Stablecoin issuers and distributors offering customers access to stablecoin yield may essentially be creating their own parallel ecosystem to bank operations, global bank JPMorgan’s chief financial officer said Tuesday. “The creation of a parallel banking system that is sort of — has all the features of banking, including something that looks a lot like a
Regulated stablecoins, including USDC, may create a new layer of financial settlement, announced Circle in its latest report. Stablecoins may bring Internet innovation to money, similar to the upgrades in data, media, and other industries. USDC serves as the sound money layer of the internet, according to Circle’s latest report on stablecoins. The company, which
YZi Labs made a multi-eighth-figure (over $10 million) investment in Genius Trading last month. Along with the investment, it was announced that Binance co-founder CZ has also joined the venture as an advisor. Genius Trading, which previously raised $7 million in funding, is developing a decentralized trading terminal that prioritizes privacy. Genius Trading aims to
Key Takeaways Bitcoin surged past $93.5K after CPI came in at 2.7% YoY, matching forecasts. Monero hit a new ATH near $700, up 15% on the day and 50% on the week. Bitcoin surged past $93.5K on Tuesday, rebounding sharply from a Monday morning dip to $90K, as investors responded to fresh US inflation data
Key Takeaways CoinGecko is contemplating a potential sale approaching a valuation of $500 million. A sale would echo Binance’s $400M acquisition of CoinMarketCap in 2020. CoinGecko, a leading crypto market data aggregator, is reportedly exploring a potential sale valued around $500 million, according to a report from CoinDesk. The company has hired investment bank Moelis
Key Takeaways Upexi, a digital asset treasury firm centered on Solana, is increasing its SOL holdings by 12% through a $36 million deal with Hivemind Capital Partners. The transaction involves a convertible note for locked SOL tokens, slated for completion by January 14. Solana-focused treasury firm Upexi has entered into a securities purchase agreement with
Bitcoin climbed past $93,500 on Tuesday, gaining more than 2% in 24 hours, as investors responded to a mix of steady inflation data, political instability, and renewed interest in crypto as a macro hedge. The move follows a brief dip earlier, with BTC rebounding from weekend support levels around $91,000. U.S. Consumer Price Index (CPI)
The UAE, through its own governmental technology advancements and private entities regulated within the country, is exporting its know-how to countries across the globe. This time, it is with Georgia, which will use the experience of PRYPCO, the UAE PropTech and real estate tokenization platform, to create its own compliant framework for real estate tokenization.