The Bank of England is launching a consultation on new stablecoin rules that closely mirror the US’s approach to fiat-pegged crypto assets. Read More at https://cointelegraph.com/news/uk-stablecoin-rules-aligned-with-us-crypto-confidence-cryptouk?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category Archives: Uncategorized
Bitcoin crash to $104K was ‘flush’, not crypto cycle ‘failure’
Bitcoin’s four-day crash has initiated a healthy reset among investors, but momentum remains limited until long-term holders continue selling their BTC, according to Glassnode. Read More at https://cointelegraph.com/news/bitcoin-crash-104k-flush-not-crypto-cycle-failure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SpaceX moves $257M in Bitcoin, reignites questions over its crypto play
The SpaceX-labelled wallets made their second large-scale Bitcoin transfer in three months, raising speculation of a sale as the company faces growing competition. Read More at https://cointelegraph.com/news/spacex-moves-257m-in-bitcoin-reigniting-questions-over-its-crypto-play?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Argo’s creditor grabs 87.5% stake in struggling miner in bold takeover move
Argo Blockchain will delist from the London Stock Exchange after its main creditor, Growler Mining, seized control through a debt-for-equity swap. Read More at https://cointelegraph.com/news/argo-growler-mining-takeover-restructuring?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum fails again above $4K as traders grow frustrated with shakeouts
Ether ran into resistance at $4,000 as the absence of new buyers and weak spot Ethereum flows threatened ETH price dropping to $3,100 next. Read More at https://cointelegraph.com/news/ethereum-price-fails-above-4k-traders-grow-frustrated-shakeouts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto, Fintech push back against banks’ war on open banking
The Blockchain Association, Crypto Council for Innovation and fintech allies urged the CFPB to finalize an open banking rule ensuring consumers, not banks, control their data. Read More at https://cointelegraph.com/news/crypto-fintech-banks-war-open-banking?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin eyes CME gap below as BTC price dips 2.5% to risk $100K collapse
Bitcoin price dropped 2.5% on the day to attempt to fill the latest weekend CME futures gap, while traders warned that $100,000 could fail as support. Read More at https://cointelegraph.com/news/bitcoin-cme-gap-btc-price-dips-risk-100k-collapse?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US political turmoil tests ‘institutional confidence’ as crypto ETFs bleed
The outflows came as “No Kings” protests swept across the US amid a prolonged government shutdown and political division, deepening market risk aversion. Read More at https://cointelegraph.com/news/spot-bitcoin-ethereum-etfs-extend-outflows-amid-us-political-turmoil?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Corpo chains’ doomed unless they embrace crypto’s ethos: StarkWare CEO
StarkWare CEO Eli Ben-Sasson said corporate blockchains will help with mainstream adoption, but long term, they will be abandoned if they try to retain control. Read More at https://cointelegraph.com/news/corporate-blockchains-will-fail-starkware-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Canadian province to ban new crypto mining connections
British Columbia is moving to ban new crypto mining connections to protect its Hydro power grid. For years, analysts have argued this is the wrong approach. Read More at https://cointelegraph.com/news/british-columbia-restrict-ai-power-use-ban-crypto-mining-connections?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound