Digital Currencies incl NFT etc. 03; (Mar 23 - Dec 26)

[winston]

GENIUS Act

The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government.

The bill passed with a 68-30 vote. The bill still faces hurdles in the Republican-held House, but passage in the Senate signals a turning point — not just for the technology, but for the political clout behind it.

The GENIUS Act, short for the Guiding and Establishing National Innovation for U.S. Stablecoins Act, sets guardrails for the industry, including full reserve backing, monthly audits, and anti-money laundering compliance.

It also opens the door to a broader range of issuers, including banks, fintechs, and major retailers looking to launch their own stablecoins or integrate them into existing payment systems.

Source: Phillips

[behappyalways]

Why Companies Like JP Morgan And Visa Are Creating Crypto Tokens
https://m.youtube.com/watch?v=OpBGgntJq ... wAo7VqN5tD

[behappyalways]

Public Companies Are Buying More Bitcoin Than ETFs For Third Quarter In A Row
https://www.zerohedge.com/crypto/public ... uarter-row

[behappyalways]

Bitcoin faithful rejoice as US$100 billion era nears
https://www.theedgesingapore.com/news/c ... -era-nears

[behappyalways]

Tom Lee's BitMine Holdings Top $3 Billion In Largest Global Ethereum Treasury Strategy
https://www.zerohedge.com/crypto/tom-le ... y-strategy

[behappyalways]

Trump Signs EO Easing Access For Crypto, Private Assets In 401k Retirement Plans
https://www.zerohedge.com/crypto/trump- ... hite-house

[winston]

Veteran investor slams Bitcoin mining as rewards drop

Veteran investor Fred Krueger rued that Bitcoin mining is a terrible business.

by Anand Sinha

Veteran investor Fred Krueger recently slammed Bitcoin mining, as the reward has declined 8 times and the difficulty has risen 1 million times.

Bitcoin mining is the process of using high-end computers to solve cryptographic problems known as hashes, validate Bitcoin transactions, and add them to the blockchain network in return for newly created bitcoins as a reward.

Hash rate is a metric that measures how fast a miner executes cryptographic functions to solve blocks in a chain. It is calculated in terms of hashes per second, i.e., the number of hash operations executed per second.

Bitcoin hash rate has grown 94,000 times in the last 12 years, and the reward has declined 8 times in value, Krueger decried.

Source: The Street

https://www.thestreet.com/crypto/market ... m_content=

[behappyalways]

Norway's Sovereign Wealth Fund Ups Its Indirect Exposure To Bitcoin
https://www.zerohedge.com/crypto/norway ... re-bitcoin

[behappyalways]

Why Bitcoin is on the rise in Kenyan slums | BBC News
https://m.youtube.com/watch?v=rPVoaYFiIDg

[behappyalways]

We may be in serious trouble
https://x.com/Mayhem4Markets/status/1961100165537989041