In a move that could have far-reaching implications for the cryptocurrency industry, President-elect Donald Trump is planning to designate cryptocurrency as a national priority, according to sources familiar with the plans. The executive order, which is expected to be released soon after Trump takes office,...
The “foundation is forming” for stablecoins to become a universal payment method, Chris Colson, payments expert at the Federal Reserve Bank of Atlanta, wrote in a Monday (Jan. 13) blog post. “When I first heard about stablecoins, they were a niche tool for crypto traders...
Cryptocurrency exchange Coinbase said Tuesday (Jan. 14) that it is investigating a problem with delayed sends of Ripple (XRP) on its platform. “We are aware that some users may be experiencing delayed sends for Ripple (XRP),” Coinbase said in an incident report on its status...
Digital lender FV Bank is expanding its stablecoin capabilities via a partnership with PayPal. The bank announced Thursday (Jan. 9) that it was integrating PayPal’s stablecoin PayPal USD (PYUSD) for direct deposits and outbound payments. This feature, which is now live for account holders, allows...
Gary Gensler will step down as chair of the U.S. Securities and Exchange Commission (SEC) Jan. 20 with the inauguration of President-elect Donald Trump. But that didn’t stop Gensler from expressing concerns that more needs to be done to regulate the cryptocurrency market, particularly altcoins...
This year will likely see more governments and central banks purchase bitcoin. That’s according to a new report on the digital asset space by Fidelity published Tuesday (Jan. 7), which argues that the world’s nation-states will be among the next “significant investors” in the most popular cryptocurrency. The report...
Ripple says it has begun leveraging the Chainlink standard, a move designed to provide “high-quality pricing data” around its Ripple USD (RLUSD) stablecoin. “By adopting the Chainlink standard for verifiable data on the Ethereum blockchain, Ripple is enhancing the utility of RLUSD across the onchain...
The 119th U.S. Congressional session has begun, and the digital asset sector is hoping there will soon be favorable and clear regulatory guardrails for cryptocurrency markets and stablecoins. During his campaign, President-elect Donald Trump pledged to transform the United States into the “crypto capital of...
There has been a quiet uproar happening in the crypto space, and it’s not bitcoin’s surging price. Rather, it is the ongoing accusations by U.S. crypto exchange Coinbase, as well as other stakeholders in the crypto space, that the Federal Deposit Insurance Corporation (FDIC) has been engaged...
