ARK Invest founder and CEO Cathie Wood has adjusted her long-term price forecast for Bitcoin, lowering her prediction for the year 2030 by $300,000. She now anticipates Bitcoin […]
DeFi Depeg: Elixir Stops Support for deUSD After Stream Finance Meltdown
Decentralized finance (DeFi) platform Elixir has ended support for its synthetic stablecoin, deUSD, following a major loss at Stream Finance. Stream’s $93 million shortfall in net assets triggered […]
Ripple Seeks Limited Fed Access for Faster US Payments, Addressing Bank Concerns
Ripple, in its pursuit of faster and more efficient US payment solutions, is advocating for a limited access “skinny” Federal Reserve account. This proposal aims to grant fintech […]
Ark Invest CEO Adjusts Bitcoin Forecast, Sees Potential for Stablecoin Influence
Cathie Wood, CEO of ARK Invest, has reportedly adjusted her Bitcoin forecast downwards by $300,000, according to recent reports. This adjustment is believed to be influenced by the […]
Canada’s Stablecoin Rules Boost Crypto Market, Including Dogecoin & DeepSnitch AI
Canada’s government has taken a decisive step toward regulating the $310 billion stablecoin market by announcing new laws that will impose stricter rules on issuers. This move signals […]
Japan’s Banking Giants Pioneering Yen-Backed Stablecoin for Corporate Payments
Japan is taking a significant step toward mainstream stablecoin adoption by its biggest banks partnering to create a new pilot program for corporate payments.
Japan Supports Major Bank Effort to Launch Yen-Backed Stablecoins
Japan’s Financial Services Agency (FSA) has endorsed a collaboration between major banks, including Mizuho Bank, Mitsubishi UFJ Bank, and Sumitomo Mitsui Banking Corporation, to issue yen-backed stablecoins. This […]
USDC Overtakes USDT in Transaction Volume: A Major Milestone
A significant milestone has been reached in the stablecoin landscape as USDC surpassed USDT in transaction volume for the first time. This landmark moment, driven by increasing institutional […]
Ethereum Reaches New Milestone as Stablecoin Inflows Surge
Ethereum has hit a new record high in stablecoin supply, surpassing $184 billion, according to Token Terminal data. This surge reflects increasing liquidity flows towards the platform, signaling […]
Coinbase Sees Stablecoin Liquidity as ‘Oil’ for Blockchain Growth
Coinbase executives used the analogy of ‘oil’ for the on-chain economy to highlight their view that legislation surrounding digital assets is crucial for US blockchain growth and global […]
Elixir Ditches deUSD Stablecoin After Major DeFi Losses
Elixir has officially halted its synthetic stablecoin, deUSD, following a substantial loss of approximately $93 million stemming from the collapse of Stream Finance. The impact is particularly severe […]
ARK Investment Adjusts Bitcoin Forecast, Sees Stablecoins Driving Adoption
Ark Invest’s Cathie Wood lowered her 2030 Bitcoin price prediction from $1.5 million to $1.2 million, citing the rise of stablecoins as a key driver for this change. […]
OKX Launches Mastercard-Linked Stablecoin Wallet in Brazil
Brazil has just adopted a new method for on-ramps to digital currency. OKX launched its stablecoin wallet called OKX Pay, partnered with a debit card issued by Mastercard. […]
Japan’s FSA Endorses Major Bank Stablecoin Project to Modernize Finance
The Financial Services Agency (FSA) of Japan has signaled a major step towards integrating blockchain technology into mainstream finance by approving a collaborative project between leading financial institutions. […]
Mastercard Embraces Ripple’s Stablecoin Experiment with Pilot Program
Mastercard has voiced its enthusiasm about the potential of Ripple’s stablecoin initiative, signaling a major shift in how payments are processed. The company responded to Ripple’s recent announcement […]