Yield-bearing Treasury-backed stablecoin USDY launches on Aptos
Stablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.
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BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining
The Bitcoin (BTC) mining ASIC manufacturing industry is expected to further consolidate due to tightened competition, geopolitical pressures and slower returns on investment after Bitcoin’s recent halving. In a new report from crypto derivatives exchange BitMEX, published June 15, researchers wrote they “think it is likely that only 2 to 3 players will survive into the…
BTC Tops $9,000, Recovery Leaves Stock Market in the Dust
Bitcoin just breached $9,000, boasting a staggering recovery that puts the stock market in the shade. 3155 Total views 55 Total shares Bitcoin (BTC) just broke past $9,000 at 3.30am UTC. The price recovery far outpaces the Dow Jones Industrial Average, or Dow, one of the mainstream market's key barometers. Since its bottom near $3,850 on…
Multichain $1.5B hack investigation, Shibarium eyes relaunch, Base, Optimism join hands: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The $1.5-billion Multichain hack has seen…
Main Barrier to CBDC Is Philosophy Not Tech, Says European Central Bank Rep
European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological. A number of countries such as China and Sweden are already experimenting with central bank digital currencies, which are also referred to as CBDCs. The implementation of this new type of money requires a number of aspects…
Coinbase finds flawed analysis in SEC's proposed exchange definition
In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again.
U.S. Consumer Protection Agency Recognizes XRP’s Potential in Remittance
A U.S. consumer protection agency shout outs Ripple and XRP cross-border settlements in a recent regulatory update. 1418 Total views 50 Total shares The U.S. Consumer Financial Protection Bureau (CFPB) has recognized the role of Ripple and XRP in cross-border transfers, a recent rule on remittance transfers shows.According to the May 11 paper, the CFPB…
QuickSwap founder: L2s are the path to mass adoption
As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain experience. Since…
Why is Cardano (ADA) price up today?
ADA price is up today as investors show excitement over Cardano’s upcoming hard fork.