Feb 16, 2023 | Crypto Markets
The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate...
Feb 14, 2023 | Crypto Markets
USD Coin (USDC) issuer Circle has denied rumors that it received a “Wells Notice” over its United States dollar-pegged stablecoin. On Feb. 14, a now-deleted tweet from Fox Business reporter Eleanor Terrett claimed Circle had been ordered by the U.S....
Feb 13, 2023 | Crypto Markets
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87...
Feb 11, 2023 | Crypto Markets
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically,...
Feb 10, 2023 | Crypto Markets
An executive of Bank of New York Mellon reportedly thinks that crypto assets are for the long haul based on a study that the bank commissioned last year. According to Reuters, BNY Mellon’s head of advanced solutions Michael Demissie says that the study conducted in...
Feb 9, 2023 | Crypto Markets
Well, the first month of the new year has passed and it seems that there is every chance of a bull market. Hopefully, the crypto market will recover as soon as possible in 2023. We recently wrote about some of the events of 2022 that affected the crypto niche, and now...