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 supply and price volatility have made it more attractive as a long-term investment rather than for daily transactions. Meanwhile, stablecoins, backed by fiat currencies, have become the dominant blockchain-based payment solution due to their price stability and faster transaction capabilities. Armstrong highlighted the impact of the GENIUS Act in the US, which has provided regulatory clarity and boosted stablecoin adoption, with major stablecoins like Tether's USDT and Circle's USDC leading the market.
Russia's State Duma is set to finalize a new crypto regulation bill on July 21 that will license exchanges and brokers under the Bank of Russia's oversight. The bill classifies cryptocurrency as property, allows crypto for cross-border settlements, b...
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...
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, ...
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 rath...
