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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Japan’s top banks reportedly plan to launch a joint yen-based stablecoin, more than five new crypto exchange-traded funds (ETFs) were applied for this week,…
Bitcoin’s repeat drop to $107,600 reflects broader market caution as miner outflows and macroeconomic pressures mount, but analysts still believe dips are for buying. Key takeaways: Rising demand for put options and miner BTC deposits highlights growing caution among traders despite price resilience near $108,000. Analysts at Bitwise argue that deep drops in market sentiment…
Erebor’s green light from US regulators is among the most significant bank charter approvals tied to digital assets since the 2023 regional banking crisis. Erebor, a financial services company backed by billionaire Peter Thiel, has received regulatory approval to launch in the United States — a move that could help fill the gap left by…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, major banks including Bank of America, Goldman Sachs, Deutsche Bank and Citi are entering the stablecoin race. Prediction platform Kalshi secured $300 million for…
Citigroup’s venture arm has invested in London-based stablecoin firm BVNK as Wall Street accelerates its push into blockchain-powered payments. Citigroup’s venture arm, Citi Ventures, has invested in BVNK, a London-based stablecoin infrastructure firm building global payment rails for digital assets. BVNK declined to disclose the size of Citi’s investment or its current valuation. However, co-founder…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Visa launched a stablecoin pilot using USDC and EURC to enable real-time cross-border payouts, the US Securities and Exchange Commission (SEC) said it won’t…
UK Finance launched a tokenized deposits pilot in partnership with six major banks, including Barclays, HSBC and Lloyds Banking Group. UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the…
Coinbase CEO Brian Armstrong has outlined plans to build a crypto super app, offering credit cards, payments and Bitcoin rewards to rival traditional banks. Coinbase CEO Brian Armstrong has said his company’s most ambitious vision is to replace traditional banks by turning Coinbase into a full-service crypto “super app.” Speaking during a recent interview with…
Chinese regulators are reportedly preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong. Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities. According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating…
Amid the US set to implement a stablecoin framework after passage of the GENIUS Act, EU officials are looking at the implications of foreign-issued stablecoins. Christine Lagarde, president of the European Central Bank (ECB), is calling for policymakers to address gaps in stablecoin regulation, particularly for those issued beyond the “robust” Markets in Crypto-Assets (MiCA)…