🏛 Congress will hold hearings with the participation of the heads of Coinbase, FTX, Paxos and others
On December 1, Maxine Waters, who heads the Financial Services Committee of the House of Representatives, announced a list of witnesses to the hearings on cryptocurrencies, which will be difficult for the heads of leading US cryptocurrency firms.
The hearing, scheduled for December 8, is titled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
The witnesses are the CEOs of leading crypto firms: Jeremy Aller from Circle, Sam Bankman-Fried from FTX, Brian Brooks from Bitfury, Chad Cascarilla from Paxos, Denel Dixon from Stellar and Ales Haas from Coinbase.
Interestingly, the global CEO of Coinbase, Brian Armstrong, will not appear, despite the fact that the firm is under the gun of lawmakers and regulators seeking to restrict cryptocurrency.
The Financial Services Committee has always been at the forefront when it comes to the cryptocurrency law. A number of its members are also part of the Blockchain Caucus, while Waters herself assembled a working group of committee Democrats to focus on cryptography earlier this year.
🔥 Croatia’s Largest supermarket chain starts accepting payments in Bitcoin (BTC) and XRP
Croatia’s largest supermarket chain, Konzum retail chain, will start accepting cryptocurrency payments in its online store from today.
Konzum is the first retail giant in Croatia to start accepting Bitcoin (BTC) and several other altcoins as a payment method. Individuals, as well as businesses, can now buy everyday products and 12,000 products in the Konzum online store using cryptocurrency.
Konzum plans to expand the possibilities of cryptocurrency payments in its retail stores across the country in the coming months. The store claims that cryptographic payments will be as smooth as card payments, and users can simply choose one of nine crypto payment options and scan a barcode to complete transactions. Customers can pay in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), EOS, DAI, XRP, Stellar Lumen (XLM), Tether (USDT) and USDC.
Uros Kalinich, Konzum Board Member for Finance and IT, said:
“The introduction of cryptocurrency payments is another indicator that Konzum is constantly monitoring global trends, introducing innovations and setting standards in the retail sector. We continue to invest in the development of innovations and technologies.”
Crypto payments in the online retail store will be simplified in cooperation with the local fintech company Electrocoin. Electrocoin has developed a new cryptocurrency payment processor called PayCeck. The PayCeck system will also eliminate the risks of cryptocurrency instability and offer customers fixed exchange rates at the time of payment.
🏥 The Canadian online medical company Ask The Doctor has added $1.5 million worth of shiba inu to its balance, according to a message posted on its Twitter account.
Kraken contributed to the seven-figure purchase. According to U.Today, shiba inu started trading on the cryptocurrency exchange in San Francisco on Tuesday.It already allows customers to pay Dogecoin for certain services in the US and Canada.
The Toronto-based company was founded in 2010, which allows its clients to communicate with medical professionals via text messages or streaming video. Notably, its list of co-founders includes former NBA player Israel Idonie and former NBA star Dikembe Mutombo.
In 2016, Ask The Doctor began accepting payments in bitcoin, becoming the first medical company worldwide to accept cryptocurrency.
The reason for adding the new payment method was to offer customers who share sensitive medical data greater privacy.
📊 By the end of November, the BTC price fell by 7.2%. In just 2021, the first cryptocurrency has grown by more than 95%.
Ahead of us is a historically positive December for the crypto market.