Circle launches euro-backed EURC on Base, enabling layer-2 forex trades

Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. 297 Total views 21 Total shares There are technical limits to even the most technologically ambitious of central banks.So says Sky Guo, CEO of Cypherium —…

"The Market Report" with Cointelegraph kicked off at 4:00 pm UTC on Thursday. Find out what our analysts think about the BTC bull market and where we could be headed in the short- to medium-term. 2035 Total views 41 Total shares Following an impressive run, the price of Bitcoin (BTC) firmly rejected $50,000 this week,…

Ether's (ETH) 330% year-to-date gain has been largely fueled by the growth of decentralized finance and the explosion of non-fungible tokens. Proof of this comes from OpenSea, the largest NFT marketplace, surpassing the impressive mark of $10 billion in accumulated trading volume.However, traders worry that the 15% correction that followed the $4,870 all-time high on…

Bitcoin (BTC) delivered its best weekly performance in over two months, climbing 4.24% to an intra-day high at $88,804. BTC also reclaimed a bullish stance on the charts, closing above the daily chart’s 200-day exponential moving average (EMA). Bitcoin 1-day chart. Source: Cointelegraph/TradingView With a weekly close above $84,600, the likelihood of BTC testing $90,000

The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire. The Financial Crimes Enforcement Network, or FinCEN, has recruited Michele Korver, formerly of the United States Department of Justice, to serve as the agency’s first chief digital currency advisor.In her role, Korver will be tasked…

"We're looking to support teams building innovative open-source infrastructure that can accelerate the blockchain gaming space and foster collaboration," wrote Game7 in its FAQ. 351 Total views 3 Total shares On November 28, blockchain gaming accelerator Game7 announced that it would allocate $100 million in open-source technology grants to upcoming Web 3.0 startups. As told…

While Bitcoin critics claim this means that BTC is losing its first-mover competitive advantage, others are anticipating the “altcoin season” is just around the corner, or might even be already underway. 1692 Total views 14 Total shares Bitcoin’s market dominance has continued to fall, bottoming out below 40% this week. That’s very close to the…

The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling. 62 Total views 1 Total shares Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the…