Kitco Gold will be backed by physical gold stored in vaults and track the real-time market value of the yellow metal.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
Recent regulatory developments could push stablecoins closer to the existing fiat system, unleashing competition for control over a lifeblood of the crypto industry, says our columnist.
Analysts see the cryptocurrency's price as remaining range-bound.
Analysts expect bitcoin to pause at around $40K before its next leg up.
Technical data suggests lower support around $34,000 could stabilize the current pullback.
The a16z-backed Eco, which loans out users’ deposits in USDC, says it’s keeping an eye on the BlockFi case.
The strong bounce in bitcoin over the weekend occurred as shorts covered positions.
The U.S. Department of Justice is investigating Tether for a possible offense conducted years ago, Bloomberg reported Monday.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
Haste is not conducive to the kind of nuanced regulatory approach needed for this fast-growing class of cryptos. Nor is scaremongering about “bank runs.”