Circle CEO Jeremy Allaire said stablecoins are poised to become essential financial tools worldwide due to their potential to streamline cross-border trade and drive efficiencies in emerging markets, South China Morning Post reported. Speaking at the Hong Kong FinTech Week 2024 on Nov. 5, Allaire positioned stablecoins, particularly USDC, as a vital component in modernizing…
On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are combining resources and expertise to increase stablecoin adoption and expand real-world use cases with the launch of the Global Dollar USDG stablecoin. Paxos will be…
The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.
Ethereum Foundation contributor Josh Stark highlighted Ethereum’s (ETH) “hardness” as its defining quality in the digital economy, emphasizing its ability to provide unmatched predictability and immutability for decentralized applications. Stark argued that these qualities make Ethereum a resilient foundation, setting it apart from other blockchains and traditional institutions. His statement comes amid Ethereum’s price struggles…
Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.
Up-to-the minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation from CoinDesk.
Polymarket soared to unprecedented highs on Election Day, with open interest reaching $463 million as users flocked to bet on the high-stakes race between former President Donald Trump and Vice President Kamala Harris. This surge marked a 40% increase in open interest from the previous week, underscoring Polymarket’s growing status as a pulse of political…
The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13…
As the US presidential election approaches its conclusion, altcoins have become a focal point for traders, who anticipate a significant market impact based on the outcome, according to a Bloomberg News report. The report noted that while Bitcoin (BTC) holds steady at around $70,000 — roughly 5% below its all-time high — altcoins like Dogecoin…
Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead.