Tag: Crypto

China’s Decision To Pay Interest On Digital Yuan Gives Them Competitive Advantage Over The US, Says Brian Armstrong: ‘Rewards Benefit Ordinary People’

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong expressed concerns on Wednesday over the competitiveness of dollar-pegged stablecoins in light of China’s decision to pay interest on its central bank digital currency. Armstrong Questions Policymakers In an X post, Armstrong argued that China’s move to pay interest on its official digital currency, Digital Yuan,...
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Crypto Market Structure Bill Close to Passing: Senator Lummis

“We’ve come so far, and we are close to a bipartisan legislation that will stand the test of time,” said Wyoming Senator Cynthia Lummis on Wednesday. She pointed out that the industry has come a long way over the past five years, highlighting the FTX collapse, the Federal Reserve...
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Gavin Newsom ‘Stealing’ People’s Bitcoin? Gemini Exchange Co-Founder Accuses California Governor Of Feeding His ‘Money Pit’ Machine

Tyler Winklevoss, co-founder of Gemini Space Station, Inc. (NASDAQ:GEMI), slammed the state of California and Governor Gavin Newsom on Wednesday for approving a bill that lets authorities take control of unclaimed cryptocurrency. Winklevoss Targets Newsom In an X post, Winklevoss alleged that the “failed state” of California wants to “steal”...
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Morgan Stanley Files For Ethereum ETF Amid Major Crypto Push

Wall Street behemoth Morgan Stanley is expanding its recent push into crypto Exchange-Traded Funds (ETFs) and has filed a registration statement for an Ethereum (ETH) Trust with the US Securities and Exchange Commission (SEC). Morgan Stanley Files For Ethereum Trust On Tuesday, banking giant Morgan Stanley submitted an S-1...
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Bitcoin Faces a $40T Debt Stress Test as a Quiet Buyer Steps In

Bitcoin is brushing up against a major macro story: U.S. government debt has passed $37 trillion, and some analysts are calling the next stretch a $40 trillion stress test for the system. BTC has held near recent highs while ETF inflows crossed $1.5 billion this month, a sign that...
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