Market Wrap: Bitcoin Back Above $48K, Expect Consolidation

Cryptos gain alongside stocks.

Markets  ·  25 August 2021

Paxos Renames Standard Stablecoin as Pax Dollar

USDP's updated smart contract will go live on Aug. 31.

News  ·  24 August 2021

Market Wrap: Bitcoin Stalls Near $50K Ahead of Options Expiration Date

Bitcoin slipped below $50K and will likely consolidate this week, analysts say.

Markets  ·  23 August 2021

USDC to Be Backed 100% by Cash, US Treasurys

The USDC developer revealed last month that only 61% of tokens were backed by "cash and cash equivalents."

News  ·  23 August 2021

Coinbase Says USDC Reserves to Be Held in Cash, Short-Term Treasurys From September

President and COO Emilie Choi in a Twitter post on Monday clarified earlier language on the crypto exchange's website.

News  ·  23 August 2021
Federal Reserve

Crypto Made the Agenda at Last Month’s Fed Meeting

This appears to be the first time the topic has come up in the seminal monthly FOMC meeting.

Policy & regulation  ·  18 August 2021

Facebook: Novi Digital Wallet Is ‘Ready to Come to Market’

Novi’s David Marcus said Facebook deserves “a fair shot” at payments.

Tech  ·  18 August 2021

The Race for Stablecoin Transparency

Stablecoins have been improving their reporting on reserves, but transparency makes an already difficult business model more complicated to execute, says our columnist.

Opinion  ·  16 August 2021

What We Know – and Don’t Know – About Stablecoins’ Dollar Backing

As information disclosed by issuers varies, it's not easy for investors to make apple-to-apple comparisons.

Markets  ·  10 August 2021

Tether Reveals More Details About Its Reserves

Roughly 93% of Tether's commercial paper and certificates of deposit holdings was rated A-2 and above, while 1.5% was rated below A-3.

Markets  ·  9 August 2021

Market Wrap: Ethereum Hard Fork Rally Outperforms Bitcoin

Ether is up 3% over the past 24 hours.

Markets  ·  5 August 2021

Global Precious Metals Retailer Kitco to Issue Gold-Backed Stablecoin

Kitco Gold will be backed by physical gold stored in vaults and track the real-time market value of the yellow metal.

News  ·  4 August 2021

Market Wrap: Bitcoin in Pullback Mode as Regulatory Concerns Rise

Bitcoin is declining as regulatory concerns rise; ether is holding support.

Markets  ·  3 August 2021

Crypto Long & Short: What’s Going On With Tether?

Since the end of May, tether's growth has gone completely flat.

Markets  ·  1 August 2021

Market Wrap: Bitcoin Hits Two-Month High After Late Day Surge

Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.

Markets  ·  30 July 2021