Many are quick to flock to stablecoins for their ability to de-risk cryptocurrency positions. A stablecoin can be pegged to any perceivably stable asset, for instance, a digital asset like Bitcoin (BTC) or a fiat currency like the US dollar. In theory, if a digital asset was pegged to the US dollar, $100 worth of the digital currency should mean…
The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commissions lack of opposition to the launch of the first-ever Bitcoin (BTC) exchange-traded funds, which tookeight long years to materialize. While the first ETFs are tracking CME-traded Bitcoin futures rather than the assets spot price, the crypto space is already anticipating…
Bitcoins (BTC) recent rally has finally broken through to reach widely anticipated new all-time highs. With September being left behind and Uptober delivering on high hopes, many analysts are increasingly confident that the year will play out in the same way as 2017. In fact, a recent tweet from crypto analyst TechDev shows just how closely the price chart for…
Financial services giant Mastercard is set to announce that the thousands of banks and millions of merchants on its payments network will soon be able to integrate crypto into its products, according to a report by CNBC. To do so, Mastercard is partnering with digital asset firm Bakkt, which will provide custody services for the merchants and institutions who sign…
The emerging decentralized finance (DeFi) industry is one of the most innovative areas in crypto, according to the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. But that doesn’t mean it can evade regulation, he added. Speaking at the Yahoo Finances All Markets Summit on Monday, Gensler said that while Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was pressing…
Beginning Monday, BitGo will offer institutional token holders the ability to earn Bitcoin rewards through the Stacks token, which is also known as STX. Through a process known as Stacking, STX token holders can earn BTC rewards directly in their wallets. Unlike other yield-earning services, BTC rewards generated through Stacking are not based on a lending auction, which means STX…
The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change. While Yellen said that U.S. senator Ron Wyden (D., Ore.) was working on drafting the plan, a…
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, has admitted he doesnt fully understand the appeal of the non-fungible token (NFT) market. That’s not due to any flaw in the technology, though; Bankman-Fried noted that he struggles to grasp the “visual aesthetics” of artwork in general. “I personally dont understand the appeal of a Rembrandt painting,” he told Axios earlier today.…
HapeBeast hitting the headlines Three-dimensional nonfungible token (NFT) project HapeBeast is garnering notable attention on social media following the release of a highly-professional teaser video for their upcoming ape-themed profile picture project. Created by the founder of Digimental Studio London, Digimental, the project encompasses 8,000 unique aesthetic depictions of digital ape avatars. Having operated for a number of years, the…
Mastercard is said to be planning to allow any bank or merchant on its vast network to accept Bitcoin and offer Bitcoin and Bitcoin rewards. According to a new report from CNBC, Mastercard is partnering with Bitcoin and crypto wallet provider Bakkt, which will offer Bitcoin custodial services to merchants that sign up, executives at Mastercard and Bakkt said. There…
