FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

Any U.S. Securities and Exchange Commission (SEC) approval of a spot bitcoin exchange-traded fund (ETF) will not be a game changer for crypto markets for a number of reasons, JPMorgan (JPM) said in a research report Thursday.While the SEC has yet to approve such an ETF – despite receiving numerous applications – there is now…

Bitcoin's Tether-denominated price on BitMEX, represented by the XBT/USDT pair, crashed to $8,900 late Monday.BitMEX said on X that it is investigating the large sell orders that caused the flash crash.Yes, you read the title right. Late Monday, bitcoin (BTC) suffered a brief crash to as low as $8,900 on cryptocurrency exchange BitMEX, while prices

Cryptocurrency traders suffered $1 billion of losses in liquidations over the past 24 hours, according to Coinglass data, as digital-asset markets suffered one of their worst sell-offs of the year and bitcoin's price fell to a two-month low.Bitcoin, the largest and original cryptocurrency, tumbled 7% to about $26,900, after earlier in the day dropping close…

news Coinbase is putting money to work as part of a bid to grow the decentralized finance (DeFi) ecosystem. Announced Tuesday, the US cryptocurrency exchange is investing 1 million USDC each in lending protocols Compound and dYdX. Called the “USDC Bootstrap Fund,” Coinbase says the new fund will support developers by “investing USDC directly in the…

Fidelity’s Wise Origin Bitcoin Fund (FBTC) has seen the fifth most inflows out of all exchange-traded funds (ETFs) so far this year.The fund attracted roughly $6.9 billion since its launch on Jan. 12.Fidelity’s Wise Origin Bitcoin Fund (FBTC) is the fifth most popular exchange-traded fund (ETF) on the market right now, attracting roughly $6.9 billion

Oct 15, 2020 at 20:06 UTCUpdated Oct 15, 2020 at 20:44 UTCNearly 2,000 Robinhood Markets accounts were hacked in a recent series of attacks that stole customer funds, an indication the infiltration was more pervasive than previously believed, Bloomberg reported, citing a person with knowledge of an internal review. According to the company's statement at…

The U.K. launched a consultation on its plans to implement the Organization for Economic Co-operation and Development's (OECD) crypto reporting framework on Wednesday following its spring budget speech.The Treasury, the government's finance arm, projected in its budget that implementing the crypto reporting framework could draw in £35 million ($45 million) between 2026 and 2027 and

Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the…