Search results: coins

Lightning Labs raised $70 million in series B funding to build a stablecoin and asset protocol on the Bitcoin network. See related article: Will the growing regulatory heat on stablecoins stifle innovation? Fast facts Investors include Valor, Baillie Gifford, Goldcrest, Kingsway, Stillmark, Brevan Howard, NYDIG, and others. Elizabeth Stark, co-founder and CEO of Lightning Labs, […]

The U.K. has released a detailed plan to regulate stablecoins as payments along with an intention to create a blockchain sandbox to mark Her Majesty’s entry into the “crypto hub” race. See related article: UK regulator may cancel Eqonex’s registration over Binance, Bifinity ties Fast facts The government plans to amend the Banking Act 2009 […]

Stablecoins are taking the world by storm and it’s the US dollar that outweighs any other fiat-backed cryptocurrency. What are the reasons for the greenback’s dominance?

Investors believe Bitcoin will stand its ground this year but in the altcoins world, some rising stars are brimming with potential.

The rapidly growing crypto market could pose a threat to global financial stability, according to a Financial Stability Board (FSB) report published on Wednesday. Fast facts The FSB, an international body that monitors and makes recommendations about the global financial system, identified vulnerabilities related to unbacked assets such as Bitcoin, stablecoins such as USDT and […]

As stablecoins face pressure to adopt traditional safeguards, the industry’s efforts to self-regulate should not be overlooked, writes Charlie Martin of Gro.

Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.

Palau will issue a stablecoin to support plans for a digital overhaul of its economy, according to its president. Fast facts President Surangel S. Whipps, Jr. said the Pacific archipelago was also working on establishing a crypto exchange, a corporate registry and digital wallets for each resident in its digital revamp. Palau is planning a […]

Crypto finance platform XLD Finance wants to enable users to spend GameFi tokens and stablecoins to pay for real-world goods and services. Fast facts The company has launched its first project, xSpend, which allows users from Bangladesh, India, Indonesia, Malaysia and the Philippines to purchase mobile prepaid credits on the platform using GameFi tokens and stablecoins. Users may also pay Philippine-based […]

Federal regulators have turned their sights on stablecoins. But is the attempt to tame this digital currency too late?

Conversation between current and former SEC chairs at annual digital asset compliance summit focused on regulating crypto.

Singapore-based crypto exchange Coinstore has entered the Indian market despite the regulatory wrangle that points toward an impending ban on all private cryptocurrencies, the company announced today. Fast facts Coinstore has launched its website and mobile application for Indian users and plans to set up offices in Bangalore, Delhi, and Mumbai that will support its […]

Before the crypto-enthusiastic mayor-elect has been sworn in, a grassroots effort announces it will launch a Bitcoin-backed token to support the city.

The highly awaited report outlines recommendations for stablecoin regulation and asks regulatory bodies to combat risks until Congress introduces new laws.

Stablecoins and central bank digital currencies (CBDCs) may not live up to their promise of increasing financial inclusion and improving cross-border payments in emerging markets, according to a new report by the Bank for International Settlements. Fast facts According to the report, the most important contribution of stablecoins is that they have drawn attention to […]

U.S. Securities and Exchange Commission chair Gary Gensler has reiterated over time that most stablecoins are securities and should, therefore, fall under the purview of the securities watchdog. Now, Gensler is one step closer to achieving his aim of regulating stablecoins. Fast facts The U.S. Treasury Department and other agencies are putting together a report […]

In another sign of increased adoption of the world’s leading cryptocurrency, Walmart has installed 200 Bitcoin ATMs in stores across the U.S. in a partnership between Coinstar and Coinme, according to reporting from Reuters. Fast facts The pilot program involves Coinstar, best known for its machines that allow customers to exchange U.S. coins for paper […]

Ethereum prices surged to new heights ahead of next week’s Altair Beacon Chain upgrade but then pulled back. How do crypto experts make sense of it?

In this special Q&A, industry leaders tell Forkast.News why global stablecoin regulations can help catalyze crypto adoption.

Coinbase and Binance move to diversify meanwhile Stablecoins under scrutiny

Coinswitch Kuber becomes unicorn meanwhile Australians reminded over crypto tax

The Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) today published a joint report proposing that international standards for payment, clearing and settlement systems should be applied to “systemically important stablecoin arrangements.” Fast facts The BIS, CPMI and IOSCO report comes amid the […]

Bitcoin investment products saw inflows of US$69 million last week amid improving investor sentiment, according to digital assets fund manager CoinShares. Fast facts “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors and more accommodative statements from the U.S. Securities [and] Exchange Commission and the Federal […]

Stablecoins combine the portability of crypto with the price stability of fiat currencies. But are they all that stable?

