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Uniswap and Spark aim to build the FX market for stablecoins as banks and fintechs enter

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Uniswap (UNI) and Spark are betting that as the number of stablecoins grows, the market will need the equivalent of an exchange network to move liquidity between issuers. Spark, a decentralized finance (DeFi) protocol focused on stablecoin liquidity, said Thursday that it is working with decentralized exchange Uniswap to create what it calls an “FX […]

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CZ after prison says time behind bars didn’t hurt billionaire’s business after Binance

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“I don’t have any hard feelings or anything, right? I just want to help grow crypto all over the world, and to do that we need to help grow crypto in America.” The Canadian national said he would not participate at any level in U.S. politics, despite his industry’s growing reputation for political campaigning and

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$2.5B Asset Manager Invesco Files Tokenized Fund Targeting Stablecoin Reserves

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Invesco’s move is another sign that asset managers are increasingly seeking a new business opportunity created by stablecoins. These cryptocurrencies are designed to maintain a fixed value, usually linked to a US dollar, and are backed by reserve assets such as cash and short-term Treasury bills. As emissions increase, so does the demand for companies

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Seven tactical questions to ask when considering transferring your bitcoin

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Crypto held in an IRA or 401(k) is treated differently. These accounts generally do not benefit from an increase in value. Instead, they continue to follow the rules applicable to retirement assets. Distributions are generally taxed as ordinary income, and in many cases, non-spouse beneficiaries must withdraw the entire account balance within 10 years. Mixing

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BTC could fall as low as $48,000 in final capitulation

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Bitcoin BTC$59,248.05 could be approaching a major turning point after a rare combination of on-chain indicators issued signals that have historically coincided with market lows, according to Chris Sullivan, co-founder and portfolio manager of digital asset hedge fund Hyperion Decimus. In a recent report, the hedge fund explained that four proprietary onchain signals have only

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Kraken eyes 15% stake in DeFi lender Aave in protocol valuing $385 million

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Aave is the largest decentralized lending protocol, allowing users to lend and borrow crypto assets without intermediaries. Depositors earn yield by providing tokens to liquidity pools, while borrowers provide crypto collateral to take out loans, with smart contracts automatically managing the process. The protocol was placed at the center of one of DeFi’s biggest crises

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Correlation between STRC and BTC hits an all-time high

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Bitcoin Holder Strategy Inc.’s perpetual preferred shares, known as STRC or “Stretch,” show an increasingly close connection to that of Bitcoin. BTC$59,449.50 price movements. This weakens its appeal as a relatively stable source of income. The 90-day correlation coefficient between the two has climbed to almost 0.70, the highest level since the instrument’s launch in

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