Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Binance partners with the Maltese Presidents Trust to launch the Blockchain Charity Foundation. BitMEX sets new daily record with over one million bitcoin traded.
The Maltese Presidents Trust has announced a memorandum of understanding with Binance to create the Blockchain Charity Foundation. The foundations mandate is to support blockchain projects with social benefit. The organization will advocate for blockchain technology that addresses issues of sustainability.
BitMEX marks a new record in trading volume with one million bitcoin traded over the previous twenty-four hours. Arthur Hayes, the CEO, credited the companys focus on scaling the trading architecture and the increasing sophistication in the market.
Venezuela is expected to launch the bolivar soberano next month to replace the countrys existing currency. The bolivar soberano will remove five zeros from the existing bolivar in an attempt to rein in inflation.
Chairman J.Christopher Giancarlo spoke to the House Committee on Agriculture addressing concerns that the agency is falling behind. He states that the current legal and regulatory environment does not allow the CFTC to monitor the blockchain. He advocated for a bill that would enable the regulator to accept shared data.
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