This morning, the crypto market stands at a crossroads, balancing hope and anxiety as Bitcoin ETFs record a breathtaking $40 billion in trading volume, led by BlackRock's IBIT. Institutional activity has reached fever pitch, signaling both deep conviction and a sense of capitulation among the big... ... Read full 🔴😞 Market Analysis: 26-11-6
US Bancorp is running a stablecoin pilot on the Stellar blockchain, joining the growing number of banks experimenting with the technology. The bank is partnering with consulting company PricewaterhouseCoopers (PwC) and the Stellar Development Foundation to run the pilot. “The bottom line is institut…
Bitcoin could remain trapped in a tight trading band into late December if the Federal Reserve opts against cutting interest rates at its highly anticipated meeting next month, according to an .Key Takeaways:Bitcoin may stay locked between $60K and $80K if the Fed holds rates steady in December.Fall…
Global bank regulators are preparing to revisit their most stringent crypto rules after the United States and the United Kingdom refused to implement them, a move that threatens to unravel the long-standing consensus of the Basel Committee. In an interview with the Financial Times, Erik Thedéen, the…
The European Central Bank's concerns about the rapidly expanding stablecoin market seem overdone, IG analyst Chris Beauchamp says in a note. ECB policymaker Olaf Sleijpen told the Financial Times that the stablecoin market, dominated by dollar-pegged tokens, could create risks for financial stabilit…
The European Central Bank (ECB) may soon be compelled to view stablecoins not just as a regulatory concern, but also as a potential source of macroeconomic shocks, according to Dutch central bank governor Olaf Sleijpen.In a Financial Times interview, Sleijpen warned that the fast-growing dollar-pegg…
The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC.Alibaba president Kuo Zhang told CNBC in a Friday report that the tech giant plans to use stablecoin-like technology to streamline overseas…
The UK’s central bank, the Bank of England (BOE), has released a proposed regulatory regime for stablecoins. The consultation paper took into account the perspectives of the crypto industry, but some observers say it remains restrictive.BOE released the document on Nov. 10 — some two years after it …
Aave Labs became one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA).The approval enables “Push,” Aave Labs…
Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0.The collaboration offers enterprises a stack to launch and distribute their own stablecoins at scale, MoonPay sa…
The United Kingdom needs to regulate and encourage the development of British pound stablecoins to keep the country’s financial services sector globally competitive, according to Mark Fairless, the group CEO of bank infrastructure and fintech company ClearBank.“Stablecoins are a logical extension to…
What to Know:USDKG changes the usual stablecoin model by backing a dollar peg with real gold from Kyrgyzstan’s reserves. If gold and commodity stablecoins grow, users will want wallets that handle many stablecoins without turning their portfolio into a spreadsheet headache.Best Wallet Token ($BEST) …
Phantom Wallet is staying grounded for now. Despite its rapid growth and investor buzz, the company isn’t planning an IPO or launching its own blockchain anytime soon. CEO Brandon Millman confirmed this on the Empire Podcast, saying Phantom’s focus will stay on Solana and building products that make…