Crypto
Norfolk bank poised to revolutionize finance as cryptocurrency regulations evolve
Patrick Gerhart, President of Banking Operations at Telecoin, shared insights with News Channel Nebraska on how this development will reshape the financial landscape for Nebraskans. “The GENIUS Act will provide much-needed regulation and insight into how the government will treat stablecoins, a type of cryptocurrency typically backed by a fiat currency,” Gerhart explained. “At Telecoin, we are developing a stablecoin that will be backed by the U.S. dollar on a one-to-one basis.”
Crypto
Data: The cryptocurrency market shows mixed results, with slight increases in the Meme and Layer 1 sectors, while BTC drops to 110,000 USD – ChainCatcher
ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market are experiencing mixed gains and losses. Among them, the Meme sector rose by 1.38% in 24 hours, with Pump.fun (PUMP) and OFFICIAL TRUMP (TRUMP) increasing by 12.98% and 13.65%, respectively; the Layer1 sector increased by 1.02%, with Zcash (ZEC) continuing to rise significantly by 10.77% and Hedera (HBAR) up by 5.22%.
In addition, Bitcoin (BTC) continues to pull back, down 1.60% in 24 hours, retreating to around $110,000. Ethereum (ETH) fell by 1.35%, maintaining around $3,900.
In other sectors, the CeFi sector rose by 0.66%, with Binance Coin (BNB) up by 0.79%; the DeFi sector increased by 0.59%, with World Liberty Financial (WLFI) rising by 3.92%; the Layer2 sector went up by 0.52%, with Merlin Chain (MERL) increasing by 7.50%; additionally, the PayFi sector fell by 0.93%, but Litecoin (LTC) rose against the trend by 2.52%.
The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiNFT, and ssiMeme indices rose by 2.42%, 1.77%, and 1.42%, respectively.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click “Report”, and we will handle it promptly.
Outside the Box
This so-called ‘safer’ cryptocurrency offers some advantages to investors. But can you trust the providers?
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Stablecoin, the purportedly “safer” version of cryptocurrency, is having its moment. On the heels of the GENIUS Act, which Congress passed last July, the value of all stablecoins is now more than $300 billion — roughly 7% of all crypto in circulation.
Stablecoin’s run is even more impressive given that its stability is overrated. Safety and security as an asset vary widely by issuer, and stablecoins offer little benefit to crypto investors and almost nothing to non-crypto investors.
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