According to Coindesk, Standard & Poor's Global Ratings said in a report on Wednesday that the lack of regulation of stablecoins in the United States is one of the main obstacles to the adoption of the currency. Analysts led by Mohamed Damak pointed out that the lack of regulation is one of the main obstacles to the adoption of stablecoins in the United States and hinders the wider institutional adoption of stablecoins. Stablecoins will play an increasingly important role in on-chain transaction...
Hester Peirce, the commissioner of the Securities Exchange Commission (SEC), expressed serious concerns about the "de-banking" of crypto companies at a meeting on Wednesday. As one of the five SEC commissioners, Peirce, who is affectionately known in the industry as the "crypto mom", has been relatively open to the crypto industry.
Cryptocurrency wallet platform Phantom hit an all-time high in the iOS app store on Wednesday. Phantom ranked ninth in free iPhone apps, the first time Phantom entered the top 10. It trailed eighth-ranked short video app TikTok, but surpassed messaging platform WhatsApp and social media giant Instagram, which ranked 13th and 14th respectively in free apps. In addition, Phantom ranked second in free utility apps on the iOS App Store on Wednesday, just behind Google's search engine.
Detained Binance executive Tigran Gambaryan was still being held in a Nigerian jail on Wednesday, with Judge EmekaNwite allegedly appearing to be absent from Gambaryan's hearing this week, instead going to attend a seminar at the National Institute of Justice in the Nigerian capital, Abuja. Gambaryan's hearing has now been rescheduled for Friday, October 11. He has been held in Nigeria since the end of February 2024, when he was charged by Nigerian authorities with money laundering and tax evasi...
Yam Ki Chan, vice-president of Circle, said in an interview during Blockchain Week in South Korea on Wednesday: "Major jurisdictions around the world have set minimum standards for well-regulated stablecoins, and it is the US that has yet to fully implement them." He pointed out that in the United States, many states regulate stablecoin issuers under existing money transfer laws, which also apply to payment services such as Apple Pay, Google Pay, and PayPal. These issuers must obtain money trans...
Coinbase CFO Alesia Haas said at a Citigroup event on Wednesday that Harris "is accepting crypto donations," a statement that appears to be incorrect. A Coinbase spokeswoman said Alesia Haas was referring to Future Forward USA PAC, which is committed to supporting Kamala Harris, not Harris' campaign. "Coinbase can confirm that Future Forward PAC has partnered with Coinbase Commerce to accept cryptocurrency donations," the spokeswoman said. Harris' campaign website is...
BlackRock will list its iShares Ethereum Trust (ETHA) on the B3 exchange in Brazil on Wednesday, according to local media Portal do Bitcoin. The ETF will trade under the ticker ETHA39 in the form of Brazilian depositary receipts (BDRs), certificates representing shares of foreign companies traded in the South American country. In March, BlackRock's iShares Bitcoin Trust ETF (IBIT) also began trading on the Brazilian stock exchange, which has become a solid market for institutional products. In a...
According to EPFR data cited by Bank of America, in the week ending Wednesday, equities flowed into $22.20 billion, bonds into $16.10 billion, gold into $1.30 billion and cryptocurrencies into $1.20 billion.
Ripple CEO Brad Garlinghouse shared his thoughts on VP Kamala Harris and cryptocurrency policy on social media platform X on Wednesday. First, he warned that "making conclusions and assumptions about candidates based purely on political positions without any policy recommendations is hindering the development of the crypto industry (similar to what tribalism has done for years)," adding: Vice President Harris on...
Bloomberg senior ETF analyst Eric Balchunas explained on social media platform X on Wednesday that it appears the final deadline for the Solana ETF is mid-March 2025. But the most important date between now and then is November. If Biden wins, these ETFs are likely to be eliminated. If Trump wins, anything is possible.