Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in

Analysts believe Bitcoin’s on-chain fundamentals point to a 2017-style bull run 478 Total views 16 Total shares Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the…

The SEC's fintech wing invites innovators to network and weigh in on regulation in new online meetups. 1873 Total views 15 Total shares FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns."To facilitate ongoing communications, FinHub will host a series of…

Bitcoin and altcoins declined sharply in the first quarter in a selloff that was partly triggered by a shift in central bank policy. 302 Total views 30 Total shares Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility…

Around 30% of Base's users on Aug. 10 were new to the blockchain which launched only a day prior. 284 Total views 4 Total shares Daily active users on Coinbase's layer 2 blockchain have exceeded 100,000 for the first time, just the day following the official launch of the network.Dune Analytics figures from Aug. 10…

On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known outside of Taiwan as an avid collector of Bored Ape Yacht Club nonfungible tokens (NFTs)…

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.This week has been full of funding raises, innovations, service deployments and a bit of volatile technical price action — for a change.Axelar Network attains $1B valuation following secondary raiseThe Axelar Network announced the completion of a $35-million Series B funding round this week, elevating its…

The United States Securities and Exchange Commission (SEC) has registered Securitize, a digital securities platform backed by crypto exchange Coinbase, as a transfer agent, according to a press release published on Finextra on Aug. 21.Securitize — which claims to be the first transfer agent with a working blockchain protocol and active securities issuers registered with…

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar. 55 Total views 1 Total shares The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.On…

ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, buying another $19.9 million shares of Block Inc. right after buying $21 million in Coinbase stock.Wood’s latest buying spree comes despite the United States Securities and Exchange Commission this week suing two of the industry’s exchange heavyweights, Binance and Coinbase,…