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Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies

On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that…

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Stablecoins Must Be Backed By Cash, Says Pro Crypto Senator Cynthia Lummis

Cynthia Lummis – Republican Senator and ardent crypto supporter – is showing caution around stablecoins. She recently said that they need to be cash-backed and regularly audited. Ensuring Proper Stablecoin…

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Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies

Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also…

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SEC Denies Freedom of Information Act Request Concerning Tether Documents

On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social…

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USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen…

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