Some industry pundits say USDM has superior properties to USDT and USDC in that it can’t be frozen — but problems could arise if regulators demand action.
USDM stablecoin eyes retail rollout next month: Mehen founder SEC hit with sanctions for its ‘gross abuse of power’ in Debt Box case The SEC initially conceded it misled the court but argued a sanction wasn’t appropriate.
Cardano finally gets fiat-backed stablecoin USDM after huge delays Mehen Finance planned to launch USDM in early 2023 but saw delays after crypto-friendly banks shuttered in 2023 and its banking partner went to work with Circle.
El Salvador’s Bitcoin wallet gets sats, cats and a cypherpunk manifesto Approximately $700 in satoshis were sent to El Salvador’s new “Bitcoin piggy bank” across dozens of donations.
Federal Reserve lists CBDCs as one of 7 ‘key duties’ to Congress “If you don’t think the Fed is pursuing a CBDC, think again,” said U.S. Representative Tom Emmer.
Peter Schiff once called Bitcoin a ‘pure ponzi’ now wishes he bought some Schiff claims he would have “kept quiet” had he bought Bitcoin because he never believed in its fundamentals.
MicroStrategy is on its second fundraising ploy this month to buy more Bitcoin The firm only just completed a $800 million raise earlier this week which was used to scoop up another 12,000 Bitcoin.
Bitcoin price rollercoaster liquidates $360M from long and short sellers 10x Research attributed the large liquidations to some traders anticipating a price correction, while others have fear of missing out (FOMO) that Bitcoin will keep rallying.
Coinbase shares dip after-hours as exchange plans $1B convertible notes offer Coinbase’s offering will better position the firm to pay off three existing debts due in 2026, 2028 and 2031.
Bitcoin is more of a ‘billion-dollar building in cyberspace,’ argues Saylor The MicroStrategy chairman argued that the U.S., Europe and China would be much more likely to embrace Bitcoin if it were seen as digital property, not a medium of exchange.
Bitcoin at ATH, but new ‘millionaire’ wallets are lagging — Kaiko On-chain Bitcoin whales have had a slow return despite Bitcoin surpassing its previous all-time high.
Bitcoin halving: What’s different this time around? Fewer Bitcoin entering circulation after the halving will be met with increased demand from spot Bitcoin ETF issuers, leading to a “continuous, but volatile upward grind” in price, a mining analyst says.
US prosecutors to continue tussle for Do Kwon’s extradition: Report The United States and South Korea have been fighting for Kwon’s extradition since he was arrested in March 2023.
Gemini mulled forming a ‘juggernaut’ with Genesis before it went to smoke Barry Silbert, CEO of Digital Currency Group once pitched creating a combined company with Gemini that could compete with the likes of Coinbase and FTX.
FTX, Alameda reaches ‘in principle’ settlement with BlockFi, paying $874M The bankrupt crypto companies have resolved their disputes for nearly $1 billion, which could lead to full recovery for BlockFi’s customers.
Arizona’s Senate mulls proposal to add Bitcoin ETFs to retirement portfolios Satoshi Action Fund CEO Dennis Porter said even adding a small amount of Bitcoin ETF exposure could “DRAMATICALLY” de-risk an asset portfolio.
Cryptoqueen’s brother is freed after 3 years jail over OneCoin scheme: Report After spending 34 months in prison, Konstantin Ignatov walked free after cooperating with prosecutors and agreeing to hand over $118,000 in ill-gotten gains.
Spot Bitcoin ETFs set trading volume record amid BTC price high U.S.-based Bitcoin ETFs saw $10 billion in trading volume on March 5, beating last week's $7.7 billion record.
Insanely bullish facts and figures about how the bull market may play out Bitcoin is currently priced at $68,300, a mere 1% off its all-time high of $69,000.
MicroStrategy set to raise $600M via convertible notes to buy more Bitcoin The $600 million in senior convertible notes will mature in March 2030, unless earlier repurchased, redeemed or converted into cash or MicroStrategy stock.
AI, ETFs will power a decade-long ‘gold rush’ for Bitcoin — Michael Saylor Institutions will compete to capture as much of Bitcoin’s ever-decreasing supply as possible until the end of 2034, as 99% of Bitcoin will have been mined by then, Saylor explained.
Bitcoin mining stocks dip more than 27% despite Bitcoin rally Head analyst Mitchell Askew of Blockware Solutions said a similar divergence occurred twice in 2023, which resulted in a “great opportunity” to buy mining stocks at a discount.
Bitcoin ETFs set for ‘even bigger wave’ in next few months: Bitwise Bitwise’s CIO Matt Hougan’s comments come as Bank of America’s Merrill Lynch and Wells Fargo reportedly started offering spot Bitcoin ETFs to its wealth clients.
Ongoing distrust in banks is holding back the fintech ’revolution’ A deep-rooted distrust toward banks in many developed countries subsists, so crypto and fintech firms will first need to regain their trust.
Gemini to return at least $1.1B to Earn customers in settlement with NYDFS Gemini said that 97% of the assets should be recoverable within two months and the remaining asset balance within the next 12 months.
Weekend Bitcoin trading drops due to TradFi institutions and spot ETFs The share of weekend BTC trading volume has been in decline since 2018 but has dropped considerably since the U.S. launch of spot Bitcoin ETFs in early January.
Serenity Shield’s token falls nearly 99% after MetaMask wallet breach The Serenity Shield team said it is “actively working” to redeploy all liquidity to new token contracts and will replace any liquidity from the exploit.
Mistral AI startup launches LLM to take on ChatGPT, Gemini and Claude Mistral AI also unveiled a partnership with Microsoft, which will make Mistral Large accessible on Azure AI Studio and Azure Machine Learning.
‘New nine’ spot Bitcoin ETF volumes reach new daily high as BTC nears $55K BlackRock’s IBIT made up more than 50% of the daily trading volume and even smashed its own daily record by more than 30%.
Riot Platforms, other miners still see chip shortage, ESG regs as risks Bitcoin mining firms often highlight these risks as standard in their annual reports, though the upcoming Bitcoin halving could heighten these associated risks.