Coinbase CEO: Future stablecoin regs likely to demand full US Treasury backing

Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds.The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain governance directly on the platform, avoiding the need to withdraw their funds from…

The update comes a week after Hamster Kombat surpassed 300 million players and teased the launch of the “largest airdrop in crypto history.”

A concentration of stablecoins on a handful of platforms has drained liquidity from others. 404 Total views 22 Total shares In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DEX, Uniswap (UNI).…

Wells Fargo warned that stocks could sell-off after an amazing recovery, meaning Bitcoin price is also possibly at risk of a sharp correction. 1998 Total views 20 Total shares Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and…

BTC price is yet to decide on a target as $30,000 just about holds into the new week's Wall Street trading. 688 Total views 8 Total shares Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin to range…

The Millennial influencer, who was offered $10M by a billionaire to start a crypto fund, says Bitcoin will rip if Trump looks like winning.

WonderFi, backed by Canadian billionaire Kevin O'Leary, is looking to increase its footprint in Canada with the acquisition of regulated crypto exchange Bitbuy. 183 Total views 17 Total shares Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country. WonderFi agreed to…

Top Stories This Week US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler United States Representative Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill would remove Gensler from office and…