Excitement in the crypto community is growing over the potential launch of XRP funds, as the US Senate advances a deal aimed at ending the longest-ever government shutdown. The Senate reportedly reached a deal on a budget bill to end the government shutdown on Sunday, sending a bullish signal to numerous markets, including crypto. The…
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Cryptocurrency investment products faced heightened selling pressure last week as crypto funds recorded a second consecutive week of outflows amid ongoing negative sentiment in the markets. Crypto exchange-traded products (ETPs) saw $1.17 billion in outflows last week, up around 70% from $360 million recorded the previous week, CoinShares reported Monday. CoinShares’ head of research, James…
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The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it said are widely used in payments and therefore potentially pose risks to the…
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After adopting the AI Act last year, the European Union is considering easing certain provisions amid mounting pressure from the US and Big Tech. Source link
While Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, banks continue to press for a blanket ban on stablecoin interest. Source link
Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest. Source link
Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest. Source link
After dropping under its 365-day moving average price, Bitcoin faces uncertainty as analysts weigh whether it signals a looming bear market or a brief pullback. Source link
The bankruptcy estate of defunct crypto exchange FTX has abandoned a motion seeking to limit creditor distributions to “potentially restricted foreign jurisdictions.” The FTX Recovery Trust on Monday filed a notice withdrawing its motion for entry of an order in support of the confirmed plan authorizing it to implement restricted jurisdiction procedures in potentially restricted…
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The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims. Source link