US lawmakers request crypto firms provide info on diversity and inclusion

A group of five lawmakers from the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms dealing with cryptocurrencies and Web3. In a Thursday notice, House Financial Services Committee chair Maxine Waters along with Representatives Joyce Beatty, Al Green, Bill Foster and Stephen Lynch penned a letter requesting U.S.-based crypto firms provide information on “how and whether the industry is working toward a more equitable environment for everyone.” The lawmakers sent letters to 20 companies including Aave, Binance.US, Coinbase, Crypto.com, FTX,…

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Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO

White Rock Management CEO Andy Long believes bear markets “present excellent opportunities” for expansion via mergers and acquisitions in the crypto mining sector. Speaking with Cointelegraph, the crypto mining company CEO noted that companies who have managed their balance sheets effectively are in “great shape” during this bear market, and will continue to do well even if there’s more volatility to come. “The bear market has presented challenges for the miners who leveraged up at the top of the market, however, the sector has been here before, and well capitalized…

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US lawmaker calls for Apple and Google to provide info on fake crypto apps

Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting crypto scams. According to the letters published on Thursday, Brown asked Apple CEO Tim Cook and Alphabet CEO Sundar Pichai for the steps the tech giants were taking in the approval of crypto apps on Apple and Android devices. The senator requested information related to how the companies assessed if apps…

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Italian government will provide $46 million in subsidies for blockchain projects

The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. In a Tuesday announcement, the ministry said companies and public or private research firms will be able to apply for funding from the government for the development of projects related to artificial intelligence, the internet of things, and blockchain technology. The fund will have an initial budget of 45 million euros — roughly $46 million at the time of publication — for…

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Ankr partners with Optimism to provide a fast and reliable RPC service for users

Ankr, a company that provides one-click node deployment and Web3 infrastructure, has announced that it will become a remote procedure call provider for Optimism. Optimism is an open-source Layer 2 scaling solution for Ethereum that focuses on speed and efficient transactions across the network. It has caught the eyes of many in recent months, including Ethereum co-founder Vitalik Buterin. This is a great example of why I’m so proud of @optimismPBC for adding non-token governance (the Citizen House). Optimism explicitly has goals *other* than just “make OP go up”, and…

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Chainlink integrates with Moonbeam to provide price data to Polkadot developers

Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform.  In a release sent to Cointelegraph, Chainlink’s team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance (DeFi) developers to bring price accuracy to their decentralized applications (DApps). Moonbeam Founder Derek Yoo mentioned that access to off-chain asset prices…

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Chainlink launches price feeds on Solana to provide data to DeFi developers

Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps).  In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At the later stages of the integration, more Chainlink oracle services and price feeds will be made available. Anatoly Yakovenko, co-founder of Solana, believes the Chainlink integration will help developers building…

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El Salvador’s central bank accepts Qredo’s registration to provide crypto services

Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador. In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm’s registration as a recognized Bitcoin service provider as laid out in the country’s Bitcoin Law. According to the registration website, Qredo was authorized to custody BTC, provide Bitcoin wallets, process payments and act as a digital asset exchange. HOT OFF THE PRESS#ElSalvador‘s Central Bank has approved Qredo to offer a range of Bitcoin services Qredo…

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Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K

The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially turns $100 into $66 by slashing 33% of the dollar’s purchasing power. The U.S. Federal Reserve FOMC meeting is expected to rule on the interest rates on May 4, but more importantly, the FED is…

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Propy partners with Abra to provide crypto-backed real estate loans

Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital assets.  Propy customers can now put up digital assets as collateral for their real estate purchases through Abra Borrow, a cryptocurrency lending and borrowing service. Crypto collateral pledged on Abra is used to borrow United States dollars that can then be applied to home purchases. The Propy blockchain records the entire transaction process, serving as the technical and legal framework for buyers…

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