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Draft US stablecoin bill would ban new algo stablecoins for 2 years

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It’s reported the bills’ definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.

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Coin Market

Indian Supreme Court recovers YouTube account from XRP scammers

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XRP scammers hacked the Supreme Court of India’s YouTube account, and although it was recovered, it lost its subscriber base.

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Coin Market

AI may lead to inflationary pressures: Bank of Canada

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Bank of Canada Governor Tiff Macklem highlights the potential risks AI poses to inflation and financial stability in the short term.

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Coin Market

Crypto lender Shezmu recovers hacked funds through negotiation

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Shezmu recovers nearly $5 million in stolen crypto through negotiations with the hacker, agreeing to a higher bounty. Meanwhile, WazirX struggles with unresolved losses.

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