17 September

The U.S. Treasury Department is preparing a report on stablecoins and their potential risks to the financial system, Bloomberg reported Thursday. Treasury officials reportedly met with representatives from financial institutions to discuss stablecoin regulations and other crypto issues last week.

How stablecoins are actually used remains top-of-mind for the Treasury officials working on this report, Bloomberg said, citing anonymous sources.”

WeWork said Revolut will use bitcoin to pay for its 300-employee office space at a WeWork site in Dallas, its largest office in the U.S. The office space provider first began accepting cryptocurrency as payment in April.

We’re excited to continue on our rapid growth trajectory with an innovative partner like WeWork that affords us the flexibility to pay using cryptocurrency – a technology whose future we vehemently believe in.”

See Also: AMC adds Ether and Litecoin to year-end crypto adoption plans

The leading blockchain-based music platform is getting attention from the stars. With more than six million monthly users, the platform claims to be the largest decentralized consumer product on earth.

Aoki said that he has spent more time making music for his non-fungible tokens than working on traditional music in the last six months.

I’ve known that blockchain will change the world since I invested in Coinbase five years ago and I believe it might be the most important technology to ever hit the music industry.

The platform tries to serve as an alternative to mainstream apps like Spotify or Apple Music by being governed by holders of its AUDIO token. The approach seeks to eliminate the middlemen who have long been a thorn in the side of many a musician.”

See Also: Blockchain Social Network Minds Putting 25% of Its Balance Sheet Into Crypto
See Also: Decentraland Invests in Decentral Games to Support Metaverse Poker

“The Avalanche Foundation said in a statement it will use the funds ‘to support and accelerate the rapid growth of DeFi, enterprise applications and other use cases on the Avalanche public blockchain.’

Large-scale liquidity is a clear focus for the young chain. Two weeks ago the Avalanche Foundation announced a $180 million “Avalanche Rush” incentive program.”

See Also: Hedera Governing Council Approves $5B in HBAR Tokens to Boost Network Adoption

“Nate Chastain, head of product at the non-fungible token (NFT) marketplace OpenSea, has resigned following allegations of insider trading. Chastain, the user alleged, was snapping up cheap NFTs before OpenSea planned to feature them on the site’s homepage, and then quickly selling them after the increased attention sent the prices up.

The company said it has implemented new policies to prevent this kind of activity from being repeated.