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SEC is not the appropriate regulator for stablecoins: Circle CEO

Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities.
Cryptocurrency

Coinbase new blockchain seen as ‘massive confidence vote’ for Ethereum

One Ethereum bull hopes the launch will help onboard a host of other crypto companies and financial institutions onto Ethereum.
Cryptocurrency

Block’s Q4 Bitcoin revenue down 7% on crypto price decline

Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines.
Cryptocurrency

Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and...
Cryptocurrency

US Federal Reserve denies Custodia Bank’s request for Fed supervision

The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.
Cryptocurrency

IMF exec board endorses crypto policy framework, including no crypto as legal tender

The principles are broad and general, with the exception of the stand against crypto as legal tender, which the IMF has repeatedly expressed to...
Cryptocurrency

Snow Crash manuscript that coined the term ‘Metaverse’ to be auctioned by Sotheby’s

The manuscript is part of a larger series of physical and digital items related to the famous book.
Cryptocurrency

MEXC Global publishes proof of reserves after month long testing

The report showed high reserve ratios for USDT, USDC, BTC, and ETH.
Cryptocurrency

Platypus reveals compensation plan for users’ funds after attack

DeFi protocol Platypus seeks to return nearly 78% of the main pool funds by reminting frozen stablecoins.
Cryptocurrency

FTX Japan reports $50M in withdrawals since Feb. 21

According to the crypto exchange, 7,026 FTX Japan account holders had moved funds from the firm to Liquid Global — a requirement in order...
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