CRYPTO INSIDER: Coins beating stocks after a blockbuster regulatory hearing

Cameron Spencer/Getty Images)Usain Bolt of Jamaica competes in the Men’s 100 meter semifinal on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

The heads of two major US regulators testified in front of a congressional committee about cryptocurrencies, initial coin offerings, and the regulation of them. Here’s what went down.

So far on Wednesday, cryptocurrencies are outpacing stocks.Here’s the full scoreboard:

What else is happening:

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.