Key takeaways: Coffee shops, fast-food chains like Starbucks and Sheetz and retailers like Microsoft and Home Depot are accepting crypto payments via apps and third-party processors. More and more platforms are gradually enabling the use of Bitcoin, Ether and XRP for large-scale travel and airline reservations. Luxury brands, high-end car dealerships and real estate developers…
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Curve’s decentralized autonomous organization (DAO) approved a proposal to provide Yield Basis, a new protocol developed by Curve founder Michael Egorov, with a $60 million credit line in crvUSD stablecoin ahead of its mainnet launch. The vote cleared the way for Yield Basis to introduce Bitcoin-focused liquidity pools designed to eliminate impermanent loss — when…
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Key points: Bitcoin and altcoins are lagging gold and stocks when it comes to new all-time highs. Research suggests that liquidity patterns are partly to blame as traders withdraw stablecoins. History shows that traditional risk assets need to “cool” before crypto surges. Bitcoin (BTC) is dropping as crypto markets fail to copy gold and stocks…
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A group of major European banks has joined forces to launch a euro-pegged stablecoin in compliance with Europe’s Markets in Crypto-Assets (MiCA) framework. Dutch lender ING and Italy’s UniCredit are among nine banks participating in the development of a euro-denominated stablecoin, according to a joint statement published by ING on Thursday. Built in compliance with…
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Stablecoin payments firm RedotPay said it joined the ranks of fintech unicorns after securing a $47 million strategic investment round. The raise saw participation from Coinbase Ventures, with continued backing from Galaxy Ventures and Vertex Ventures, and support from a global tech entrepreneur whose identity was not disclosed, according to an announcement shared with Cointelegraph.…
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Crypto treasury companies are starting to see share price gains off the back of stock buyback programs, which analysts say could be a sign that the companies are now battling for credibility. Trump Jr.-linked media company Thumzup, which holds Bitcoin (BTC) and Dogecoin (DOGE), said on Wednesday it was increasing a share buyback from $1…
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Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges. Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March. “This is a preliminary version…
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A US Senate committee is set to hold a hearing next week to discuss how digital assets should be taxed — seemingly in line with the White House’s crypto report released in July. The hearing will be led by the Finance Committee’s chair, Mike Crapo, on Wednesday, with Coinbase vice president of tax Lawrence Zlatkin…
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Key takeaways: Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level. Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table. A total of $22.6 billion in Bitcoin (BTC) options are scheduled to expire on Friday, creating a decisive moment after the sharp rejection…
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Update (Sept. 25 at 3:07 pm UTC): This article has been updated to include a statement from a White House official. Update (Sept. 25 at 5:05 pm UTC): This article has been updated to better reflect the intent of the Warren-Slokin letter. Two Democratic lawmakers on the US Senate Banking Committee and Senate Agriculture Committee…
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