In a significant move impacting cryptocurrency users within the European Economic Area (EEA), Coinbase, a prominent American crypto exchange, has announced that it will discontinue its rewards program for the USD Coin (USDC). This program, which has enabled users in over 100 jurisdictions to earn monthly interest on their stablecoin holdings, will officially come to
Crypto
The recent landscape of stablecoins indicates a burgeoning financial tool that currently holds a market cap of under $200 billion. This figure, while substantial in isolation, only represents a mere 1% of the total U.S. money supply and foreign exchange activities. This relatively small share suggests that while stablecoins have carved out a niche for
The cryptocurrency market is currently navigating a transformative period. The dominance of Bitcoin, which has long held a commanding presence, is waning as alternative cryptocurrencies—often referred to as altcoins—begin to capture significant market attention. As of now, Bitcoin’s price oscillates around the $97,000 threshold, amidst a total market capitalization nearing $3.56 trillion. This shift in
In recent weeks, Cardano’s ADA has captured the attention of investors with a substantial increase in price, reflecting a robust interest from major market players. The resurgence of ADA, witnessing a dramatic 180% increase, indicates not only a rebound from its price dip but also the aggressive purchasing behaviors of cryptocurrency “whales.” These large investors
As cryptocurrency markets evolve, stablecoins have emerged as a compelling segment, experiencing remarkable growth in recent months. Recent data indicates that the global supply of stablecoins has soared, with Tether (USDT) and USD Coin (USDC) leading the charge. According to a report from Bloomberg referenced by DefiLlama, this surge has resulted in an impressive 46%
Vancouver’s recent proposal to integrate Bitcoin (BTC) into its investment strategy marks a significant moment in the city’s financial evolution. Mayor Ken Sim’s announcement at the November 26 city council meeting details an ambitious plan to diversify Vancouver’s financial assets by adding cryptocurrency to its portfolio. Dubbed “Preserving the city’s purchasing power through diversification of
Bitwise Asset Management has recently made headlines with its latest proposal to the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF), leveraging its existing 10 Crypto Index Fund as the foundation. In the ever-evolving realm of cryptocurrencies, Bitwise aims to capitalize on the burgeoning market by offering an ETF composed
In light of recent geopolitical shifts and growing economic uncertainties, the United States is at a crucial crossroads regarding its approach to Bitcoin and cryptocurrency as a whole. Following Donald Trump’s election victory and his endorsed vision for a strategic Bitcoin reserve, the conversation has shifted from mere speculation into a serious debate about integrating
In recent years, the Securities and Exchange Commission (SEC) has been viewed as the primary regulatory body overseeing the digital asset arena. However, a potential shift in power is on the horizon as the incoming administration appears poised to enhance the authority of the Commodity Futures Trading Commission (CFTC). This change is largely driven by
The cryptocurrency ecosystem is famously volatile, and recent market corrections have been no exception. With notable assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) witnessing significant price declines, holders across the board have grappled with uncertainty. This turbulence has also impacted the meme coin segment, in which Shiba Inu (SHIB) operates. Currently trading around