TradFi stablecoins will find it hard to win market share — Bitwise CIO
The BofA stablecoin news triggered mixed reactions from the community. Many saw it as a good sign for crypto, while others called it “CBDCish.”
Related Posts


EU officials want all AI-generated content to be labeled
European Commission Vice President, Vera Jourova, said that companies deploying generative AI tools with the potential to spread disinformation should be publicly labeled. 301 Total views 8 Total shares Officials in the European Union have discussed additional measures that would make artificial intelligence (AI) tools, such as OpenAI’s ChatGPT, more transparent to the public.On June…

People don’t want a ‘non-uniform currency’ like Bitcoin, says Fed president
"It's going to be a dollar economy as far as the eye can see," said James Bullard. 2802 Total views 12 Total shares James Bullard, president of the Federal Reserve Bank of St. Louis, seemingly doesn’t understand why many are looking to cryptocurrency as a medium of exchange instead of a uniform currency like the…

Zombies not welcome: Original altcoins lose ground to DeFi newcomers
Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of 65.71% for…

Major Lobbyists in DC See a Shift in Regulatory Tone Towards Crypto Since Pandemic
Despite continuing education gaps, the heads of several crypto-focused trade associations confirmed that lawmakers are paying more attention than ever to the industry. 1070 Total views 22 Total shares Speaking with Circle’s Jeremy Allaire on July 16, several key figures in lobbying on behalf of crypto and blockchain in Washington, D.C. spoke to a major…

Binance beefs up compliance team by 34% to 645 full-timers
Binance promised at least 200 new compliance staffers and it will have that by yearend.

UK prime minister announces departure following mass resignations
Many outlets have reported Rishi Sunak could be one of the possible replacements for Boris Johnson, suggesting that crypto regulations could be central to the government’s agenda. 343 Total views 5 Total shares Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of…

Crypto exchange refuses to name names for Belarusian government
Kuna’s founder stated that the exchange does "not support violence" or "engage in dialogue with opponents." Ukraine-based crypto exchange Kuna.io is refusing to provide personal information about individuals who could potentially be labeled as dissidents by the government of Belarus.According to an Oct. 5 Facebook post from Belarus Solidary Foundation, or BYSOL, founder Andrej Stryzhak,…

Election tally: Does blockchain beat the ballot box?
In October, Greenland was reported to be exploring the feasibility of an online voting platform for its national elections. Among the options being considered is a blockchain-based system. That isn’t entirely surprising. Electronic voting, or e-voting, has long been viewed as a promising use case for blockchain technology. “It’s time for online voting,” wrote Alex Tapscott…