Crypto News

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest […]

Ethereum

Ethereum community explodes over proposed stablecoin act from U.S. representatives

The crypto community was slammed with news earlier this week that U.S. House representatives are looking to crack down on stablecoins. The Office of Congresswoman Rashida Tlaib, who is heading this new proposed legislation, wrote in a press release announcing this move: “The COVID-19 Pandemic has exposed numerous barriers to accessing and utilizing mainstream financial […]