Coinbase CEO Brian Armstrong stated that Bitcoin did not fulfill Satoshi Nakamoto's original vision of being everyday digital money but instead became digital gold. He explained that Bitcoin's capped supply and volatility led holders to hoard it rather than spend it, limiting its use as a medium of exchange. Meanwhile, stablecoins, which are fiat-backed and legally recognized in the US, have grown significantly and now serve as the primary means for crypto payments. Armstrong views this shift as Bitcoin finding a new role rather than a failure.
Tether's USDT stablecoin may face restrictions on U.S. crypto platforms if it fails to comply with the GENIUS Act by the 2028 deadline. The law requires stablecoins to meet strict reserve and regulatory standards, including cooperation with law enfor...
Bitcoin and Ethereum experienced slight net outflows of $21.5 million and $6.3 million respectively, indicating cautious market sentiment. Meanwhile, some mid- and lower-cap altcoins like BankrCoin and OPN attracted targeted inflows, reflecting selec...
Coinbase CEO Brian Armstrong stated that Bitcoin has evolved into a store of value, akin to digital gold, rather than becoming a widely used payment method. Despite efforts like the Lightning Network to improve Bitcoin's transaction speed, its fixed ...
Tether's USDT stablecoin faces a regulatory deadline on July 18, 2028, under the GENIUS Act, which could restrict its availability on U.S.-based exchanges unless it qualifies as a foreign issuer. To comply, Tether must register with U.S. regulators, ...
The GENIUS Act, effective mid-2028, requires stablecoin issuers like Tether to hold 1:1 USD reserves, publish monthly disclosures, and comply with anti-money laundering laws to operate in the US. Tether launched a compliant stablecoin, USA₮, for the ...
