Fed’s dovish move will slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
Related Posts
Nigerian stakeholders demand Binance reveal identity of bribe agent
SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.
UK Customs Service Postpones Blockchain-Driven Border Project Until After Brexit
Her Majesty's Revenue and Customs (HMRC) has delayed further work on a successful blockchain project in the wake of Brexit, according to a written parliamentary statement published Feb. 7.The question about the distributed ledger project for customs needs was raised in the Q&A section on the United Kingdom Parliament’s website. On Jan. 30, Member of…
Freeport clears SEC Reg A review for tokenized art offerings
It appears that the SEC has exempted NFT art tokenization from registration as security offerings. 600 Total views 58 Total shares Own this piece of history Collect this article as an NFTOn March 29, nonfungible token (NFT) startup Freeport announced it had passed a Regulation A review by the United States Securities and Exchange Commission…
Building a better stock market: Tokenized shares bridge trading gap on blockchain
The dramatic short squeeze of the stock of video game retailer GameStop this January was the moment when r/WallStreetBets finally transformed from a humble Reddit forum into a financial force that can no longer be ignored. But lost among the memes, trading app drama and hand-wringing over the sanctity of the stock market was one…
EU AI rules stifle innovation, Meta and Spotify CEOs warn
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
The BCH Question: How to Recover After $30M Hack and Mining Tax Row?
Each crypto token commands a small army of fierce supporters. For many, the sole cryptocurrency that is worthy of such staunch support is Bitcoin (BTC). But what truly is Bitcoin, what is its purpose, and how can it be fully optimized?The division among those trying to answer these questions led to the creation of Bitcoin…
How does zero-knowledge proof authentication help create a portable digital identity solution?
Web engineers have been working for a long time to determine if there is a way to prove something is true without revealing any data that substantiates the claim. Zero-knowledge proof (ZKP) technology has enabled the deployment of cryptographic algorithms for verifying the veracity of claims regarding the possession of data without unraveling it. These…
Mining BTC is harder than ever — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week firmly back in the “Uptober” spirit as the weekly close gives way to a classic short squeeze.In a return to classic BTC price volatility of the kind seen earlier in the month, the largest cryptocurrency is tackling $28,000 ahead of the first Wall Street open.While still in an established