SEC approves first yield-bearing stablecoin security

Tether supply surges to $15 billion but it could still be a house of cards The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion.At the beginning of the year there was just over $4…

Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum. 440 Total views 2 Total shares Own this piece of history Collect this article as an NFTIn a “base case” scenario, Galaxy Digital's research unit has tipped the burgeoning…

Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing and the issuance of stablecoins. 686 Total views 10 Total shares The United States Federal Reserve is planning to address ambiguities that they feel are plaguing digital asset regulation in the…

Bitcoin (BTC) has been trying to break above the $27,500 resistance for the past week, but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an eventual U.S. default as the government struggles to get the debt limit increase approved in Congress. Still, some analysts and investors argue that the U.S.…

Monday, March 4 — crypto markets have slid today, with Bitcoin (BTC) having failed to hold the $3,800 price point. All of the top 20 coins by market cap are seeing major losses, according to CoinMarketCap.Market visualization from Coin360Bitcoin is trading at $3,760 at press time, down around 2.4 percent over the past 24 hours.…

Major global crypto exchange Huobi has launched a regulated over-the-counter (OTC) trading desk for institutional investors, according to a blog post on May 15.The new OTC crypto trading platform, Huobi OTC Desk, is fully regulated by the Gibraltar Financial Services Commission (FSC), and enables major fiat-to-crypto and crypto-to-crypto trading pairs.Unlike the existing Huobi’s OTC retail products,…

The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial transactions through a decentralized transactional system. Governments, however, demand transparency in financial transactions for legal concerns. This creates a paradox. People are less inclined to use financial instruments if, in doing so, they expose their…

Hash rate has never looked better, and appetite for accumulating has only grown since China's May mining crackdown. 588 Total views 21 Total shares Bitcoin (BTC) is about to hit a new all-time high in one essential area — and major mining pools have likely already clinched the title.Data from monitoring resource MiningPoolStats shows that,…

Bitcoin bulls struggle to push BTC price above $50,000 while ADA, MATIC and other large-cap altcoins realize double-digit gains. 1372 Total views 23 Total shares Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked…