Crypto firms rally behind FIT21 bill approaching US House floor vote

General manager at the Bank for International Settlements (BIS) Agustin Carstens seems to have changed his negative stance towards central bank digital currencies (CBDCs), now stating that such currencies could open up new possibilities.In his speech entitled “The future of money and the payment system: what role for central banks?” published on Dec. 5, Carstens…

The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of Bitcoin (BTC) climbed to $37,500 briefly as stock markets staged a midday rally that recovered most of the losses from Jan. 24.Even with Jan. 25's recovery, global markets remain in a state of flux,…

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, cryptocurrency exchange Huobi Japan receives a $4.6 million investment, Bitcoin.com acquires blockchain startup O3 Labs, and Ripple CEO Garlinghouse criticizes the Softbank Group.Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan.Crypto exchange Huobi Japan secures…

After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States. 350 Total views 6 Total shares After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital…

NFT500 will be a subscription casting service that will put NFTs on physical display, allowing users to display their favorite digital art rather than buy it outright. 2102 Total views 11 Total shares Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused…

The blog post prompted participants of the platform to “trust code instead of corporations” in their pursuit of decentralization. 319 Total views 25 Total shares dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing their intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of…

Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor. 99 Total views 31 Total shares Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating…

Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions.