Crypto News Roundup for Nov. 11, 2021

Expansion of the stablecoin market is bullish for the broader crypto ecosystem. BTC and ETH slid amid broad-based risk aversion on Wall Street. Stablecoins, which serve as a funding source for many crypto trading strategies, are experiencing growth after months of stagnation in a sign of renewed capital influx into the crypto market. The aggregate

With three full days of trading in the books as of the close of business on Tuesday, net inflows into the newly approved spot bitcoin exchange-traded funds appear to be about 21,000 bitcoin (BTC), or $894 million at the current price of $42,600.Of the new money, BlackRock's iShares Bitcoin Trust (IBIT) leads the way by

Russia is set to broaden its digital ruble pilot by starting real-world tests with 13 banks next week, the country's central bank announced Wednesday.President Vladimir Putin signed the digital ruble law in July, while the central bank's pilot for the CBDC has been a while in the making. Russia – heavily sanctioned by the U.S.…

Sep 15, 2020 at 12:56 UTCCrypto investors inverting the gold-price scale is starting to seem like the sane thing to do. (Pixabay, modified by CoinDesk)First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11KOne of the interesting things about cryptocurrency investors is that they really do look at the world very…

Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger, is introducing its own stablecoin pegged to the price of the U.S. dollar."The stablecoin market is over $150 billion today and is forecasted to exceed $2.8 trillion by 2028," Ripple said in a statement shared with CoinDesk. "There’s clear demand for stablecoins that deliver

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Alchemy Pay, a payments provider based in Singapore, has received $10 million in investment from market…

The prevailing narrative for the past several years around blockchain and digital assets has been that regulatory risk is the biggest threat to the industry, but that’s false.If the past two years have taught us anything, it’s that regulators will work at their own pace to sort rules and regulations; and we must continue to

Russian government officials must dispose of any digital asset holdings before April 1, a letter from the Ministry of Labor states.Jan 25, 2021 at 11:02 a.m. UTCRussian Public Officials Banned From Holding CryptocurrencyRussia’s Ministry of Labor has informed officials of federal and local government bodies that they are prohibited from owning cryptocurrency and must dispose…

The head of trading at Coinbase, Hunter Merghart, has resigned from the U.S. crypto exchange and wallet provider after just six months on the job, CoinDesk has learned. Merghart made the decision to leave the company last week and is now exploring other opportunities, according to people familiar with the situation. Coinbase declined to comment…