Last week, the U.S. Treasury’s top official for financial oversight urged lawmakers on Capitol Hill to act fast to protect not just investors but the entire financial system to risks posed by stablecoins. The bigger issue that the U.S. Treasury undersecretary for domestic finance has identified, is what exactly those stablecoins are invested in to. […]
While bitcoin has been subject to the same criticisms that gold has endured – that it doesn’t do anything, pays no interest or dividends and doesn’t reflect the performance of the economy, it has been feted as a store of value. Both gold and bitcoin are also seen as protection against the systematic debasement of […]
Bitcoin’s growing susceptibility to macro events was on full display this weekend as it fell far more sharply compared with altcoins. Because more institutional investors are involved with bitcoin now than at any other point in history, the odds are that bitcoin will be more susceptible to macro shifts is a given, and with […]
Fidelity Investments puts in a bid to launch a bitcoin ETF with real bitcoin inside in the U.S., even as it launches one in Canada. FBTC is scheduled to launch on the Toronto stock exchange on Thursday and comes more than eight months after it filed with the SEC to launch a similar spot bitcoin […]