The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Wall Street NY, the global crypto market cap has officially surpassed $4 trillion, driven by unprecedented investor confidence following the passage of two landmark U.S. crypto bills — the GENIUS Act and the CLARITY Act. Dubbed “Crypto Week” on Capitol Hill, these legislative milestones are reshaping the future of digital assets in America and beyond.
Continue reading Crypto Market Cap Surpasses $4 Trillion as U.S. Passes Historic Stablecoin Bill
the staff of the Ridgewood blog
Seoul South Korea, South Korea is making a bold move into digital finance. Under the leadership of newly elected President Lee Jae-myung, the Korean government has announced plans to legalize and promote stablecoin backed by the Korean won (KRW), signaling a major shift in the nation’s monetary and blockchain strategy.
Cash isn’t king anymore for many people in Ridgewood. Traditional banks, with their maintenance fees, paperwork, and limited returns, are no longer the automatic go-to. A growing number of residents are opting to store and move their money in the form of cryptocurrency, citing speed, control, and potential profits as primary drivers behind the shift.
Continue reading Why Some Ridgewood Residents Are Choosing Crypto Over Banks
the staff of the Ridgewood blog
Ridgewood NJ, Cryptocurrency fugitive Kwon Do-Hyung, also known as Do Kwon, was reportedly arrested yesterday by officials in Montenegro as he attempted to travel through the capital city of Podgorica’s airport with falsified documents. His detention comes almost one year after the company he cofounded, Terraform Labs, collapsed, leading to the loss of billions of dollars in digital currency markets last year.
the staff of the Ridgewood blog
Ridgewood NJ, a group of institutions backed by the Federal Deposit Insurance Corp. plans to offer a new stablecoin called USDF. Founding members of the group include Synovus, New York Community Bank, and Sterling National Bank. USDF will be a bank-minted alternative to USDT and USDC. It will operate on the Provenance blockchain and be redeemable for cash from any of the group’s members. USDF aims to address the consumer protection and regulatory concerns of nonbank-issued stablecoins. What could possibly go wrong with that?
the staff of the Ridgewood blog
Washington DC, on December 8th, the House Financial Services Committee held the first of undoubtedly many more hearings on the future of cryptocurrency and digital assets in America’s financial ecosystem.
