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Fed’s dovish move will slash $625M in interest income for stablecoins

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CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

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Coin Market

Crypto Biz: Bitfarms gets new board after months of power struggles

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Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

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Coin Market

Canada crypto exchanges get more time for stablecoin compliance

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Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said.

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Coin Market

Binance co-founder CZ free — What’s next and what it means for crypto

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After four months in jail and social media discretion, CZ is free. What’s next for the former crypto titan who led Binance to the top?

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