Bitfarms share price has soared over 315% year to date, due to AI/HPC pivot. 🔗 Read Full Article
Visa Says It Wants to Build the Rails for Lending in ‘Onchain Finance,’ Its New Name for DeFi
The payments giant’s latest report rebrands decentralized finance as “onchain finance” and positions Visa as the data and custody layer connecting banks to a $670B stablecoin credit market. 🔗 Read Full Article
Bank of England clarifies plan to limit stablecoins is temporary
Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly. 🔗 Read Full Article
Fed's Miran: The Fed should cut by 50 bps but expect it will be a 25 bps move
The uncertainty about the economy that had dissipated is now back because of US-China trade tensionsBut do not see a recession as a result of renewed US-China trade tensionsIf manufacturers can’t get rare earth materials, it would be very disruptive This article was written by Justin Low at investinglive.com. 🔗 Read Full Article
Banks fumble TXs too; at least Paxos’ $300T error was transparent
Fat finger errors happen all the time, especially in traditional banking. The difference is that blockchain makes it transparent and immediately identifiable. 🔗 Read Full Article
Australia’s financial watchdog may gain power to ban crypto ATMs
Minister Tony Burke said the government won’t be pushing for an outright ban on crypto ATMs, but he wants to provide AUSTRAC with the power to implement one. 🔗 Read Full Article
Ripple CEO calls for parity in treatment of TradFi, crypto companies
Brad Garlinghouse has asked that Ripple be “held to the same regulatory standards as a bank” as the company awaits a decision on a national charter from the OCC. 🔗 Read Full Article
Trump confirms US is in a trade war with China
Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.” 🔗 Read Full Article
Bank of England clarifies plan to limit stablecoins is temporary
Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly. 🔗 Read Full Article
Australia’s financial watchdog may gain power to ban crypto ATMs
Minister Tony Burke said the government won’t be pushing for an outright ban on crypto ATMs, but he wants to provide AUSTRAC with the power to implement one. 🔗 Read Full Article