The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance.In...
Banks and financial institutions have started experimenting with tokenized bank deposits, bank balances recorded on a blockchain, but the technology is doomed to lose out to stablecoins, according to Omid Malekan, an adjunct professor at Columbia Business School.Overcollateralized stablecoin issuers,...
Mastercard is reportedly in advanced talks to acquire crypto and stablecoin infrastructure startup zerohash in a deal valued from $1.5 billion to $2 billion, according to multiple sources familiar with the negotiations.The news, reported by Fortune on Wednesday, follows earlier...
Solana co-founder Anatoly Yakovenko cast doubt on the decentralization and security of Ethereum’s layer-2 (L2) scaling networks during a heated debate on Sunday.Layer-2 scaling networks feature a huge attack surface and code bases so large that they cannot be properly...
Today in crypto, Binance founder Changpeng “CZ” Zhao received a pardon from US President Donald Trump, clearing the way for a possible return to the exchange. Revolut secured a MiCA license from the Cyprus Securities and Exchange Commission, while Bitcoin...
Ethereum co-founder and Consensys founder Joseph Lubin highlighted the importance of venture capital (VC) funding for the development of the world's largest smart contract network, despite growing industry concerns over the influence of investment funds on Ethereum.The main goal of...
Stripe’s blockchain project, Tempo, raised $500 million in a Series A round led by Greenoaks and Thrive Capital, valuing the payments-focused network at $5 billion, according to Fortune. Sequoia Capital, Ribbit Capital and Ron Conway’s SV Angel also joined the round,...
Binance is launching a $400 million relief program for traders affected by losses across its ecosystem during Friday’s crypto sell-off, despite saying it does not accept liability for user losses.According to a Tuesday post by the exchange, the initiative will...
Key takeaways:Friday’s Bitcoin price crash shows volatility persists in the spot BTC ETF era, with leverage and liquidity stress amplifying losses.Liquidations hit $5 billion as portfolio margin systems failed, highlighting risks of illiquid collateral assets.Bitcoin derivatives suggest market makers remain...
Today in crypto, the Bank of North Dakota announced plans to introduce its official stablecoin, the Roughrider Coin. Meanwhile, BNB Chain traders are cashing in as new memecoins go parabolic, and analysts say Canary Capital’s Litecoin and HBAR funds are...
