If lawmakers ultimately ban stablecoin rewards under the proposed CLARITY Act, Coinbase (COIN) could lose one tool it uses to attract users to hold digital dollars on its platform — though analysts say the impact on the exchange’s business may be limited. As lawmakers debate the future of stablecoin regulation in Washington, one unresolved question
Samson Mow, CEO of Jan3, a Bitcoin-focused technology company, made statements that sparked debate in the cryptocurrency market. Mow argued that Ethereum is incapable of fulfilling the function of “money,” while Bitcoin successfully takes on this role. Commenting on the issue via the social media platform X, Mow pointed out that the Ethereum Foundation occasionally
Bitcoin price erased all of its gains from this week as it crashed to a critical support level amid hotter-than-expected PPI data and Jerome Powell’s Federal Reserve speech that cast a shadow over any interest rate cuts for this year. Summary Bitcoin fell over 5% to test the $70,000 support after hotter-than-expected U.S. PPI data
Regulated, on-chain asset management moves forward as amundi tokenized fund SAFO, backed by Chainlink, targets institutional use. Europe’s biggest asset manager is pushing deeper into blockchain with an Amundi tokenized fund that aims to bring traditional finance on-chain in a regulated way. Amundi and Spiko unveil SAFO with $100 million in assets Amundi, Europe’s largest
On Thursday, the Bank of Japan decided not to raise interest rates, choosing to leave its monetary policy unchanged due to the war America and Israel started in the Middle East. Investors are always scared for the BOJ to hike interest rates, thanks to the fateful day of August 5, 2024. So them holding off
Bitcoin price slipped to $70,197 on Thursday, marking a 5.28% decline after a brief market correction. The pullback followed the Federal Reserve’s decision to keep interest rates unchanged for a second straight meeting. Investors responded sensitively to non-indications of an increased number of rate cuts in 2026.
The European Central Bank (ECB) is seeking industry experts to contribute to workstreams focused on how the digital euro central bank digital currency would function across ATMs, payment terminals and acceptance infrastructure. In an announcement published Wednesday, the ECB opened applications for two workstreams under its Rulebook Development Group (RDG), covering implementation specifications for ATM
The US Federal Reserve (FED) kept interest rates unchanged last night, as expected. However, in verbal remarks following the FED decision, FED Chairman Jerome Powell signaled that policymakers will remain cautious about interest rate cuts as long as inflationary pressures persist. Powell, indicating the possibility of a two-pronged approach regarding interest rates, stated that the
The US Federal Reserve (FED) kept interest rates unchanged last night, as expected. Following the FED decision, FED Chairman Jerome Powell, in verbal remarks, hinted at the possibility of a two-pronged approach to interest rates. Powell stated that the possibility of raising interest rates was also discussed at the last meeting, but added that it
While Bitcoin (BTC) and altcoins have yet to experience the strong rally they were hoping for, institutional investors expect a rise in the coming months. In a joint survey conducted by Coinbase and EY-Parthenon, the majority of participants stated that they expect cryptocurrency prices to rise in the next 12 months. According to a survey