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A bill to regulate the stablcoin market has been referred to Congress, proposing to give the Federal Reserve (Fed) oversight authority over "stablecoin" issuers.

In this regard, a House hearing will begin on April 19, focusing on major issuers such as Tether and Circle. Stablecoin developers will be required to register and provide information about reserves, otherwise they could face penalties ranging from fines of $1 million and up to 5 years in prison.

Issuers' reserves must be held in dollars, U.S. Treasury bonds or central bank reserve deposits with maturities of less than 90 days.

Issuers must also present a business model that proves effective management and minimizes bankruptcy risks. Companies that fail to prove reserves will not be eligible to issue new tokens.


Africa's blockchains are becoming increasingly attractive to investors.
Africa's blockchain sector has become the most attractive for investors in the blockchain world.According to CV VC data,

African blockchain projects reached $474 million in financing in 2022, a record 429% increase over 2021 ($90 million). However, the average growth was only 4%.

Funding for blockchain projects in Africa shows the highest growth rate. Blockchain startups registered in Seychelles and South Africa were the most attractive, receiving 81% of the total funding.

The majority of blockchain companies are in Nigeria. It is followed by South Africa, Seychelles and Kenya.

While blockchain investment in the U.S. has been steady at $15.2 billion per year, Europe and Asia have seen growth rates of 35% and 50%, respectively, reaching $4.88 billion and $4.74 billion.


The complexity of BTC mining has reached a new high
After the last recalculation of BTC mining complexity, the figure reached a new high and increased by 1.72% to 48.71 T. The BTC mining difficulty has fluctuated several times over the past year, from 29.79T on April 27, 2022 to the current record high reached on April 20. During this period, the complexity has only decreased 5 times.


Hacker returns 80% of SafeMoon funds
One of the SafeMoon liquidity pools was hacked, resulting in the loss of 27,000 BNB, equal to $8.9 million at the time. The hacker used a vulnerability in the burning mechanism, but a few hours later contacted the developers and reported that he accidentally committed hacking and was ready to return the money. However, negotiations for a refund were delayed for a month for an unknown reason. In the end, it became known that the hacker would return 80% of Safemoon tokens back to the development team.


Tesla hasn't touched its 11,950 BTC for the third quarter in a row
Tesla hasn't touched its 11,950 BTC stock held by the company, according to its quarterly report. This is the third quarter in a row that they have not traded bitcoin. The total value of their stock is currently about $345 million. Recall that the last major cryptocurrency transaction was in the second quarter of 2022 for $936 million, which was 75% of their total stock at the time.