Bitcoin’s price has stabilized around $41,000 following a significant leverage flush and the largest daily drawdown since mid-August. As crypto traders digest these developments, they are closely watching the last U.S. interest rate decision of the year, which is scheduled for Wednesday. …
A senior official in Montenegro is reportedly planning to extradite Do Kwon, the creator of terraUSD (UST) stablecoin and Luna (LUNA) token, to the United States to face criminal charges related to the collapse of these digital assets. According to The Wall …
The Bank of England has expressed concern over the potential risks to financial stability that could arise from the growth of asset tokenization, particularly in relation to unbacked cryptocurrencies and stablecoins. In its Financial Stability report, the central bank noted that banks …
Jack Dorsey’s fintech company Block has announced the launch of its self-custody bitcoin wallet Bitkey, which is now available for pre-order in over 95 countries. Bitkey is a comprehensive solution that consists of a mobile app, hardware device, and a set of …
The Basel Committee, a prominent global standard-setter for banks, has announced its intention to seek public input on potential revisions to its classification criteria for stablecoins. This news comes in the wake of the committee’s review of elements of the prudential standard …
Blockchain infrastructure company Blocknative has announced the release of a new tool called ethernow.xyz, designed to examine the “mempool” of pending transactions awaiting processing on the Ethereum network. This tool aims to reduce instances of block-level manipulation and protect users from front-running …
Solana’s fastest-growing decentralized finance protocol, Kamino Finance, is set to launch a points program that could pave the way for a future token airdrop. The news comes as Solana’s native token, SOL, has seen a significant surge in value, more than tripling …
Bitcoin prices experienced a surge of approximately 4.5% in Asian morning hours on Monday amidst optimistic speculation that a Bitcoin exchange-traded fund (ETF) could potentially be approved in the following months. This surge is seen as a continuation of the market’s reaction …
the global reserve currency and ensure that the United States remains at the forefront of financial innovation. In order to fully understand the importance of stablecoin legislation, it is necessary to recognize the transformative potential of digital currencies. Digital dollars, in the …
The ongoing criminal trial of Sam Bankman-Fried, the disgraced founder of FTX, has captured the attention of many in the crypto industry, with some crypto journalists speculating that this could be the last great crypto trial. The implosion of FTX and the …