The crypto market is trying to steady itself after a bruising week, with Bitcoin holding precariously above $100,000 following cascading liquidations and a harsh sell-off that sent shockwaves through both digital assets and major equities markets. Amid mounting pressure, Friday saw a modest recov... ... Read full đĄđ Market Analysis â 10-11-15
By Renae DyerThe Bank of England laid out its latest proposals for regulating stablecoins, a type of cryptocurrency pegged to another asset.The regulation applies to sterling-denominated "systemic" stablecoins, or those widely used for payments in the U.K. Stablecoins used as assets for non-systemicâŚ
Japanâs financial regulator, the Financial Services Agency (FSA), endorsed a project by the countryâs largest financial institutions to jointly issue yen-backed stablecoins.In a Friday statement, the FSA announced the launch of its âPayment Innovation Projectâ as a response to progress in âthe use oâŚ
Seven crypto firms have joined forces to establish common standards for crosschain stablecoin transfers, following a bumper year in 2024 where transfer volumes surpassed those of Visa and Mastercard. Fireblocks, the Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, MysâŚ
Crypto markets are showing signs of cooling off lately. Liquidity is the primary force driving crypto cycles, however recent trends suggest that the flow of new capital into the market has slowed. Wintermute analysts note that inflows through the main channels: stablecoins, ETFs, and digital asset tâŚ
The US Treasury is receiving opposing guidance on how to implement the GENIUS Act, which regulates stablecoin payments. Coinbase asked the department to limit a ban on stablecoin interest to issuers. Non-issuers, such as crypto platforms, should be allowed to offer interest, the company said, arguinâŚ
Crypto media and wallet platform Bitcoin.com has partnered with Concordium, a privacy-focused layer-1 blockchain, to enable age-verified stablecoin payments across more than 75 million wallets on Bitcoin.comâs network.Announced on Thursday, the integration allows wallet users to verify specific idenâŚ
Bank of England Deputy Governor Sarah Breeden expects the government to keep pace with the US in stablecoin regulation, stating that it is âreally importantâ for the allies to be synchronized on rules governing the $310 billion industry.Speaking at the SALT conference in London on Wednesday, BreedenâŚ
Coinbase Global reported a jump in its third-quarter profit on Thursday, as heightened volatility in digital assets boosted trading volumes at the cryptocurrency exchange, sending its shares up more than 3% after the bell.Digital assets rallied in July as crypto-friendly policies by U.S. President âŚ
Circle's USDC stablecoin is growing faster than Tether's USDT in onchain activity and market capitalization, driven by clearer regulatory frameworks and rising institutional adoption, according to JPMorgan analysts.USDC's market cap has climbed from about $43 billion in January to around $74 billionâŚ
Western Union has filed a U.S. trademark for "WUUSD," one day after unveiling plans to launch a stablecoin called USDPT on the Solana blockchain.The Oct. 29 filing, listed under serial number 99468604, covers downloadable cryptocurrency wallet software, stablecoin payment processing, trading, and exâŚ
Global payments giant Mastercard is reportedly in advanced acquisition talks to buy Chicago-based stablecoin infrastructure startup Zerohash.
Concerns that crypto stablecoins will harm US banks by cannibalizing banking deposits are ill-placed and donât consider the real-world uses of the tokens, according to Coinbase researchers.âThe âstablecoins will destroy bank lendingâ narrative ignores reality,â Coinbase policy chief Faryar Shirzad sâŚ