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President Donald Trump is a signature away from enacting a bill to regulate stablecoins that will dictate how issuers of the tokens must be regulated to serve the US market.The US House passed three crypto bills on Thursday, including the GENIUS Act, a backronym for “Guiding and Establishing Nationa…
Cathie Wood’s investment company ARK Invest has dumped the biggest amount of its spot Bitcoin exchange-traded fund (ETF) following a stock split in mid-June.ARK offloaded 225,742 shares of the ARK 21Shares Bitcoin ETF (ARKB) from its ARK Next Generation Internet (ARKW) on Tuesday, according to a tra…
Despite initial concerns about its effect on the European crypto industry, the Markets in Crypto-Assets (MiCA) regulation is proving a benefit to crypto customers and exchanges alike. The EU’s first regulatory package concerning cryptocurrencies has been in effect for almost 200 days, and since then…
Crypto exchange OKX has joined the Global Dollar Network (GDN), a stablecoin consortium co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, Bullish and Nuvei. As part of the move, OKX has added support for USDG, a U.S. dollar-backed stablecoin issued by Paxos.The addition allo…
Crypto-focused asset manager Grayscale said on Monday it has confidentially submitted paperwork for a potential U.S. listing, joining a bunch of firms looking to capitalize on resurgent equities.The move comes more than a month after the blockbuster IPO of stablecoin giant Circle , another major…
As bitcoin hit its latest in a series of recent all-time highs above $123,000 earlier Monday, analysts at research and brokerage firm Bernstein said they expect a "long and exhausting crypto bull market" ahead, reiterating their prediction for the foremost cryptocurrency to reach $200,000 by the end…
Crypto asset manager Grayscale Investments has confidentially submitted a draft registration statement for an initial public offering to the U.S. Securities and Exchange Commission, according to a Monday announcement.The release did not disclose the number of shares to be offered or a valuation targ…
By Nate WolfStablecoins, with their roots in the buzzy, freewheeling world of cryptocurrencies, may have an outsize impact on one of America's most staid yet critical asset classes: Treasury bonds.Wall Street is still trying to suss out how stablecoins — tokens pegged to assets like the U.S. dollar …
The creator of the LIBRA token is seeking to have a New York class-action lawsuit against him dismissed, arguing that the court lacks jurisdiction as the token was offered globally. Hayden Davis, co-founder of the venture firm Kelsier Ventures, asked a New York federal court to dismiss the class-act…
** H.C. Wainwright downgrades cryptocurrency exchange Coinbase by two notches, to "Sell" from "Buy", citing outstripped valuation ** The valuation of COIN has gone beyond near-term fundamentals with stock gaining nearly 150% from its April lows, which the brokerage considers "overdone" ** We belie…
Jack Ma-backed Ant Group is reportedly working with USDC issuer Circle to bring the stablecoin to its blockchain, according to a Bloomberg report published Thursday, citing anonymous sources.The report said Ant Group plans to incorporate USDC (USDC) into its blockchain after the stablecoin becomes c…
Ant International, the cross-border arm of Jack Ma's Ant Group, is collaborating with Circle to integrate the USDC stablecoin into Ant’s proprietary blockchain, pending the token's clearance of U.S. regulatory requirements, Bloomberg reported on Thursday.The partnership would give the payments giant…