(source: en.wikipedia.org)
As regulation moves from proposal to final rules, comment letters reveal where frictions and consensus are taking shape. The Tuesday (June 9) deadline is fast approaching for comments on the Federal Deposit Insurance Corporation (FDIC)’s proposed rule implementing portions of the GENIUS Act. The rule...
When assets are valuable, liabilities are too. And vice versa. That oversimplification is part of why it is so easy to forget what dollars are when they work. When consumers earn a dollar, deposit a dollar, spend a dollar and receive another dollar in return,...
A little-known segment of the cryptocurrency world is reportedly attracting attention amid a market downturn. “HYPE” exchange-traded funds (ETFs) have begun taking in new assets from investors even as the price of bitcoin falls, CNBC reported Saturday (June 6). Last month, the report said, Bitwise...
Meta announced in March it would begin offering stablecoin payouts to Colombian and Philippines-based creators. But Tim Joslyn, chief technology officer at Paymentology, argued in a CoinDesk opinion piece Saturday (June 6) that this was “not a complete payments experience” but “a faster way to...
Bitcoin dropped below $60,000 last week, its lowest price in two years. And against this backdrop, another downturn is happening across the larger cryptocurrency market, Bloomberg News reported Sunday (June 7), wiping out billions of dollars. The report cited a recent video from Charles Hoskinson,...
Cryptocurrency markets are bleeding again as bitcoin volatility returns. Digital asset treasury companies, playing the role of a canary in a coal mine, are suffering losses even steeper than the underlying tokens they were designed to leverage. Shares of several publicly traded bitcoin treasury companies...
The House Financial Services Committee’s latest oversight hearing on prudential regulators on Thursday (June 4) marked a turning point. Stablecoins, artificial intelligence and digital payments are moving from experimental subjects to supervisory priorities. Regulators also argued that examination frameworks must refocus on material financial risk...
Explore more conversations like this on From the Block. The crypto industry is splitting in two. On one side sit bitcoin, exchange-traded funds (ETFs), derivatives and speculative financial markets. On the other are stablecoins and blockchain platforms, which are gradually becoming embedded in the mechanics...
Mastercard, Stripe and Visa are among the backers of a stablecoin platform that will soon be introduced, CoinDesk reported Wednesday (June 3), citing unnamed sources. Coinbase is considering participating in the platform, the report said, citing one of the unnamed sources. The report included no...