Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won’t be allowed from third-party firms.
Read MoreCrypto-friendly fintech Revolut gains full UK banking license
The move is a major step in Revolut’s goal to become a global digital bank. Services like crypto and stock trading remain separate.
Read MoreBloomberg strategist doubles down on $10,000 bitcoin call but peers say it would take a nuclear war to get there
The longtime bitcoin bear’s gloom-and-doom call met with fierce rebuttal from industry analysts.
Read MoreThe Protocol: Ethereum Foundation starts experimenting with ‘DVT-lite’ technology
Also: Nvidia’s rare blog, Aave liquidations, and Pudgy Penguins new game.
Read MoreEuropean Central Bank unveils tokenized finance plan to bolster EU’s financial autonomy
The Appia roadmap for a euro-based tokenized financial system is part of the European Union’s push to reduce reliance on foreign financial infrastructure.
Read MoreWells Fargo signals deeper push into crypto, filing trademark for WFUSD
The move mirrors JPMorgan’s similar trademark filing that foreshadowed the bank’s introduction of tokenized deposits on Ethereum layer-2 network Base.
Read MoreCrypto Long & Short: AI agents choosing denationalized money
In this week’s Crypto Long & Short Newsletter, Sylvia To on AI agents choosing denationalized money.
Read MoreBitcoin reverses overnight losses, rising to above $70,000 as oil renews decline
Wednesday morning’s U.S. inflation data was in line with forecasts, and markets continue to price out any chance of a Fed rate cut at either the March or April meetings.
Read MoreFormer legal executives from crypto exchange OKX unveil DeFi connectivity, risk-rating service
Shredpay targets U.S. retail and institutional users looking for ease of use and a comprehensive risk rating.
Read MoreBinance.US names compliance veteran as CEO as regulation, competition get tougher
The appointment of Stephen Gregory comes as U.S. crypto exchanges intensify competition and broaden offerings beyond digital assets.
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