There is a war going on between crypto firms and traditional banks over stablecoins, and Jefferies analysts said they could become a constant drag on banks’ earnings as digital dollar use spreads. While stablecoins will not pose an immediate existential threat to banks and are unlikely to trigger a sudden run on US bank deposits, […]
The US banking industry had effectively lobbied to halt the crypto industry’s market structure law, the Digital Asset Market Clarity Act, due to a dispute over the proper role of stablecoin rewards. But lawmakers continue to negotiate a compromise to move this legislation forward. One of the lawmakers at the center of those negotiations, Sen.
Senators try to unlock stalled crypto Clarity Act with compromise on stablecoin dividend Read More »
For much of crypto’s history, the primary use case has been simple: buying tokens and trading them. Now, some investors and developers believe the industry may be moving toward an entirely different model: earning crypto instead of buying it. One version of that idea is what venture firm Multicoin Capital calls Internet Labor Markets (ILM)
Prediction market platform Polymarket has teamed up with Palantir and TWG AI to build a monitoring system designed to detect suspicious trading and manipulation in sports prediction markets, a move that reflects increasing pressure on the fast-growing sector to establish credibility. The new system will use Palantir’s data infrastructure and TWG AI’s analytics to monitor
The US Securities and Exchange Commission and the Commodity Futures Trading Commission — the sister agencies that will regulate most US crypto activity — have previously been rivals on crypto issues, but they are now pursuing a formal memorandum of understanding to combine the agencies’ efforts, SEC Chairman Paul Atkins said. “We are reorienting our
Latest developments: Infrastructure providers are increasingly building networked stablecoin payment systems instead of single-provider rails, Borderless CEO Kevin Lehtiniitty said in an interview on CoinDesk’s Markets Outlook. Borderless recently partnered with wallet infrastructure provider Dfns to launch an institutional stablecoin off-ramp targeting banks, fintechs and enterprises. The system routes stablecoin payouts through multiple liquidity providers
Why banks are moving beyond single-provider stablecoin payment rails Read More »
We all know the problem with a public ledger. Most of us living inside the crypto ecosystem can’t actually bring ourselves to say that. But find a normie on the street, someone with some knowledge of blockchain (good luck with that) and they’ll tell you right away. It’s public. A public ledger is public. We’ve
Why crypto’s privacy problem is a total dealbreaker for regular users Read More »
Calling the US the “crypto capital of the world,” Commodity Futures Trading Commission (CFTC) Chairman Mike Selig updated his agency’s ongoing plans to provide long-awaited regulatory clarity for developers of decentralized finance (DeFi), crypto derivatives and prediction markets. This week at the FIA Global Cleared Markets Conference in Boca Raton, Florida, Selig said the U.S.
CFTC Chairman Michael Selig Outlines DeFi Plans for Predictive Market Rules Read More »
Kraken-linked tokenized equities platform xStocks plans to launch a rewards program targeting traders’ liquidity providers and DeFi builders using its onchain equity tokens. The initiative, called xPoints, will track activity across supported trading venues and integrations. Participants can earn points by trading tokenized US stocks that provide liquidity or by using the assets in decentralized
Kraken’s xStocks launch points program hinting at a possible ecosystem token Read More »
Bybit Alpha officially integrates Mantle Chain, expands multi-chain ecosystem and asset diversity
