Auto Added by WPeMatico

More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse

For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec.…

Continue ReadingMore Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse

US Senator Introduces Bill to Regulate Payment Stablecoins

A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has…

Continue ReadingUS Senator Introduces Bill to Regulate Payment Stablecoins

Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision,…

Continue ReadingPaxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

2022’s Market Review: Crypto Economy Loses $1.4T, Top 10 Token Knockouts, Terra’s Collapse

2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021,…

Continue Reading2022’s Market Review: Crypto Economy Loses $1.4T, Top 10 Token Knockouts, Terra’s Collapse

Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets

The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset…

Continue ReadingBasel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets