Latest news from the Web3 ecosystem
Brad Jaffe, formerly Binance's global communications lead, has joined KAST as Chief Communications Officer. The move signals potential growth and enhanced communication strategies for the stablecoin specialist.
UK lawmakers questioned Coinbase executives about the potential financial stability risks posed by stablecoins, including concerns of bank runs and deposit drains. Industry groups warn against overly strict regulation.
Tether, the issuer of the USDT stablecoin, has made a significant $50 million investment in Eight Sleep, a company focused on sleep technology, signaling a diversification beyond its core cryptocurrency operations.
A key advisor to former President Trump's potential crypto policy has stated that yield-bearing stablecoins should not be subject to traditional banking regulations. This stance contrasts with views expressed by industry leaders like Jamie Dimon.
Major market infrastructure providers are raising concerns that tokenized securities could face increased costs and divided liquidity if interoperability is not prioritized.
South Korea is moving to limit major shareholder influence in cryptocurrency exchanges, with a proposed cap of 20%. This aims to enhance market stability and prevent monopolistic control within the digital asset trading landscape.
XRP shows signs of a significant price increase, targeting $1.95. This potential rally is fueled by sustained institutional investment and a recent technical breakout.
Bitcoin has broken the $71,000 mark, continuing a significant upward trend. This price action reflects strong investor confidence and broader market dynamics.
Bitcoin's price is showing bullish signals, with a symmetrical triangle breakout and an unfilled CME gap suggesting a potential surge towards the $80,000 mark in March.
Morgan Stanley has selected Coinbase and BNY Mellon to provide essential custody and administrative services for its proposed spot Bitcoin ETF, signaling a significant step towards institutional adoption of digital assets.
Analysis of Iran's largest crypto exchange, Nobitex, indicates routine liquidity adjustments rather than significant capital flight following recent geopolitical events. This contrasts with broader outflow trends observed across other Iranian exchanges.
Bitcoin's value has climbed to a one-month high, reaching approximately $71,800. This surge is attributed to investors seeking haven assets due to escalating Middle East conflicts and a concurrent strengthening of altcoins in the market.