The consortium has been in dialogue with several regulatory bodies, including the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC, since before the announcement, Wade Peery, chief administration officer at FirstBank said on CoinDesk TV. He said that the “underlying deposit account is subject to FDIC insurance.” Source link … [Read more...] about FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable
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OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
Airdrops are a token distribution method that allows crypto users who have performed certain actions to claim tokens. In this case, the airdrop applied to any Ethereum address which purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of over 850,000 addresses. To be clear, OpenDAO has no relationship with OpenSea aside from targeting its … [Read more...] about OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
GBTC unlock edges closer as impact on Bitcoin price remains unclear
As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock.A total of nearly 40,000 BTC will be unlocked in July, amounting to nearly $1.5 billion in notional value. The biggest of these unlocks will be on July 18 when 16,240 BTC will be available … [Read more...] about GBTC unlock edges closer as impact on Bitcoin price remains unclear