Paxos

Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum

Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. We have a beautiful Ethereum garden. In it we grow cash equivalents called stablecoins powering applications that run on open-source, programmable blockchains. It promises to be the new economy – free, …

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Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former Commodity Futures Trading Commission (CFTC) …

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The $10B Stablecoin Industry Has a Fraud Problem It’s Not Addressing

J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Often described as the world’s first distributed computer, Ethereum is run by a network of independent and anonymous nodes. This setup ensures no one can be prevented …

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