Recent disclosures by Paul Grewal, the Chief Legal Officer at Coinbase, have sparked significant concern in the cryptocurrency community regarding the Federal Deposit Insurance Corporation’s (FDIC) stance towards banking services related to cryptocurrencies. Grewal unveiled a series of unredacted communications, commonly referred to as “pause letters,” which indicate that the FDIC has advised banks to
admin
Semilore Faleti stands out as a noteworthy figure in the rapidly evolving landscape of cryptocurrency journalism. With a background that initially spanned various topics, Semilore found his passion within the intricate domain of blockchains and digital currencies. Unlike some writers who may merely skim the surface of their subjects, Semilore dives deeply into the complexities
2024 was a year to forget for Ethereum, the second-largest cryptocurrency by market cap. Despite being at the forefront of blockchain technology and decentralized applications, Ethereum struggled to make headway against Bitcoin and other altcoins. Throughout the year, it remained mired in a downtrend, eroded by relentless selling pressure and a hesitance in the broader
Crypto.com has made significant strides in the United States market by introducing stock and exchange-traded fund (ETF) trading capabilities on its platform. Announced on January 3, this initiative enables users to manage both their crypto portfolios and traditional investments seamlessly through a single application. This move reflects Crypto.com’s ambition to integrate diverse financial instruments, allowing
As the cryptocurrency market braces for 2025, it is gradually bouncing back from a turbulent end to the previous year. A significant decline affected a vast majority of digital assets, with Bitcoin (BTC) experiencing notable lows as traders sought to stabilize their portfolios. However, recent fluctuations in Bitcoin’s value indicate a recovery phase, hinting at
On December 16, 2023, FTX and its associated debtors made a significant announcement regarding their reorganization plan, intending to take effect on January 3, 2025. This development is crucial for the beleaguered cryptocurrency exchange, as it embarks on the arduous journey of recovery after its infamous collapse in November 2022. With the hopes of regaining
In recent years, particularly over the last three, the intersection of cryptocurrency and traditional banking has proven to be fraught with challenges. According to a report from The Wall Street Journal, approximately 120 out of 160 hedge funds involved in cryptocurrency investments have encountered significant barriers in securing banking services. This statistic, drawn from a
As the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), the landscape for stablecoin issuers is undergoing significant transformation. One of the most notable developments is Tether’s recent investment in StablR, a European stablecoin issuer. This strategic move reflects a broader effort not only to align with regulatory demands but also to
The cryptocurrency landscape has experienced a significant downturn in the past week, leaving many investors anxious and disillusioned. With the much-anticipated Santa Claus rally nowhere in sight, the market has not only stalled but also appears to be struggling with a notable drop in trading volume. This situation raises questions about future performance and whether
December 2023 has emerged as a defining period for MakerDAO, demonstrating exceptional growth amidst a dynamic cryptocurrency landscape. As outlined by insights from the decentralized finance (DeFi) analytics platform DeFiLlama, the protocol not only recorded impressive fee revenues but also shattered its own historical performance metrics. MakerDAO realized an astonishing $40.86 million in fees throughout
