- July 20, 2021
- Posted by: Stratford Team
- Category: Business
The top cryptocurrencies by market value, including bitcoin and ether, remain in the red on Monday, extending losses from the past week. Dogecoin is also down over 18% in the last seven days.
But a lot is still happening in the crypto world. From Jack Dorsey announcing that Square is building a bitcoin focused decentralized finance business to Elon Musk continuing to tweet about dogecoin, here are six things worth knowing in crypto from the past week.
1. Federal Reserve chairman Jerome Powell calls for more stablecoin regulation
In his testimony to the House Financial Services Committee on Wednesday, Federal Reserve chairman Jerome Powell called for stricter regulations surrounding stablecoins, which are cryptocurrencies that are supposed to be pegged to reserve assets like gold or fiat currency.
“If they are going to be a significant part of the payments universe, which we don’t think crypto assets will be, but stablecoins might be, then we need an…
