Author: American Coins & Gold

Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
Users can mint new tokens using the company’s new Alloy platform, which will be part of Tether’s upcoming tokenization venture, CEO Paolo Ardoino said.

U.S. SEC's Crypto Enforcer David Hirsch Quits
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday.

First Mover Americas: Crypto Majors Subdued After Fed's Hawkish Stance
The latest price moves in bitcoin (BTC) and crypto markets in context for June 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Investment Products Saw Over 0M in Outflows Last Week: CoinShares
Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC.

U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of .8B in June: JPMorgan
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said.

Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.

Protocol Village: Polkadot Community Approves 'Jam' Architecture, M Development Fund
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.

South Africa Re-Elects Cyril Ramaphosa of the ANC as President
South African president Cyril Ramaphosa of the African National Congress (ANC) party was re-elected on Friday, and will lead the country’s first multi-party coalition government.

Two Men Charged With Running Darknet Marketplace Empire Market
Federal prosecutors in Illinois have charged two men with owning and operating Empire Market, a darknet marketplace, according to court documents filed Friday.

Mass Adoption Would Ruin Crypto. Keep It a Niche
There is an unavoidable tension between the aims of decentralization and onboarding everyday users.