Sen. Elizabeth Warren Asks SEC To Examine Crypto Exchanges – July 9

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $32,878

Bitcoin price has continued to range in the $32,000s over the last day of trading, stablizing just below the $33,000 mark overnight.

Top-20 altcoins have continued to trickle downward, as Ethereum drops 4%, Cardano falls 3% and Dogecoin stands out with a 2% gain.

Top Stories for July 9, 2021 πŸ”₯

πŸ‘‰ Sen. Elizabeth Warren Asks SEC To Examine Crypto Exchanges

Senator Elizabeth Warren has requested that the Securities and Exchange Commission (SEC) examine the effect of crypto exchanges on the US market and risks to consumers.

The information was revealed in a letter released this week, which asked SEC Chair Gary Gensler if exchanges operate safely and what regulatory actions may be required to protect investors.

πŸ‘‰ Square CEO Dorsey Confirms Development Of BTC Hardware Wallet

Jack Dorsey, CEO of Twitter and digital payment platform, Square, has confirmed that Square is building its very own Bitcoin hardware wallet.

Square is looking to make Bitcoin custody more mainstream, using “assisted self-custody” and prioritizing the use of mobile devices.

πŸ‘‰ BIS Says Central Banks Should Focus On Cross-Border CBDC Use

The Bank for International Settlements (BIS) has told central banks to focus on cross-border applications for central bank digital currencies (CBDCs), rather than concentrating on domestic use.

A paper published by the organization says that CBDC projects should cooperate to enhance cross-border systems, via interoperability and international infrastructure.