Stablecoin
Bitcoin Rises for a Fifth Day; DeFi Platform Nears $1B in Total Value Locked
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the price of bitcoin (BTC) is rising for a fifth day, surpassing the $47,000 mark early on Friday. Pendle has almost reached $1 billion in total value locked, with most of that value locked in within the last six months. And, crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.
The Future of Stablecoin-Powered Shopping
Eco, which is the builder behind Ethereum layer 2 wallet Beam, just acquired stablecoin shopping app Join. Andy Bromberg, Beam CEO and Eco Protocol contributor joins "First Mover" to discuss how the integration will allow customers to spend stablecoins like USDT or USDC in online stores, the potential benefits when compared to credit cards and the future of stablecoin regulation.
What Is the Killer Use Case for Stablecoins?
Andy Bromberg, Beam CEO and Eco Protocol contributor answers some rapid fire questions from CoinDesk's Jennifer Sanasie about the first thing he bought using crypto, the issues with fiat currency and provides a simple explanation of stablecoins.
Grayscale Begins Trading First Spot Bitcoin ETF; Circle Files for IPO
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry from Grayscale claiming bragging rights for being the first product to begin trading to stablecoin issuer Circle Internet Financial filing for an IPO. Plus insights on X no longer support NFT profile pictures.
How Stablecoins Could Expand Into Payments Next Year
A recent Bitwise report titled, “The Year Ahead: 10 Crypto Predictions for 2024,” reveals the asset manager expects the crypto bull market will return and the use of stablecoins will rapidly expand into payments and remittances. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including bitcoin (BTC) and ether (ETH) leading in liquidation heatmap with over $335 million in rekt positions in the last 12 hours. Stablecoin issuer Tether froze 41 wallets controlled by people on the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List. And, Pudgy Penguins are marching into a new industry.
Why the Crypto Industry Is So Upset About the IRS’ Proposed New Tax Reporting Rules
Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry’s specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are.
Stablecoin Activity 'Starting to Move Outside of the U.S.': Chainalysis Exec
Despite crypto winter, Chainalysis says that stablecoin activity has remained resilient, but most of the growth is happening outside the US. Chainalysis Global VP of Public Policy Caroline Malcolm discusses the key takeaways and the what the future of stablecoin regulation could look like.
Curve Finance’s Stablecoin Maintains Peg as Others Struggle: Kaiko
Curve Finance's stablecoin, crvUSD, is maintaining its peg as other stablecoins struggle, emerging as a rare bright spot amidst a bear market that has hit DeFi protocols especially hard, according to Kaiko data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
SEC Is 'Poking and Prodding Around' With PayPal Subpoena: Analyst
PayPal (PYPL) said in a filing that the company received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin. Tactive Wealth Advisor Eddy Gifford weighs in on what the subpoena could mean for the global payments giant. "It's just the SEC poking and prodding around," Gifford said. But it serves as a reminder that "if you are in the cryptocurrency space, you better be doing things by the book."
