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Representatives in Washington want the Commodity Futures Trading Commission (CFTC) to regulate crypto, but there are questions about whether the agency is up to the task.Last week, US Congressman French Hill released the first draft of the Clarity Act, a bill that would create a new category of asse…
The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the United States Congress, and the stakes for the cryptocurrency industry are high.If the US Senate, the upper chamber of the country’s Congress, passes the GENIUS Act on Tuesda…
The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency.Over 35 million Ether coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according t…
Despite its massive popularity, XRP has remained largely absent from decentralized finance (DeFi) because of the technical limitations of the XRP Ledger (XRPL). XRPFi, a DeFi ecosystem centered on XRP , aims to narrow that gap. It leverages Flare Network’s bridging and smart contract technology to b…
Ubyx, a new stablecoin clearing platform that aims to jumpstart stablecoin adoption by enabling redemption at face value, has closed a $10 million seed funding round backed by several major crypto investors.The funding round was led by Galaxy Ventures, with participation from Coinbase Ventures, Foun…
Opinion by: Julie Bourgeois, Head of Legal and Compliance, 6 MonksDigital asset regulations are rapidly evolving to ensure the transparency and safety of all market participants. This is no more evident than in Europe, where two different regulatory models have emerged.On one side is the European Un…
The Michael Saylor Bitcoin strategy, explained Saylor’s thinking was driven by a deep concern about the future of fiat currency. When Michael Saylor, then CEO of Strategy, announced in August 2020 that his business intelligence firm was adopting Bitcoin as its primary treasury reserve asset, many…
Key points:BTC price weakness accelerates after the Wall Street open as analysis warns of a “rug pull” at $104,000.Bitcoin bulls have done their best to avoid panic reactions to downside volatility triggers.US dollar strength eyes a comeback after hitting new three-year lows.Bitcoin broke below $10…
Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets.Announced Tuesday, the alliance includes the S…
Key takeaways:Analysts predict XRP could rally 530% toward $14.The pair needs to reclaim the 200-day SMA to continue the uptrend.XRP’s price has been trading between $2.05 and $2.40 over the last month while consolidating in a bull pennant in the weekly time frame. Several analysts say the current …
The median cost of mining a single Bitcoin is estimated to have climbed above $70,000 in the second quarter as miners navigate a rise in network hashrate and energy prices. According to a report on Monday from Bitcoin mining research firm TheMinerMag, the median cost of producing Bitcoin (BTC) alrea…
Cointelegraph has entered into a partnership with leading blockchain analytics platform Nansen, establishing Nansen as the go-to onchain data source across Cointelegraph’s global news desk, ensuring that millions of crypto readers have access to actionable, real-time insights directly from the block…