Cryptocurrency

Cryptocurrency

Balaji Urges Crypto Industry to Build Tools for Refugees

Tech investor and former Coinbase chief technology officer Balaji Srinivasan has called on the crypto industry to develop more financial tools for refugees and stateless people. In a Saturday post on X, Srinivasan said the number of displaced individuals could grow as global conflicts intensify and economic migration increases. He pointed to examples ranging from … Read more

Cryptocurrency

USDC Market Cap Nears $80B as UAE Capital Flight Drives Demand

The market capitalization of the USDC stablecoin is approaching a record high near $80 billion as demand surges in the Middle East, with one analyst linking the spike to capital flight from the United Arab Emirates. According to data from CoinMarketCap, USDC (USDC)’s circulating supply has risen to roughly $79.2 billion, marking a new all-time … Read more

Cryptocurrency

BlackRock Won’t Consider Exotic Crypto ETFs

BlackRock’s digital assets head, Robert Mitchnick, said the $14 trillion asset manager won’t get too creative with the types of crypto exchange-traded funds it offers, even as it launched a staking-focused Ether ETF on Thursday. Speaking on CNBC’s Crypto World segment on Friday, Mitchnick acknowledged that some of the crypto ETF structures that other asset … Read more

Cryptocurrency

Stablecoins Could Power Global Payments: Druckenmiller

Billionaire investor Stanley Druckenmiller said blockchain and stablecoins may only be a decade away from powering the global payments system — though he isn’t sold on the idea of crypto functioning as a store of value. In an interview with Morgan Stanley recorded on Jan. 30 and released on Friday, the former hedge fund manager … Read more

Cryptocurrency

Bitcoin Strength Stuns Bears But They Haven’t Given Up Yet

Key takeaways: Bitcoin sits above $71,000 as weak US economic data and the US and Israel-Iran war drive investors toward scarce assets. Tech stocks’ correlation to BTC and rising oil prices suggest that the 5-month correction from $126,000 might not be over. Bitcoin (BTC) jumped above $73,000 on Friday, successfully locking in the 70,000 support … Read more

Cryptocurrency

Federal Court Rejects Custodia Bank’s Master Account Request

A US federal court has rejected Custodia Bank’s final attempt to challenge the Federal Reserve’s authority over granting master accounts — effectively ending the crypto-focused bank’s five-year-long battle for direct access to the central bank’s payment system. The US Court of Appeals for the Tenth Circuit said in a filing on Friday that it wouldn’t … Read more

Scroll to Top