Japan’s top banking regulator will introduce new legislation in 2022 that seeks to limit the issuance of stablecoins to banks and wire transfer companies, according to a report from Nikkei Asia on Monday. The regulations that will be proposed by Japan’s Financial Services Agency (FSA) are an effort to tighten the agency’s grip on the […]
Continue Reading
Bitcoin (BTC) is stabilizing above its 200-day moving average, currently at $46,000, after a near-20% sell-off over the weekend. The cryptocurrency was trading around $49,000 at the time of publication and is roughly flat over the past 24 hours and down about 15% over the past week. The relative strength index (RSI) on the daily […]
Continue Reading
Banks are more interested in cryptocurrencies than at any previous time – but they need to be careful, a U.S. federal regulator said Monday. The Office of the Comptroller of the Currency (OCC) published its Semiannual Risk Perspective report for the fall of 2021, outlining what the agency sees as the key and emerging risks […]
Continue ReadingThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk […]
Continue ReadingRLC is the native cryptocurrency of iExec, a decentralized computing platform built on the Ethereum blockchain that allows users to make money on their spare computing power by renting it out to others. This computing power can be used to power decentralized applications, run off-chain computations or perform a range of other functions. RLC price […]
Continue Reading
Metaverse and gaming-related tokens have suffered steep losses during a time when the broader crypto market is fighting through a weekend sell-off. Decentraland (MANA), the top-ranking metaverse asset according to the cryptocurrency analysis firm Messari, is down 25% in the last seven days. MANA reached a market capitalization of $10 billion on Nov. 25 but […]
Continue ReadingCurve DAO token (CRV) is the native asset underpinning one of the world’s largest decentralized finance (DeFi) platforms Curve.Finance, a decentralized exchange used to trade cryptocurrencies (especially stablecoins) without the need for a middleman. CRV price CRV, also known as the Curve DAO token, is capped at a total of 3.03 billion tokens, according to […]
Continue Reading
While bitcoin tanked last week, pulling the broader crypto market lower, there was one bright spot. The ether-bitcoin (ETH/BTC) ratio rose 13%, reaching a 3 1/2-year high and registering its best weekly performance since May. The move was unique. Historically the pair has rallied during market-wide bull runs characterized by buying frenzy in ETH and […]
Continue Reading
U.S.-based cryptocurrency exchange Gemini plans to allow users in Colombia to trade crypto through a partnership with its largest private bank, Bancolombia. Starting on Dec. 14, Gemini will allow a select group of Bancolombia’s users to trade bitcoin, ether, litecoin and bitcoin cash through an on-and-off-ramp, Cynthia del Pozo García, Gemini’s principal of strategy and […]
Continue Reading
Yes, it’s a Ponzi scheme. But who cares? So are the dollars in your pocket. If you haven’t heard about it, Olympus DAO is a decentralized finance (DeFi) protocol whose primary use case seems to be “making people extremely angry.” Skeptics argue that its core functionality – a staking scheme with an annual percentage yield […]
Continue Reading