Cryptocurrency investment products saw inflows of US$95 million last week, with total inflows over the past six weeks of US$320 million, according to digital assets fund manager CoinShares. Fast facts “The continued inflows suggest the recent headwinds for digital assets, such as the widened China ban, were seen as buying opportunities for investors,” wrote CoinShares […]

AVAX and SHIB outperform Bitcoin, which gained in price but shied from the $50K mark.

The U.S. Treasury is preparing a raft of recommendations for stricter oversight of Tether and other stablecoins, as unnamed insiders say the department has identified the greatest risks posed by the tokens, according to a recent Bloomberg report. Fast facts Making sure investors are able to transfer money in and out of tokens is a […]

In his testimony before the Senate Banking Committee, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said that Coinbase lists “dozens of tokens that may be securities.” Fast facts In response to Senator Pat Toomey’s questions about whether cryptocurrencies classify as securities, Gensler said “very many” of the cryptocurrencies, including stablecoins, are in […]

A few altcoins managed to stand out coming into the working week as Solana’s tear comes to an end.

The platform reports more users than WazirX and CoinDCX, and aims to make crypto trading as easy as ordering food online.

In the first eight months of 2021, the fledgling but fast-growing cryptocurrency industry saw almost as many companies come to market as 2019 and 2020 combined, according to the “The Arrival of Cryptocurrency Stocks” report published this month by CoinShares Research. Fast facts As of August 20201, there were 57 publicly listed cryptocurrency pure play […]

Donkey, launched Sept. 1, aims to become a DeFi service that brings more South Korean investors into decentralized finance by making their favorite cryptos more scalable and available. Fast facts Donkey is a virtual asset deposit and lending protocol that runs on the Ethereum blockchain where anyone can deposit crypto as collateral and borrow other […]

Cryptocurrency investment products saw a second consecutive week of inflows of US$24 million last week, despite the eighth consecutive week of outflows from Bitcoin of US$3.8 million, according to CoinShares, Europe’s largest digital assets fund manager. Fast facts Total digital assets under management (AUM) across all digital asset fund providers last week stood at US$56.86 […]

After six consecutive weeks of outflows, institutional sentiment for digital assets is turning, with net inflows of US$21 million last week, according to CoinShares, Europe’s largest digital assets fund manager. Fast facts Total assets under management (AUM) across all digital asset fund providers rose to US$57.3 billion, the highest since mid-May, driven by the recent […]

Notwithstanding Iron Finance’s collapse, stablecoins can play important roles for consumers and the economy, writes Julian Hosp of Cake DeFi.

A revealing feature article on the hidden world of “hypecoins” was published by the New York Times yesterday, in which journalist David Segal recounted the process of creating and then selling his own hypecoin, which he called IdoitCoin. Fast facts Hypecoins, otherwise known as memecoins, are tokens with little or no intrinsic value, created only […]

San Francisco-based payments technology company Ripple has partnered with SBI Remit, Japan’s largest money transfer provider, mobile payments service Coins.ph and digital asset exchange platform SBI VC Trade to use XRP for remittances between Japan and the Philippines, according to a company statement. Fast facts The partnership — Ripple’s first on-demand liquidity service implementation in […]

For the third consecutive week, digital asset investment products last week saw outflows — this time, to the tune of US$28 million, according to CoinShares, Europe’s largest digital assets fund manager. Bitcoin saw the majority of outflows, but multi-asset investment products remained positive with inflows of US$3.1 million. Fast facts Bitcoin investment products saw US$24 […]

Hinting at a potential future crackdown on stablecoins, Gary Gensler — the chair of the U.S. Securities and Exchange Commission — told the American Bar Association this week that cryptocurrencies whose prices are based on traditional assets could be subject to securities law enforcement. Fast facts Gensler’s remarks followed those of U.S. Treasury Secretary Janet […]

U.S. Treasury Secretary Janet Yellen says that the United States needs “to act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. Fast facts Yellen made her comments at a Meeting of the President’s Working Group on Financial Markets, held on July 19. According to a readout of the meeting, […]

As issuer Circle prepares to list and China sounds the alarm over speculation, the mood among regulators is mixed, despite stablecoins’ clear appeal to investors.

Warning comes as Beijing ramps up efforts to internationalize China’s currency through launch of digital yuan.

