In spite of the outsized attention afforded to Dogecoin (DOGE)— which added roughly USD 10 billion to its market cap over the past week— the coin continues to see sporadic and at times scant developer activity on its GitHub page.
Last week, Boston Fed President Eric Rosengren said USDt reserves resemble a “very risky prime fund.” Despite persistent concerns over the stablecoin’s perceived regulatory challenges, the USDt market cap has tripled since the new year to USD 62 billion.
Ontario residents using the platform have until December 31 to close out active positions. The move preceded a notice from the UK’s Financial Conduct Authority (FCA) which stated that Binance “must not...carry out any regulated activities for which” it lacks permission.
On Friday, authorities in Sichuan ordered mines in the region to shut down by Sunday. The Cambridge Centre for Alternative Finance reports that the province accounted for roughly 9.66% of China’s hash rate as of April 2020.
On Saturday, BTC’s Taproot upgrade received enough support from miners, locking in its implementation for November. According to its supporters, Taproot enables a range of innovations related to BTC-based smart contracts and scaling.