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Republican Senator Pat Toomey recently issued a letter to SEC chairman Gary Gensler regarding cryptocurrency and stablecoins. He attached over 25 questions to the letter, all seeking regulatory clarity on behalf of the industry. Toomey Demands Clarity From Gensler Senator Pat Toomey sent the letter today as a follow-up to Gensler’s testimony before the Senate committee on September 14th. At the time, Senator Toomey said that businesses in the industry needed more clarity on what regulators required of them. "We…

A blogpost report shows that Cardano sets to launch the Plutus Dapp Store through IOHK. The storefront is going to host every decentralized application running on Cardano's blockchain network. Plutus dAppStore could go live in the upcoming Cardano Summit, which starts on September 25, 2021. Improving dApp Interactions with Plutus Dapp Store Cardano is making major changes to its ecosystem, most of which aim at boosting the platform's functionalities. Such upgrades include the Plutus dAppStore, which projects to address two main…

Bitcoin has been the subject of a great deal of scrutiny recently, as has been the entire crypto market. Analysts are looking to see the BTC price break at least the $50,000 mark. Also, they hope that it would eventually get enough momentum to hit its all-time high and make bigger plays. Considering that $50,000 is indeed in play, many have been looking towards the possibility of Bitcoin hitting $100,000. The asset is still going through a bit of a…

Earlier today, The lower house of the U.S. Congress approved the controversial national defense act that includes crypto provision policies. The fate of the bill now lies in the hands of the U.S. Senate; hence the notion that it may stand as the law remains plausible. The defense bill focuses on the U.S. military’s expenditure and includes ways to innovate the financial industry. In recent times, the U.S. government has sought several ways to adapt to the inevitable cryptocurrency mass…

Exchange of value has never been this easy. Algorand is among the first crypto projects to integrate DeFi protocols with the traditional financial modules. The platform plans to introduce revolutionary financial products that could improve the basic economic modules in the Fintech industry. And, the Pure Proof of Stake mechanism is at the center of the project. In its very acclaimed blockchain, Algorand is a project touted to kill Ethereum. As the title suggests, the platform has numerous unrealized potentials, game-changer…

On September 23, Bitrue announced on a Twitter post the opening of the ArtVerse token sale event page on its platform. The platform is working on the final touches before the presale, set to kick off on September 27. ArtVerse’s AVT token will list on Bitrue before other exchanges, according to confirmation on its Twitter page. ArtVerse is a decentralized platform focusing its objectives on streamlining activities within the crypto art industry. It is leveraging the decentralization offered by blockchain technology to create…

Twitter has finally launched its tipping service. The new feature should allow fans to easily reward content creators on the platform. Also, the service allows users to receive tips in Bitcoin. Receiving Tips in Bitcoin Twitter revealed the Tip Jar feature in May, near the height of the crypto industry’s total market cap. Also, they said that it would enable users to connect their Twitter accounts to more traditional payment platforms for rewards. These included Bandcamp, Cash App, Patreon, PayPal…

The United Arab Emirates financial regulators have allowed crypto trading in an economic-free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) signed an agreement with UAE's SCA to support the regulation and trading of cryptocurrencies. The deal advances the UAE's commitment to becoming a crypto-friendly global hub. Allowing Crypto Trading in Dubai The latest effort creates a structure that will allow the DWTCA to provide the appropriate approvals. Also, they will get to offer licenses for financial activity…

According to reliable sources, California-based Cambrian asset management reaped about a 76% profit from virtual assets from the start of 2021 through August. The $200M financial entity trades around 50 digital assets with leverage against the assets’ volatile nature. The hedge fund started treading the digital-asset fund landscape about three years ago. Over the years, it garnered specialists from big firms like Winton Capital. The firm projects to widen its scope enough to serve more crypto enthusiasts. Additional Investment Assets for Investors In…