The American Bankers Association is concerned that stablecoin yields would lead to mass deposit outflows from smaller community banks. Read More at https://cointelegraph.com/news/banks-criticize-white-house-report-favoring-stablecoin-yield-clarity-act?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author Archives: pdgweb
Former CFTC chair Giancarlo leaves law to focus on crypto advisory
Chris Giancarlo, who oversaw the first Bitcoin futures ETF approval as CFTC chairman, will now advise fintech and digital asset founders and boards. Read More at https://cointelegraph.com/news/former-cftc-chair-giancarlo-leaves-law-focus-on-crypto-advisory?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin nears $75K as Iran deal hopes spark $400M short squeeze
A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets. Read More at https://cointelegraph.com/news/bitcoin-75k-iran-deal-hopes-spark-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South Korea fines Coinone $3.5M, orders partial business suspension: Reports
Coinone is the second to face South Korea’s crackdown on exchanges in the last month, following a $24 million fine and a six-month partial suspension order against Bithumb. Read More at https://cointelegraph.com/news/south-korea-coinone-suspension-aml-fine?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Foundry launches Zcash mining pool, notches 29% hashrate in first month
The launch of Foundry Zcash Pool has cut ViaBTC’s mining pool hashrate dominance from around 65% to 37%. Read More at https://cointelegraph.com/news/foundry-digital-launched-zcash-mining-pool?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ether holders back in profit as ETH price aims for rally to $3K
Large Ether investors are back in profit, increasing the chances of a rally toward $3,000, but resistance at $2,800 may delay the recovery. Read More at https://cointelegraph.com/news/ether-holders-back-in-profit-as-eth-price-aims-for-rally-to-dollar3k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin reclaims $74K as spot ETF demand clashes with BTC miner sell pressure
Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish. Read More at https://cointelegraph.com/news/bitcoin-reclaims-dollar74k-as-spot-etf-demand-clashes-with-btc-miner-sell-pressure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Broadridge rolls out crypto, tokenized asset platform for Canada wealth managers
The technology services provider said wealth managers have faced challenges integrating digital assets without relying on separate systems. Read More at https://cointelegraph.com/news/broadridge-rolls-out-crypto-tokenized-asset-platform-for-canada-wealth-managers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC proposes certain crypto interfaces don’t need to register as brokers
Hester Peirce, who heads the SEC’s crypto task force, said that the staff statement represented “expansive readings of the securities laws“ in response to digital assets. Read More at https://cointelegraph.com/news/sec-crypto-interfaces-registration-broker?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitmine ramps up Ether buys, pushes holdings toward 5% of total supply
While others refrain from boosting their Ether holdings, Bitmine’s latest purchase gives it ownership of about 4% of total supply as the company expands its staking strategy. Read More at https://cointelegraph.com/news/bitmine-ramps-up-ether-buys-pushes-holdings-toward-5-of-total-supply?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound