U.S. Rep. Madison Cawthorn, who recently lost his primary to represent western North Carolina again, is now under investigation for crypto-related matter, a press release from the U.S. House Committee on Ethics said Monday (May 23).
This comes after he might have improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, the release said.
Meanwhile, CNBC writes that investors have pulled over $10 billion out of tether in the last two weeks as regulatory scrutiny increases.
Tether, the world’s biggest stablecoin and meant to be pegged to the U.S. dollar, dipped as low as 95 cents on May 12 in the wake of the collapse of the UST stablecoin, which completely collapsed around that time and sent crypto as a whole spiraling down.
In other news, Crypto Valley Venture Capital is debuting an Africa-focused fund to support blockchain startups on the continent, Coindesk wrote.
The fund will invest in 100 startups on the continent in the next four years.
It has already invested in 12 startups in which blockchain use cases “go far beyond cryptocurrencies to drive Africa’s future to date.”
Elsewhere, Binance promoted TerraUSD as “safe” weeks before the collapse, Financial Times (FT) reported.
It advertised on April 6 a new investment scheme where clients lend out terra to earn a yield of around 20% as a “safe and happy” way to earn.
Binance is one of the most influential crypto players and its promotion, according to FT, “highlights the central role crypto exchanges play in choosing which digital tokens are made easily accessible to mainstream traders.”
Meanwhile, Bithumb and Upbit, two of the big Korean crypto exchanges, are warning about Litecoin due to an update allowing transactions to be sent confidentially.
Litecoin’s activation of privacy-focused tech Mimblewimble adds confidential transactions, letting users send tokens while hiding transaction information. The two exchanges cited anti-money laundering and…
U.S. Rep. Madison Cawthorn, who recently lost his primary to represent western North Carolina again, is now under investigation for crypto-related matter, a press release from the U.S. House Committee on Ethics said Monday (May 23).
This comes after he might have improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, the release said.
Meanwhile, CNBC writes that investors have pulled over $10 billion out of tether in the last two weeks as regulatory scrutiny increases.
Tether, the world’s biggest stablecoin and meant to be pegged to the U.S. dollar, dipped as low as 95 cents on May 12 in the wake of the collapse of the UST stablecoin, which completely collapsed around that time and sent crypto as a whole spiraling down.
In other news, Crypto Valley Venture Capital is debuting an Africa-focused fund to support blockchain startups on the continent, Coindesk wrote.
The fund will invest in 100 startups on the continent in the next four years.
It has already invested in 12 startups in which blockchain use cases “go far beyond cryptocurrencies to drive Africa’s future to date.”
Elsewhere, Binance promoted TerraUSD as “safe” weeks before the collapse, Financial Times (FT) reported.
It advertised on April 6 a new investment scheme where clients lend out terra to earn a yield of around 20% as a “safe and happy” way to earn.
Binance is one of the most influential crypto players and its promotion, according to FT, “highlights the central role crypto exchanges play in choosing which digital tokens are made easily accessible to mainstream traders.”
Meanwhile, Bithumb and Upbit, two of the big Korean crypto exchanges, are warning about Litecoin due to an update allowing transactions to be sent confidentially.
Litecoin’s activation of privacy-focused tech Mimblewimble adds confidential transactions, letting users send tokens while hiding transaction information. The two exchanges cited anti-money laundering and…