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Electric vehicles snubbed as US-India trade deal slashes luxury car tariffs
#Tech
3 mins read
2 months ago

Electric vehicles snubbed as US-India trade deal slashes luxury car tariffs

Why can't anyone identify the trigger for crypto sell‑off that knocked Bitcoin back to $60,000?
#News
3 mins read
2 months ago

Why can’t anyone identify the trigger for crypto sell‑off that knocked Bitcoin back to $60,000?

How China could rule the humanoid robot industry before it even starts
#Tech
3 mins read
2 months ago

How China could rule the humanoid robot industry before it even starts

Crypto futures volume soars in Russia amid Bitcoin market volatility
#News
3 mins read
2 months ago

Crypto futures volume soars in Russia amid Bitcoin market volatility

UAE claims lead in number of tokenized real estate assets globally
#News
2 mins read
2 months ago

UAE claims lead in number of tokenized real estate assets globally

California high school students arrested in plot to steal crypto, police say
#News
3 mins read
2 months ago

California high school students arrested in plot to steal crypto, police say

21Shares files for an ONDO ETF.
#News
3 mins read
2 months ago

21Shares files for an ONDO ETF

Crypto-friendly Erebor Bank wins first new bank charter under Trump administration.
#News
3 mins read
2 months ago

Crypto-friendly Erebor Bank wins first new bank charter under Trump administration

Golden Trump statue remains uninstalled amid $92,000 balance issue.
#News
3 mins read
2 months ago

Golden Trump statue remains uninstalled amid $92,000 balance issue

US and India unlock major trade breakthrough after tariff standoff.
#Economy
3 mins read
2 months ago

US and India unlock major trade breakthrough after tariff standoff

Fed maintains public trust as Bostic remains confident in reaching 2% inflation target
#Economy
3 mins read
2 months ago

Fed maintains public trust as Bostic remains confident in reaching 2% inflation target

Why did the U.S. Treasury buy back $2 billion of its own debt?
#Economy
3 mins read
2 months ago

Why did the U.S. Treasury buy back $2 billion of its own debt?

Binance CZ teases more stablecoins via talks with countries.
#News
3 mins read
2 months ago

Binance CZ teases more stablecoins via talks with countries

Why tokenized assets aren’t liquid (yet).
#Cryptocurrency Guides
8 mins read
2 months ago

Why tokenized assets aren’t liquid (yet)

Senator moves to block chip sale after UAE funneled millions to Trump family business
#Economy
3 mins read
2 months ago

Senator moves to block chip sale after UAE funneled millions to Trump family business

Prediction market Kalshi seeks US approval to offer margin trades.
#News
3 mins read
2 months ago

Prediction market Kalshi seeks US approval to offer margin trades

US investors abandon BTC, Coinbase premium indicator goes deep in the red.
#Bitcoin
2 mins read
2 months ago

US investors abandon BTC, Coinbase premium indicator goes deep in the red

Stablecoin inflows surge by 100% despite ongoing crypto sell-off.
#News
2 mins read
2 months ago

Stablecoin inflows surge by 100% despite ongoing crypto sell-off

Tether invests $150 million in gold amid the coldest crypto winter.
#Tether
2 mins read
2 months ago

Tether invests $150 million in gold amid the coldest crypto winter

Nevada regulator fails to secure emergency ban on Coinbase prediction markets.
#Regulation
3 mins read
2 months ago

Nevada regulator fails to secure emergency ban on Coinbase prediction markets

Capitol Hill braces for another Trump ethics standoff over crypto bill.
#News
3 mins read
2 months ago

Capitol Hill braces for another Trump ethics standoff over crypto bill

Kazakhstan to build its ‘crypto city’ with help from China.
#Business
3 mins read
2 months ago

Kazakhstan to build its ‘crypto city’ with help from China

US House launches a probe into WLFI after report of $500 million UAE stake.
#News
3 mins read
2 months ago

US House launches a probe into WLFI after report of $500 million UAE stake

Tether’s USDT hits record $187.3B market cap as crypto slides after October liquidations.
#Tether
2 mins read
2 months ago

Tether’s USDT hits record $187.3B market cap as crypto slides after October liquidations

Major Russian bank to launch loans secured by Bitcoin
#Business
3 mins read
2 months ago

Major Russian bank to launch loans secured by Bitcoin

#Economy
2 mins read
2 months ago

Lower euro inflation of 1.7% may boost crypto prices in Europe

Senators push $70 billion boost to Export Bank for critical minerals to counter China
#Economy
3 mins read
2 months ago

Senators push $70 billion boost to Export Bank for critical minerals to counter China

AVs in focus as Waymo, Uber defend future against 'competition'.
#Business
3 mins read
2 months ago

AVs in focus as Waymo, Uber defend future against ‘competition’

European Union to sign MoU with Trump administration on rare earth supply
#Economy
2 mins read
2 months ago

European Union to sign MoU with Trump administration on rare earth supply

Nintendo maintains Switch 2 sales forecast as momentum steadies.
#Tech
2 mins read
2 months ago

Nintendo maintains Switch 2 sales forecast as momentum steadies

Damaging UAE crypto deal sparks corruption allegations against Trump administration.
#News
3 mins read
2 months ago

Damaging UAE crypto deal sparks corruption allegations against Trump administration

Arizona warns as crypto ATM scams drain millions from residents.
#News
2 mins read
2 months ago

Arizona warns as crypto ATM scams drain millions from residents

ISM Manufacturing surge fuels Bitcoin, crypto recovery hopes as index hits 2 year high.
#News
2 mins read
2 months ago

