Fed Boss Reveals Plans for Digital Dollar Issuance and Stablecoin Regulations
Washington, D.C. – Jerome Powell, Chairman of the Federal Reserve (The Fed), on Saturday (17/2) revealed the US central bank's plans to issue a digital dollar and regulate stablecoins. In a meeting with members of the US Congress, Powell said that the Fed was conducting research and development for a digital dollar, which would be a digital currency issued by the central bank. “We want to ensure that the United States is at the forefront of payments innovation,” Powell said. “A digital dollar can provide a faster, safer and more efficient way to pay for Americans.”
BONK Token Price Increased 19.29% in the Last 24 Hours
BONK token price rose 19.29% in the last 24 hours and 146.87% in the last 7 days. The current price of BONK is US$0.00001314 with a 24-hour trading volume of $149,838,469.68. With a circulating supply of 61 TrillionBONK, BONK has a market cap of US$795,460,204. This BONK price increase occurred amidst the overall downward trend in the crypto market. This shows that BONK still has strong appeal among investors. Solana (SOL) Blockchain Growth The growth of the Solana blockchain, which is home to BONK, is one of the factors contributing to BONK's price increase. Trading volume on this blockchain soared drastically, from an average of $8 million per day in early November to more than $80 million on December 6.
Solana Founder Anatoly Yakovenko Warns of the Dangers of the “Ethereum Killer” Narrative
Yakovenko has issued a warning against attempts to fuel intense competition between protocols, including Ethereum and Solana, which is often referred to as the “ETH Killer.” Yakovenko's statements about Ethereum highlight the potential for SOL and ETH to coexist without causing discomfort, perhaps even intersecting with each other. Although Solana is receiving increasing praise from the industry, Yakovenko emphasized that community members should not stimulate unhealthy competition with the Ethereum protocol.
AntPool Plans To Refund $3 Million Bitcoin Transaction Fees
Bitcoin mining company AntPool announced its intention to refund $3 million in transaction fees. This fee, previously thought to be an error, appeared as part of a Bitcoin transaction processed last week. This step was taken to provide relief to users who accidentally paid significant amounts of fees. AntPool's risk control system plays a key role by immediately freezing such fees when it detects anomalies during the transaction process.