In a recent speech at a fintech conference held at the Federal Reserve Bank of Philadelphia, Michael Barr, a prominent official at the US Federal Reserve, raised concerns about the growing use of unregulated stablecoins that are pegged to the US dollar. Barr, who serves as the vice chair for supervision at the central bank,…

The on-chain data reveals a notable increase of 3.1% in the Bitcoin exchange supply over the past two weeks. This surge in supply on exchanges has grabbed the attention of market participants and raised questions about the potential implications for the market. In this blog post, we will delve into the significance of this trend…

Cryptocurrency accounting in the United States is on the verge of a transformative change, as the Financial Accounting Standards Board (FASB) has given unanimous approval to new rules governing the fair valuation of companies’ crypto holdings. This move, hailed by the financial industry, aims to bring much-needed transparency and consistency to this rapidly evolving sector.…

The Commodity Futures Trading Commission (CFTC) has recently escalated its focus on the decentralized finance (DeFi) sector, signaling its intent to ensure regulatory compliance. By issuing simultaneous orders against Opyn, ZeroEx, and Deridex, Inc., the CFTC aims to address allegations of illegal digital asset derivatives trading and insufficient adherence to regulatory requirements. DeFi Operators Face…

Ripple, a prominent player in the cryptocurrency sphere, recently announced its acquisition of Fortress Trust, a leading financial institution specializing in Web3 financial, regulatory, and technology infrastructure for blockchain innovators. This strategic move aims to bolster Ripple’s backend infrastructure for payments, asset tokenization, and other services while catering to a diverse clientele, ranging from Fortune…

One of the remarkable aspects of the Bitcoin blockchain is the regular occurrence of halvings. These events, which cut the block subsidy in half, have significant implications for miners’ revenues, particularly in terms of block rewards. With each halving, the question arises: can transaction fees eventually compensate for the reduction in block rewards? In this…