CoinShares, Europe’s largest digital asset investment firm, today announced that is acquiring Elwood Technologies’ Exchange Traded Fund Index Business and its equity research unit in a US$17 million equity swap. Fast facts The deal will see CoinShares adding over US$1 billion in assets under management through the Invesco Elwood Global Blockchain Equity UCITS ETF, which […]

Ethereum is bearing the brunt of negative sentiment on crypto, with net outflows from institutional products related to the token hitting a record of US$50 million last week.

Bitcoin is in its sixth consecutive week of institutional outflows, with US$89 million exiting the coin, according to a weekly fund flows report.

European digital asset manager CoinShares hasannounced a partnership with German financial news portal Finanzen.net to bring crypto exchange traded products to investors with no trading fees.

Ninety-three percent of millennial current or former cryptocurrency holders in the U.S. would consider using their digital coins for everyday purchases, according to a recent survey.

CoinShares has announced that its Bitcoin, Ethereum and Litecoin physically-backed exchange traded products have cross-listed on Germany’s Börse Xetra exchange.

Tax season is here and the ATO wants to make sure Aussies pay their taxes for crypto earnings. Also, Privacy coins have surged over the past weeks.

Amid declines in Bitcoin and Ethereum, Cardano and its native cryptocurrency ADA saw US$10 million inflows as institutional investors switch to proof-of-stake coins.

As the crypto sell-off continued over the weekend, Bitcoin once again proved its resilience relative to other cryptocurrencies in not bleeding as much.

Bitcoin and altcoin prices take heavy hits and sell-off deepens as more bad news, including a blatant DeFi exit scam, continue battering crypto markets.

XRP’s price has slumped almost 7% in the past 24 hours after a so-called whale transferred US$93 million of the cryptocurrency to an unknown wallet on May 18, according to blockchain analytics platform WhaleAlert.

Bitcoin ATM provider Coinsource is expanding in Alaska after receiving the state’s first and only Alaska Money Transmitter License. Coinsource joins four other operators of Bitcoin ATMs — known as BTMs — in Alaska, none of which have such a license. The Alaska Division of Banking and Securities license provides a guarantee that money transmitters […]

Crypto veterans are appalled by the sudden popularity of $hitcoins like DOGE and SHIB. But others say memecoins are making investing more accessible.

Binance’s BUSD and Huobi’s HUSD dominated their stablecoin rivals in the first three months of this year. Why is Asia hungry for alternatives to fiat?

XRP joins the growing list of cryptocurrencies now available as exchange traded products (ETP). What does this mean for crypto investors?

Bitcoin booms to new all-time highs but Asian retail investors are wooed by higher gains in altcoins while Binance tokenizes Coinbase.

Other top blockchain and crypto news: Japan’s SBI Crypto opens mining pool to public. In China, more companies turn to crypto to boost bottom line.

Thailand’s central bank says it is ‘open’ to considering stablecoins but declares Terra’s THT to be illegal. What does this mean for Tether or USD Coin?

Despite recent bitcoin and ether price drops, crypto giants Coinbase and CoinShares are betting that investment in digital assets will continue to grow.

ConsenSys Codefi’s 4Q 2020 report on DeFi trends also predicts more ‘wrapped’ tokens, tranche lending products and Ethereum 2.0 derivatives in 2021.

In this edition of Forkast Forecasts, the bestselling author offers his views on crypto regulations, DeFi’s rise and digital assets becoming mainstream.

Are American lawmakers going after Facebook’s Libra, now called Diem? Controversial Tether may be the real target of new stablecoin-restraining bill.

Other top blockchain and cryptocurrency news: After BitMEX, are more CFTC crackdowns coming soon? China frees OKEx founder, exchange to resume services.

“What is a coin?” Lawyers who work in the digital assets space have become very familiar with multiple variations of that question over the last few years. “It depends” is the answer with which issuers have become equally familiar.   There is much legal confusion about the exact nature of a coin or token. This […]

I Sold My Soul in Bitcoins, by Jake Adelstein Prologue I sold My Soul in Bitcoins, by Jake AdelsteinBefore the police knocked on the door, they called, and a week before they called, they politely leaked to the Japanese press that they would be arresting Mark Karpeles, the former CEO of failed bitcoin exchange, Mt. […]

April sees a slight rise in US unemployment to 3.9% as Bitcoin’s value rebounds.

Stablecoin leader Tether’s Q1 earnings soar to $4.52 billion, buoyed by US Treasury and Bitcoin.

Bitcoin dropped to as low as US$56,600 as Fed holds interest rates.

Cryptocurrency figure Roger Ver faces extradition to the U.S. on tax evasion and fraud charges.

Stablecoin issuer Tether has expanded to The Open Network with its USDT and gold-backed XAUT tokens, aiming to enhance liquidity.