Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregistered security” and ordering Paxos to stop minting new tokens. Do these moves signal a wider war by U.S. regulators on stablecoins? Could the SEC declare all stablecoins securities, or is BUSD a special case? Independent crypto
Month: March 2023
Bitcoin (BTC) moved just 0.03% last month in United State dollar terms, making February 2023 likely its least volatile in history. Data from Coinglass after the monthly close confirms that BTC/USD went practically nowhere for four weeks straight. Bitcoin monthly candle barely leaves a trace To say that Bitcoin is less volatile than it was is
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Bitcoin (BTC) miner Marathon Digital will reissue a number of previous financial statements after the United States Securities and Exchange Commission pointed out some accounting errors the firm made. According to a Feb. 27 SEC filing, Marathon will restate its unaudited Q1, Q2, and Q3 quarterly reports from both 2021 and 2022 in addition to
In a new blog post published on Feb. 28, Ethereum co-founder Vitalik Buterin documented the continued need to improve the network to better facilitate Ether (ETH) as a means of payment. Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in 2021 but had to
The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin (BTC) retraced 60% of the move from February’s low
A move by Binance US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers. A Feb. 28 court filing shows an overwhelming majority of Voyager Digital account holders are in favor of the buyout from the United States-based arm of the crypto exchange Binance.
A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. “The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of
The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel’s upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative remarks from regulators. Total crypto
Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead to network congestion. On top of that,
Japan has consistently been a leader in the tech industry, so it’s a logical step forward that, given current trends in the space, the Cool Japan movement might incorporate Web3 to strengthen its initiative. Bringing Web3 into the mix alongside the popular culture aspects of the movement could prove a boon for the mission, but