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Bitcoin news live: BTC price slide causes heavy losses to crypto market - The Independent

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Editorial Independence, We wish to help you make more informed choices. Some links on this page clearly marked might take you to a partner site and may result in us earning a recommendation commission. For more information, see Cryptocurrency made a splash at the Super Bowl on Sunday, with multiple cryptocurrency exchanges airing ads.

Senate Banking Chairman Sherrod Brown blasted them during a senate committee hearing Tuesday, saying the ads lacked openness and "left a couple of things out." Did you see this? was another government conference on stablecoins, where U.S. legislators echoed similar past sentiments about how more regulation is needed." While stablecoins recommend they resemble money, best of luck attempting to use one at the store.

Meanwhile, a New Jersey legislator launched an early draft of a bill on regulating the stablecoin market. The New York Stock Exchange filed a trademark application for its own NFT marketplace. Colorado will begin accepting crypto payments for taxes by the end of summer season. JP Morgan has officially gone into the metaverse.

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Here's more on the most current crypto news investors should understand about: The New York Stock Exchange, the world's largest stock exchange by market capitalization, wishes to be the marketplace for NFTs similar to with stocks. The exchange submitted an application with the U.S. Patent and Hallmark Office to offer an online marketplace for digital items consisting of NFTs, cryptocurrencies, digital media, and artwork.

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Colorado Guv Jared Polis revealed that the state will begin accepting crypto payments for taxes and other state-related deals by the end of summer season. Polis said during an interview with Coin, Desk that Colorado will partner with crypto companies to successfully accept and convert Bitcoin into U.S. dollars. "We do not wish to take the speculative threat of holding crypto, so we will have a transactional layer there and it will be gone into in our system as dollars," he states.

Josh Gottheimer on Tuesday revealed an early draft of legislation that would position clear definitions around U.S. dollar-backed stablecoins. The proposed legislation would designate certain stablecoins as "certified," making them redeemable on a one-to-one basis for U.S. dollars, and institute standard deposit insurance coverage on stablecoin holdings. The expense likewise states that certified stablecoins would only be provided by banks or non-bank organizations that please certain guidelines.