The Federal Reserve is making it clear that Bitcoin crypto is going to be part of the financial system that needs clear rules and sound oversight. There is a shift away from special supervisory programs and toward treating crypto like any other banking activity. The Novel Activities Supervision Program has been folded into standard oversight.
The new partnership between BTC Core and Hex Trust creates a shift in how institutions can approach Bitcoin. For years, Bitcoin was largely treated as “digital gold,” a store of value that sat idle in custody. This move toward Institutional Staking across the Asia Pacific and the Middle East changes that narrative, offering a way
Bitcoin fell below $113,000, hitting a 17-day low, and retail crypto investors were also bearish. At this point, analysts at cryptocurrency analysis platform Santiment said that retail investors are going with the market flow after Bitcoin failed to recover and fell below $113,000. Over the past 24 hours, retail investors have displayed their worst bearish
The “great wealth transfer” is underway, and it could be one of the biggest drivers of crypto adoption in history, crypto friendly Xapo Bank said in a report Wednesday. Over the next decade, trillions of dollars will move from baby boomers to younger heirs. In the U.S. alone, an estimated $10.6 trillion will change hands
Federal Reserve Vice Chair for Supervision Michelle Bowman has called for banks to embrace blockchain technology or risk losing relevance. At the Wyoming Blockchain Symposium on Aug. 19, Bowman emphasized that regulators and banks must adopt a more proactive approach to the crypto industry. She pointed out that integrating these new innovative technologies would be
The crypto market is experiencing extreme volatility, with Bitcoin (BTC) being down 6% on the weekly chart and whales dumping around $3.45 billion worth of the cryptocurrency over the same period. While these so-called bear traps are typically indicative of long-term bull cycles, it is still far from clear where the digital hedge is going
BitMEX co-founder Arthur Hayes has once again captured the attention of the crypto world with his recent, significant moves. His latest spree highlights a remarkable focus on the Ethereum ecosystem, signaling a strategic direction that many investors are keen to understand. These notable Arthur Hayes crypto investments offer a fascinating glimpse into the mind of
A major shift is on the horizon for the financial world, according to a recent analysis from investment banking giant Goldman Sachs. They foresee remarkable USDC growth, projecting that this leading stablecoin could expand by a staggering 40% annually. This optimistic outlook highlights the transformative potential stablecoins hold for global financial infrastructure, moving beyond just
China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, according to Reuters. This would be the first time the country allows any form of stablecoin tied to its national currency. The decision is expected to be reviewed by the State Council, the highest administrative body in