Jerome Powell, who has served as chair of the Federal Reserve since 2018, made a guarantee to lawmakers in the Senate regarding a US central bank digital currency. Source link
Day: February 11, 2025
SEC seeks comment on in-kind redemptions for Bitcoin, Ether ETFs
In-kind redemptions are more tax-efficient and stand to increase the appeal of spot crypto ETFs for institutional investors. Source link
Solana (SOL) price softens as onchain volumes drop 28% in a week
Solana price falls below $200 as the network’s onchain activity drops, but investors’ anticipation of a spot SOL ETF could prompt a recovery. Source link
Tokyo-listed gaming studio Gumi acquires 1 billion yen worth of Bitcoin
The BTC purchase is part of Gumi’s broader expansion into the blockchain sector, which includes acquiring and managing “high-quality tokens.” Source link
Szabo’s Micropayments and Mental Transaction Costs: 25 Years Later
What if every click you made online cost just a fraction of a penny? What if your favorite news site, your go-to streaming service, or even your daily email usage could be paid for at tiny increments, rather than one big chunk at the end of the month? This vision—where nearly every digital interaction could be monetized by “micropayments”—has hovered over the internet economy since its earliest days. But as Nick Szabo’s seminal 1999 paper, Micropayments and Mental Transaction Costs, pointed out, there’s a lot more than technology standing in…
‘My Big Coin’ founder ordered to pay $7.6M for crypto fraud scheme
The US District Court for the District of Massachusetts has ordered “My Big Coin” founder Randall Crater to pay $7.6 million to victims of the fraud scheme. Source link
Fold Launches Bitcoin Rewards Credit Card
Fold recently announced it will launch its Bitcoin Rewards Credit Card in partnership with Visa. 📣 Introducing the Fold Bitcoin Rewards Credit Card It pays to be a Fold+ Credit Cardholder ☑️2% Unlimited Bitcoin Rewards☑️Up to $250 Welcome Bonus☑️Free Metal Card Join and climb your way to the top of the waitlist. $200,000 of prizes await! Sign-up link and blog 👇 pic.twitter.com/kSrvKAgXQA — FOLD BITCOIN (@fold_app) February 11, 2025 Rewards for the card will vary depending on Fold membership level. Fold+ members will earn 2% back in bitcoin rewards and…
Crypto VCs are ‘especially bullish’ on DePIN, RWAs — HashKey partner
Crypto and blockchain venture capital deals are forecast to reach $18 billion this year, according to PitchBook. Source link
Tether selects Arbitrum to power crosschain stablecoin
Valued at more than $141 billion, Tether’s USDt is the world’s largest stablecoin by market capitalization and usage. Source link
Fed advocates for stablecoin framework to protect consumers, says Chair Powell
Key Takeaways The Fede supports a regulatory framework for stablecoins to protect consumers, as stated by Chair Jerome Powell. Powell emphasized the need to balance innovation with safeguarding financial stability. Share this article The Fed supports establishing a regulatory framework for stablecoins to protect consumers, Chair Jerome Powell said during his testimony to the Senate Banking Committee. During the hearing, Powell also stressed the need to reassess debanking, acknowledging the unintended consequences of regulation on the crypto industry. He said he would be committed to collaborating with committee Chair Tim…