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Bullish Crypto Market Overestimates Spot Bitcoin ETF Approval Benefits: JPMorgan

The bank says it is skeptical of both arguments. Instead of new capital entering the crypto sector, it is more likely that existing capital will move from current bitcoin products such as the Grayscale Bitcoin Trust (GBTC), bitcoin futures ETFs and listed mining companies, into the newly approved spot ETFS. Original

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Stablecoin Drawbacks in Cross-Border Use Outweigh Benefits, Payments Standard-Setter CPMI Says

The Committee on Payment and Market Infrastructures (CPMI), which sets norms for the sector for the Bank for International Settlements, said stablecoins could "open up opportunities" for cross-border transfers by speeding up transactions and lowering costs, as proponents claim, but potential drawbacks would probably outweigh the benefits. Source

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Fed Governor Bowman Says Benefits of U.S. Digital Dollar Is ‘Unclear’ But Risks Are Obvious

"We have seen a range of arguments in the public debate about issuing a CBDC, including addressing frictions within the payment system, promoting financial inclusion, and providing the public with access to safe central bank money," said Bowman, one of seven members of the Federal Reserve Board that oversees U.S.

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Bitcoin BTC Trading Volume at Binance Halves Amid SEC, DOJ Scrutiny; Coinbase (COIN) Benefits

“The ongoing DOJ and SEC cases vs. Binance may have dissuaded market makers from trading on Binance, explaining parts of the decline,” K33 Research senior analyst Vetle Lunde said. “Some market making has probably leaked to other exchanges, but it's still almost certain that Binance's woes negatively impact market volumes,”

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Colombian peso-backed stablecoin debuts on Polygon with yield benefits

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Num Finance launches nCOP, a Colombian Peso-pegged stablecoin on Polygon, offering users an 8% yield and promising a fresh take on remittances in Latin America. Num Finance, a Latin America-based stablecoins issuer, has introduced its latest stablecoin,

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