Bitcoin remains stable near $111K, bolstered by growing stablecoin liquidity and positive sentiment among market participants, as buyers defend key support levels. Ethereum saw a slight decrease to $4,330, but overall investor confidence appears to be quietly building, marking a solid if cautious... ... Read full CryptMarket Analysis — 4-9-18
Christine Lagarde, president of the European Central Bank (ECB), is calling for policymakers to address gaps in stablecoin regulation, particularly for those issued beyond the “robust” Markets in Crypto-Assets (MiCA) framework in the European Union.In prepared remarks for the ninth annual conference…
Key takeaways: Power in crypto has shifted from traditional players to five forces driving onchain finance and control.These forces are stablecoins, ETFs, base-layer upgrades, blockspace security and high-throughput execution.Traditional gatekeepers like exchanges and regulators now play a lesser ro…
Japan was the first country to establish a regulatory framework for stablecoins. Yet, until now, it has taken a seemingly passive role in the technology, with no blockchain-based representation of its national currency, the yen. That may soon change. After years of quiet infrastructure development, …
Rain, a startup that issues Visa debit and credit cards, said Thursday it had raised $58 million in a Series B funding round led by Sapphire Ventures.Samsung's venture arm (Samsung Next), Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, and Norwest also participated, according to the state…
The cryptocurrency industry is abuzz with speculation after recent reports suggested China may soften its stance on a yuan-backed stablecoin, but law experts caution against overinterpreting the news.Reuters reported Wednesday that Beijing is considering approving a stablecoin pegged to the renminbi…
Bitcoin had a tough week, losing almost ten grand in the process, but more volatility is expected in the following hours and days after the Jackson Hole speech by US Fed Chair Jerome Powell.But first, let’s rewind the clocks to last Friday. During ourprevious weekly summary, the main narrative was e…
China appears to be weighing the launch of a yuan-backed stablecoin, with an initial rollout in Hong Kong and Shanghai, a surprising shift after years of cracking down on crypto while promoting its central bank digital currency, the digital yuan.In the latest episode of Byte-Sized Insight, Cointeleg…
Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media.South Korea’s state-funded Yonhap News Agency reported Thursday that representatives from Tether and Circle are scheduled to meet with the top ex…
Coinbase said on Thursday that World Liberty Financial's stablecoin, USD1, has been added to the company's "roadmap" — meaning the token linked to President Donald Trump could soon be listed by the crypto exchange."The launch of trading for these assets is contingent on market-making support, and su…
Ripple executives have placed digital asset custody at the heart of institutional adoption, unveiling a framework of four guiding principles for providers during a joint workshop with the Blockchain Association Singapore (BAS).The event also examined stablecoin use and security, reflecting growing m…
Bullish, a cryptocurrency exchange operator that counts billionaire Peter Thiel amongst its backers, said its U.S. initial public offering was priced above its indicated range at $37 per share.The offering raised $1.11 billion for Bullish, based on 30 million shares sold, valuing the company at $5.4…
Several US banking groups led by the Bank Policy Institute (BPI) urged regulators to close what they say is a loophole that could indirectly allow stablecoin issuers and their affiliates to pay interest or yields on stablecoins.In a Tuesday letter to Congress, BPI warned that a failure to close the …