Regulation Clarity Will Bring on More Consumer Web3 Users, PepsiCo’s Executive Says

feature A year after China banned local fiat on-ramps for crypto exchanges, Chinese traders continue to drive the market forward by using the dollar-pegged stablecoin tether (USDT). “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless,” Dragonfly Capital Partners co-founder Alexander Pack told CoinDesk. Traders generally work around…

news Taylor Monahan, the CEO of crypto wallet startup MyCrypto, has been moderator for the ethereum subreddit channel since 2016. That year, the ethereum Reddit channel was just breaking over the 10,000 subscribers mark, according to SubRedditStats. Today, the same channel boasts over 400,000 subscribers and is ranked within the top 600 most popular channels…

Might Gary Gensler's political ambitions be standing in the way of a spot bitcoin (BTC) approval?Given how knowledgeable U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is about Bitcoin (BTC), it's hard to come up with a logical reason for his standing in the way of a spot ETF, said ARK Invest CEO Cathie

JPMorgan said that Lido’s share in staked ether has continued to fall, reducing concentration concerns.This has raised the chances that ether will not be designated as a security, the report said.Tokens on a sufficiently decentralized network are no longer considered securities.01:15Solana Passes Ethereum on DEX Volume02:09Bee Movie Script Buzzing on Ethereum; Robinhood Benefits From ‘Monster’

news A new analysis by Coinfirm shows the movement of the bitcoin stolen from Binance into various wallets. The hack, which netted 7,000 BTC, happened on May 7, 2019 at 17:15:24 UTC and the hackers have been moving stolen bitcoin from wallet to wallet. Now, however, Coinfirm has spotted some activity that suggests the hackers are moving their…

Defunct crypto lender Celsius has filed an updated bankruptcy plan to reflect a successful bid for assets by the Fahrenheit consortium.Fahrenheit, a consortium of buyers that includes venture capital firm Arrington Capital and miner US Bitcoin Corp, was announced as successful bidder in May, ousting an attempt by NovaWulf to claim the company whose assets…

The implied probability distribution is skewed to the left, suggesting expectations for price pullback. Shares in Trump media experienced a similar dynamic before the recent price slide. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April 2021 00:57 Is Bitcoin Losing Its Bullish Momentum? As bitcoin's (BTC) price struggles

news The New York State Senate has confirmed Linda Lacewell as new superintendent for the Department of Financial Services, the body responsible for regulating nearly 1,500 financial institutions with assets of more than $2.6 trillion and the cryptocurrency industry. Lacewell was nominated for the position by Governor Andrew Cuomo and previously served as chief of…

Oct 30, 2020 at 20:20 UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Tests $13.6K as DeFi Total Value Locked Dips Below $11BBitcoin capped the week weaker while DeFi crypto locked dipped.Bitcoin (BTC) trading around $13,354 as of 20:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours.Bitcoin’s 24-hour range: $13,191-$13,663BTC above its 10-day…