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Brazil proposes to ban stablecoin withdrawals to self-custodial wallets

Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask.

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Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares

Institutional investors withdrew a record $141 million from Bitcoin investment products this past week. 2764 Total views 4 Total shares The latest report from analytics firm CoinShares shows that outflows from institutional BTC investment products continue to surge. According to CoinShares’ June 7 Digital Asset Fund Flows Weekly report, institutional investors are continuing to reduce…

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Opyn DeFi protocol founders are leaving crypto after CFTC crackdown

Two of the founders of crypto options platform Opyn are stepping down from leadership roles to pursue other aims, but Opyn will continue under new leadership. 106 Total views 2 Total shares Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the project and “leaving crypto,”

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Delta Exchange completes $5M token raise following investments from DeFi players

Investors include Aave Ventures, Kyber Network, Sino Global, CoinFund, Spartan and others. 1497 Total views 14 Total shares Delta Exchange, a cryptocurrency derivatives platform, has successfully concluded a $5 million private sale of its native Delta Exchange Token (DETO), setting the stage for wider adoption of its retail derivatives marketplace. Some well-known names in decentralized finance,…

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‘No debate’ that Bitcoin will increase 20X says gold industry insider

Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. 1889 Total views 16 Total shares Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. Speaking to Anthony Pompliano on the Pomp…

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Pennsylvania crypto mining permit halt cut from bill after union pressure

The bill’s sponsor Greg Vitali included a clause that instead subjects miners to ongoing reporting requirements to get the bill past a House Committee. A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change.On Oct. 16, the Pennsylvania

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Price Analysis 25/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

The total crypto market capitalization has bounced from the $180 billion mark. We anticipate a strong support in the $168 billion to $183 billion range because the market cap had consolidated in this range in April of this year, before moving higher. So, on the way down, we expect this range to act as a…

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‘Wake up and smell the coffee’ — regulation is coming to DeFi, says expert

Since the Financial Action Task Force, or FATF, introduced its controversial "travel rule" for businesses in the crypto space, the debate over the suitability of established regulatory frameworks for cryptocurrencies has been unrelenting. Some experts, however, believe that the industry's experience with the FATF guidelines is only the tip of the iceberg, and points to more…

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DeFi won’t last long without unlocking Bitcoin’s $250B treasure chest

Decentralized finance is a fairly new, nuanced concept for mainstream audiences. At its core, DeFi promises a revamped global financial system equipped with savings, loans and inventive yield-earning opportunities that enable innovative financial products without centralized gatekeepers. Since Jan. 1, this promise has been met with a demand that has exceeded $11 billion in total…

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