Cryptocurrency Analysis and News Portal
Hello. A late night interpretative letter from the Office of the Comptroller of the Currency (OCC), the U.S.’ federal banking regulator, saying banks can act as stablecoin nodes was the juice needed to push bitcoin out of the doldrums. JPMorgan analysts see a future where 1 BTC could trade hands
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Bitcoin topped $34,000 for the first time this weekend and has since seen a double-digital correction in price. The cryptocurrency’s most recent rally came as the Bitcoin network celebrated its 12th Genesis Block day, on Jan. 3 – the anniversary of when the first bitcoin block was mined in 2009.Top
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Happy Monday. Or maybe not so happy, if you were depending on Google for your job. Here are our top stories today….Top shelfThe Amazon of DeFi?That’s what Yearn Finance is rapidly becoming as a result of acquisitions and partnerships, CryptoX’s Brady Dale suggests in a big-picture analysis this morning. If
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There are more bitcoin “whales” than ever, and new data shows how they drive market movements. MassMutual is the latest legacy institution to buy into bitcoin. And the number of Ethereum developers is growing at a breathless pace.Top shelfWhales and krillNew data from OKEx and Kaiko suggests that bitcoin “whales”
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U.S. lawmakers are asking the nation’s financial guardians to clarify custodianship questions. France is looking to eliminate anonymity in the crypto sector. And an exposé into how FinCEN became a honeypot for personal information. Top shelfBanking playPaxos is making moves to become a federally regulated bank in the U.S., according to
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Bitso raised $62 million to expand its Latin American footprint. One of the world’s oldest banks will issue a euro stablecoin on the Stellar blockchain. Elliptic, a blockchain analytics firm, found 13% of the proceeds from crime involving bitcoin travel through “privacy wallets.”Top shelfCornered market?Latin American crypto exchange Bitso has
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Square will invest in environmentally conscious bitcoin tech. Spain’s second-largest bank is reportedly planning a leap into the digital asset industry. And large crypto funds topped a combined $15 billion AUM, as markets trade sideways. Top shelfGreening the orangecoinSquare has announced the launch of a Bitcoin Clean Energy Investment Initiative, where
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Singapore is funding blockchain R&D. Germany’s second-largest stock exchange’s crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of “Ethereum-first” institutional buyers. Top shelfEthereum investorsThere’s a growing class of institutional buyers interested in gaining exposure to ether, Ethereum’s native currency, at Grayscale, said the
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Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted. Top shelfForced burnRipple Chief Technology Officer David Schwartz tweeted the community could force the burning of billions of the protocol’s XRP native tokens held in escrow
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At stakeDestabilizing Act?Crypto Twitter, like the U.S. Congress, is largely divided between warring factions and in-groups. But for once it looks unified. All it took was a proposed bill to further regulate stablecoin issuers, the so-called STABLE Act.The Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act would require stablecoin issuers
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