Cryptocurrency Market Today

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U.S. Officials Eye Ransomware Payments for Sanctions The Biden administration plans a disruption of the digital financial backing which allows for cyberattacks.
Future sanctions will make it difficult for hackers to use digital currencies.
The U.S. government continues a tightened grip on all things crypto.
be[IN]Crypto

20% of El Salvador Now Bitcoining “1.1 million Salvadorans already use the Chivo wallet (and we haven’t enabled 65% of phone models yet),
” said Nayib Bukele, El Salvador’s president, before adding:
Ripple And XRP Propped Up By Republican Senators As They Push Against SEC’s Scheme
SEC chair Gary Gensler gets called out for the commission’s method of crypto-industry regulation by the Senate
Ripple co-founder calls out Gensler for contradictory statements on the crypto-industry.
Zy Crypto

Bitcoin’s Annual Energy Use Has Already Passed 2020’s: Research
A recent report predicts that the network’s energy use will match that of Pakistan by the year’s end.
Crypto Potato

Solana founder Anatoly Yakovenko tweeted that the outage was caused by bots "flooding the network" during an IDO (initial DEX offering)
for a token called Grape on Raydium, a decentralized exchange built atop the Solana network.
Decrypt
American CryptoFed DAO seeks US SEC consent for stable utility tokens
The Wyoming-based digital asset company has filed Form 10 and Form S-1 for registering and trading Locke and Ducat tokens.
Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations
Bitcoin.com
Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay
The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program.

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