Bitcoin Mining Slows Down—Why Regulators and Lawmakers Are Watching Closely When JPMorgan reported that the Bitcoin network’s hashrate—a key measure of mining activity—took a noticeable breather in the first two weeks of October, it wasn’t just a technical footnote for crypto enthusiasts. For policymakers and regulators in Washington, this slowdown is yet another flashpoint in…
In a move with significant regulatory and political implications, cryptocurrency exchange Kraken has acquired a U.S.-licensed derivatives trading platform from IG Group for $100 million. The deal, which enables Kraken to expand its footprint in American financial markets, offers clear evidence of the intensifying race among crypto companies to secure legitimacy within the tightly regulated…
In a significant intervention in the growing debate over digital asset regulations, Federal Reserve Vice Chair for Supervision Michael Barr outlined a series of pressing risks attached to stablecoins, urging lawmakers to proceed with vigilance as the United States considers a regulatory framework for the burgeoning sector. Appearing before policymakers, Barr catalogued potential dangers from…
