Briefly customers from countries other than the United States can stake USDC stablecoins with Coinbase and receive yields of 4%. Coinbase has been warned before by the SEC that the assets it uses in its yield product could be considered securities. While Tether’s supply has increased by more than 83 billion, the supply of USDC…
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Briefly if approved, BlackRock’s spot Bitcoin ETF could revolutionize the cryptocurrency industry. The crypto community has responded positively to the news, but there is still skepticism. The SEC’s potential approval of the ETF, according to some analysts, would open the door for more established financial institutions to enter the market. After weeks of doom and…
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Briefly despite opposition from the SEC, more than a third of family offices intend to increase their exposure to digital assets. The UBS Global Family Office Report 2023 identifies a shift in this investor class’s strategic asset allocation. DeFi and tokenization platforms are also of interest to 27% of family offices, who plan to invest…
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Briefly MicroStrategy co-founder and self-described Bitcoin maximalist Michael Saylor believes that the value of Bitcoin will continue to rise. Saylor dismisses other cryptocurrencies, arguing that Bitcoin is the only institutional-grade investable asset in the crypto space. The tech entrepreneur also commends the SEC’s recent cryptocurrency guidance. Michael Saylor, co-founder of MicroStrategy and well-known Bitcoin maximalist,…
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As a result of marketplaces competing for a smaller pool of traders and investors, NFT liquidity has decreased. Over the past three months, daily NFT trade volume has been steadily decreasing. NFT marketplaces are increasing the incentives they offer to keep traders on their platforms to address this issue. As marketplaces compete fiercely for a…
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Briefly Hong Kong’s progress in developing a stablecoin regulatory framework suggests a shift in China’s crypto policy. Even Coinbase and other international cryptocurrency exchanges were invited to register in Hong Kong by a legislator. Central area China’s white paper on Web 3.0 development further recommends a likely lift of the Chinese prohibition on crypto. China…
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Briefly Binance and the SEC. US to haggle to stay away from resource freeze, following adjudicator Amy Jackson’s trade off encourage. Binance. Eight days into its case, the United States refuses to accept the “death penalty.” BNB cost up 7% in the midst of claims of market control by crypto industry examiners. Binance and the…
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Starting in July, U.S. users won’t be able to invest in DASH, MANA, ALGO, and MATIC. In an email that was shared with CryptoSlate on June 12, stock and cryptocurrency trading platform eToro stated that users based in the United States would not be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash…
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According to information provided by the blockchain analysis company Arkham Intelligence, on June 12, Tether’s Treasury sent Binance $750 million USDT. After a $10 test transaction, the transactions were sent in three $250 million batches. To ensure stable coin liquidity across all chains, the exchange informed users earlier today that it would directly swap 750…
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Briefly the cryptocurrency giants Binance and Coinbase are being sued by the SEC for violating regulations and acting as unregistered brokers. The actions raise concerns about Wall Street’s potential dominance and the classification of certain cryptocurrencies as securities and stoke debates in the crypto industry. The legal campaign highlights the need for a clear, up-to-date,…
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