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Hillary Clinton wants crypto regulation to protect the dollar’s reserve status

Former secretary of state Hillary Clinton has called for increased regulation of cryptocurrency markets in an interview with MSNBC.  Clinton cited the combination of social media algorithms and the amassing of large sums of money through the control of cryptocurrencies, as a potential issue for the status of the U.S. dollar. She then called on the Biden administration to regulate the market.  “We’re not only looking at states like Russia or China, but we’re also looking at non-state actors destabilizing …

‘NFT’ named top word of the year by the dictionary publisher Collins

advertisement Collins, a dictionary publisher founded in 1824 recording over 4.5 billion words, named “NFT,” or ‘non-fungible token,’ as the top word of the for 2021.   “It’s certainly a buzzword we’ve heard over and over again in the past 12 months, in breathless news reports and on social media,” the publisher wrote in a Wednesday blog post, describing it as the intersection between internet and money.  As The Block’s data shows, interest in NFTs exploded in 2021. NFT transaction volume …

OlympusDAO mistake lets user spend $50,000 to buy $1.43 million in OHM

A mistake enabled someone to spend $50,000 to receive $1.43 million of olympus (OHM) tokens when they should have received far less, according to an update in the OlympusDAO Discord. “Earlier today someone bonded an OHM/DAI bond that was presumed to be closed off. This enabled the user to have a substantial discount resulting in the user receiving 1697 ohm instead of 59 ohm. After this occurred, we took immediate action and the bond contract has been shut down in …

Indian government is expected to introduce a crypto bill in Parliament

The government of India is expected to introduce a crypto bill in the winter session of Parliament, according to an official bulletin. The bulletin, published Tuesday, lists “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” for introduction, consideration and passing. The bulletin is published by the Lok Sabha — the lower house of India’s bicameral Parliament. It confirms recent reports that said a crypto bill will be presented in the winter session of Parliament, which begins on November …