ISM Manufacturing surge fuels Bitcoin, crypto recovery hopes as index hits 2 year high

Electric vehicles snubbed as US-India trade deal slashes luxury car tariffs
#Economy
3 mins read
2 months ago

Trump to slash tariffs on Indian exports from 25% to 18% after Modi call

Crypto firms and Wall Street banks are now fighting for control over how money works in the digital age. At the center of it is the stablecoin. Behind every coffee tap or online purchase, there’s a payment system most people never think about. JPMorgan alone handles 6,000 transactions per second around the world. Crypto companies want in. They’re pushing for stablecoins to replace the old system. They say it’s faster, cheaper, and built for the internet. Banks say it’s reckless and could wreck the financial system. Banks want to block stablecoin rewards before it's too late Right now, stablecoin issuers can’t offer interest. But platforms like Coinbase, Kraken, and Gemini still can. That’s the gap banks want closed. They’re lobbying Congress to ban interest on stablecoins across the board. They argue crypto companies are acting like banks without following banking rules. JPMorgan’s CFO, Jeremy Barnum, warned it could lead to a “parallel banking system.” A Treasury study said $6.6 trillion could leave banks for stablecoins. Fed economist Jessie Wang said it might be closer to $65 billion, but banks aren’t taking chances. Coinbase pulled support from the crypto bill in January. Brian Armstrong, the CEO, said, “We’d rather have no bill than a bad bill.” Lobbyists are now meeting in Washington, trying to find a middle ground. But the banks don’t want crypto firms paying interest at all. They think it’s unfair competition. Trump-backed crypto firms step into politics and banking Crypto firms aren’t sitting back. They’ve raised $193 million ahead of the midterms to back pro-crypto lawmakers. Donald Trump, now in his second term, supports stablecoins. His family business even launched one and applied for a U.S. bank license. The Federal Reserve is deciding whether to give crypto companies “skinny” accounts to access Fed payment systems directly. Banks hate the idea. Meanwhile, Europe already set its crypto rules in 2024. Benchmark’s Mark Palmer said this is a big moment for banks and fintechs that have ignored stablecoins until now. Ripple’s Jack McDonald said banks are scared of losing the deposit business, where they barely pay interest. Circle’s Jeremy Allaire told people in Davos this is no different from when money market funds started and banks freaked out back then too. Regulators fear de-pegs, criminal use, and bank runs There’s real concern about what happens if stablecoins break. In 2023, when Silicon Valley Bank collapsed, Circle’s USDC dropped below $1. It had 8% of reserves locked in the failed bank. Circle pushed for a rescue, and the peg held, but it showed how shaky things could get. The European Central Bank warned that a run on stablecoins could force them to sell billions in U.S. Treasuries fast, causing damage. Hilary Allen from American University said a stablecoin panic could spark a run on the entire Treasury market. In the UK, the Bank of England wants to cap stablecoin holdings at £20,000 for people and £10 million for companies to slow deposit outflows. Crypto firms hate the idea. They say it would stop the industry from growing. Banks worry that as stablecoins grow, they’ll have less money to lend for things like mortgages or business loans. Philipp Paech from the London School of Economics said less liquidity means higher loan costs, weaker banks, and a less stable system. Governments are now worried crypto firms will try to become banks. Circle, Ripple, and others got conditional trust charters to offer custody and brokerage services. Their customers still don’t get insured deposits. Bybit is working on launching actual bank accounts. The Bank Policy Institute fought back last year. They said crypto firms want the perks of being banks without the rules. Allaire responded at Davos that lending is now moving away from banks. He wants stablecoins to be “very, very safe money” backed by regulated reserves. Right now, most stablecoin use comes from traders moving in and out of crypto. But the future could look very different. Banks and asset managers are already experimenting. Société Générale created euro and dollar stablecoins. BNP Paribas, UniCredit, and Standard Chartered are building theirs too. Citi and Bank of America are exploring the same path. Even PayPal and Western Union are joining in. The New York Stock Exchange is working on a tokenized stock platform. Goldman Sachs CEO David Solomon said they’re already playing with the tech. But stablecoins also carry a darker side. Chainalysis said they made up 84% of illicit crypto transactions last year. Tether often shows up in global criminal cases. The company says it works with law enforcement in 48 countries. Some experts think stablecoins aren’t that special. Paech said they’re just like e-money systems used by PayPal. He said they only stand out “in the dodgy corners of the economy,” like money laundering.
#Regulation
3 mins read
2 months ago

Crypto lobby, Wall Street banks square off on stablecoin yields and market structure

Epstein pitched Davos as UN replacement in new world order
#Economy
3 mins read
2 months ago

Epstein pitched Davos as UN replacement in new world order

Does Adam Back’s Blockstream have financial ties to Jeffrey Epstein?
#News
2 mins read
2 months ago

Does Adam Back’s Blockstream have financial ties to Jeffrey Epstein?

How will incoming Fed chairman Kevin Warsh handle $6.6T balance sheet and QE legacy?
#Economy
3 mins read
2 months ago

How will incoming Fed chairman Kevin Warsh handle $6.6T balance sheet and QE legacy?

Persistent shutdown threats boost de-dollarization momentum
#Economy
2 mins read
2 months ago

Persistent shutdown threats boost de-dollarization momentum

China's Jinping outlines plans for “powerful” yuan to gain global reserve status amid dollar crash.
#Economy
3 mins read
2 months ago

China’s Jinping outlines plans for “powerful” yuan to gain global reserve status amid dollar crash

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