Avalanche eyes 60% rally as AVAX price breaks out of bull flag
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio. Go to Source Powered by WPeMatico
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Senate hearing on stablecoins: Compliance anxiety and Republican pushback
As stablecoins issuers were put under the pressure of Democratic witnesses, Senator Pat Toomey released his own set of regulatory principles. Go to Source Powered by WPeMatico
Here’s why Bitcoin traders expect choppy markets for the remainder of 2021
Bitcoin price appears pinned below $48,000, leading some analysts to forecast “choppy” markets until Q1 2022. Go to Source Powered by WPeMatico
Witnesses offer differing opinions on approach to stablecoins at congressional hearing
Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to “avoid policies that encourage the growth of stablecoins.” Go to Source Powered by WPeMatico
‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren
The U.S. lawmaker claimed that the value of stablecoins would “take a nosedive,” with small investors largely feeling the effects of a potential downturn. Go to Source Powered by WPeMatico
Myanmar shadow government declares stablecoin USDT an official currency
The NUG finance minister said Tether use would enhance trade speed and payment efficiency. Go to Source Powered by WPeMatico
FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance. Go to Source Powered by WPeMatico
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up hassle,” as the firm believes “defi has tremendous potential to help increase … Read more
Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions. Go to Source Powered by WPeMatico
WhatsApp starts testing currency payments with Meta’s Novi wallet
Some U.S. activists previously asked the DOJ to stop Meta from offering its digital currency wallet Novi on its platforms. Go to Source Powered by WPeMatico