Bitwise, currently the fourth-largest spot Bitcoin ETF issuer in the United States, with assets under management totaling $1.778 billion, has published a series of stunning predictions for the Bitcoin landscape leading up to the 2028 halving. These projections are not only grounded in past data and trends but also reflect …
Read More »
In a move highlighting the growing interest in the stablecoin market, Nick Van Eck, son of investment management veteran Jan Van Eck, is making a significant bet on cryptocurrencies through the family business. Agora, a startup co-founded by spot Bitcoin exchange-traded fund (ETF) manager firm VanEck, along with crypto veterans …
Read More »
It is well known that the highly anticipated decision by the US Securities and Exchange Commission (SEC) regarding Bitcoin ETF applications has attracted significant attention from investors and cryptocurrency enthusiasts. Speculation had mounted that the world’s largest asset managers’ ETF proposals would receive approval on Friday. However, reports now indicate …
Read More »
Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, …
Read More »
In addition to securing a new banking partner for its USDC stablecoin, Circle said that SBI will adopt its other business offerings, providing end-to-end development, deployment, and operations platforms for building and operating Web3 apps across blockchains. Circle Financial, one of the leading stablecoin issuers in the crypto industry and …
Read More »
Tether’s strong financial muscle and deep pockets will help it position strongly among other competitors in the Bitcoin mining space. In a major revelation, Tether chief executive Paolo Ardoino announced that the company is eyeing a move in the Bitcoin mining market. As per reports, the $87 billion stablecoin operator has …
Read More »
While the regulation of the stablecoin and crypto market is still uncertain in the United States, Republicans on the House Financial Services Committee on Monday unveiled a legislation draft focused on the regulation of the issuers for these digital assets. Stablecoin issuers are entities that create and distribute digital assets …
Read More »
BitMEX co-founder Arthur Hayes examines de-dollarization and its fiscal and political implications in an article titled ‘Exit Liquidity.’ Former BitMEX CEO Arthur Hayes recently aired his views on exit liquidity vis-à-vis the US dollar’s reserve currency status. In a Medium blog post, the American entrepreneur wrote exhaustively on whether the US dollar can …
Read More »
Circle CEO Jeremy Allaire to avoid wasting crypto following the collapse of some main mainstream banks, together with Silicon Valley Financial institution. Circle CEO Jeremy Allaire just lately disclosed that the USDC stablecoin issuer needs to avoid wasting crypto from fallen banks. In an interview, Allaire touched on the changes the peer-to-peer funds …
Read More »
Main trade KuCoin participated in a $10 million funding train for CNHC to help stablecoin adoption. KuCoin just lately led a $10 million funding initiative for offshore Chinese language yuan stablecoin issuer CNHC. This funding by the main crypto trade’s funding is a part of a broader scheme to help stablecoins. Along with …
Read More »
The funding arm of main cryptocurrency trade KuCoin is shifting to help new stablecoin initiatives by backing a Chinese language yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million funding into stablecoin issuer and blockchain-based cost service supplier often called CNHC. Asserting the information on March 16, KuCoin Ventures …
Read More »
Stablecoin issuer Circle disclosed late Friday that round $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Financial institution. This comes after the high-tech lender’s share value dropped precipitously in response to a run on deposits by nervous shoppers. Silicon Valley Financial institution crumbled on Friday morning, …
Read More »