U.S. House Stablecoin Bill Goes Live in Flurry of Crypto Activity on Capitol Hill
The U.S. Congress’ opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the…
Category: CoinDesk
Unicoin CEO: Why Are We Still Under the SEC’s Gun?
WASHINGTON, D.C. — Unicoin CEO Alex Konanykhin said he’s asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and…
The Protocol: Ethereum’s Final Pectra Test Goes Live
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller. In this issue: Ethereum’s Final Pectra…
GameStop Raising $1.3B of Convertible Debt for Bitcoin Purchases
Just 24 hours after adding its name to the roster of companies pursuing a bitcoin (BTC) treasury strategy, GameStop (GME) — led by its CEO…
Wyoming State Gears Towards Launching a Stablecoin This Year
Wyoming state is making steps towards launching a stablecoin later this year, which could be the first fiat-backed and fully reserved token issued by a…
Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill
U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited…
Bitcoin Rally Reverses Despite Supposedly Bullish GameStop News
Bitcoin’s (BTC) rise following GameStop’s Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during…
Banks’ Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs
Banks across the globe held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody in the second quarter of 2024 but…
GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%
Shares of GameStop (GME) traded 16% higher on Wednesday after the company announced that it would start buying bitcoin (BTC) to add to its balance…
LatAm Exchange TruBit Taps Crypto Lending Platform Morpho for DeFi Earn Offering
TruBit, a Latin America-based cryptocurrency exchange with regulatory licenses in Mexico and Argentina, is offering users in the region a decentralized finance (DeFi) yield product…