Bo Hines, executive director of the US President's Council of Advisors on Digital Assets, said in a social media post that "the core of the GENIUS Act is to safeguard the future of American finance." Stablecoins can help solidify the dominance of the U.S. dollar, modernize our outdated payment system, and provide Americans with faster, cheaper, and more transparent ways to move money around. Digital asset technology represents the next generation of the financial system. The United States is rea...
The Forbes Digital Asset section page has added Scallop (SCA), which will display information such as the price of SCA tokens and the supply in circulation in real time.
The Irish Criminal Assets Bureau (CAB) holds bitcoin seized from a drug dealer in 2019 and has been unavailable despite its value soaring to 345 million euros ($378 million). In 2020, the Irish High Court ruled that the bitcoin was the result of criminal activity when it was seized from Clifton Collins and was worth around $56 million at the time. He claims to have hidden a file containing a seed phrase for his BTC wallet in a county located in Galway.