US Senator Claims that Stablecoins can Threaten Traditional Financial Systems

Senator Elizabeth Warren was recently speaking at the Senate Banking Committee on the matter of stablecoins. The Senator representing the state of Massachusetts recently issued some fairly abrasive remarks about the stablecoins. Warren has been known for her critical opinions about the DeFi markets. She has been vocal about how the stablecoin run can hurt…

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Second-Largest European Nation is Cracking Down on Cryptocurrencies due to Power Supply Crisis

Iceland is the largest European nation by area after the United Kingdom. The majority of the Iceland population and the commercial entities depend on power generated by geothermal plants. The national power generator and supplier called Landsvirkjun have recently reported a shortage of power reserves. Landsvirkjun has also announced that the power supply to the…

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Colombia’s Largest Banking Enterprise to Offer Bitcoin Trading Services

Bancolombia is the largest financial services provider in Colombia that also extends its banking services to countries like El Salvador, Panama, Cayman Islands, Peru, Guatemala, and Puerto Rico. On Monday, the executive brass of Bancolombia announced that it has partnered with cryptocurrency exchange Gemini founded by the Winklevoss brothers. According to the media reports, the…

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