Altcoin News Today TheBitTimes.com

Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations. The previous chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC.  On July 24, Massad told the CNBC interviewer that he sees stablecoins as a bridge between “the crypto world and the real world ” and that governments should not view them as a fad fated to disappear. The ex-chairman said he is “concerned” that the risks of stablecoins are not being properly addressed by regulators, rather they are kept out of the conversation due to the thought that they don’t actually work. “I’m sympathetic to a lot of people in the government saying ... we’re not convinced of the use case here, we don’t really see what the value is in the real world," he said. "But someti...

According to Quaison Carter, the co-founder and CMO of the location-based NFT platform Lost worlds , non-fungible tokens (NFTs) are still not widely used due to what he called “user friction.” Carter, however, insists that the value of NFTs will persist for “as long as there are communities willing to use them.” The Role Played by PFP Communities Concerning the process of onboarding users, the Lostworlds co-founder suggested making this simpler and making sure the user does not spend time trying to understand how they can become NFT holders. When asked about the challenges associated with location-based NFTs such as location spoofing, Carter lamented how such practices harm the whole industry. He also briefly explained how his company is attempting to tackle the problem and thus help to maintain the “integrity of location-based interactions.” Also, in his written responses sent to Bitcoin.com News, Carter touched on why his firm chose Avalanche and...