2h ago|cryptopolitan.com

In top crypto news today, Ethereum (ETH) remains at the forefront of headlines with investors projecting strong recovery in Q4 through renewed action in the DeFi market and expansion in the area of layer-2 in 2025. But though Ethereum’s long-term fundamentals remain solid, new Ethereum-built DeFi project Mutuum Finance (MUTM) is fast becoming a top […]

2h ago|crypto-economy.com

As the market fear subsides and confidence returns, Ethereum, Solana, and MAGACOIN FINANCE have emerged as some of the best altcoins to buy for investors looking to capitalize on the next wave of growth. After facing significant downturns in recent months, these assets are showing signs of recovery, driven by institutional interest, whale activity, and ... Read more

3h ago|bitcoin.com

Crypto adoption is erupting across India and the Middle East as Coinbase doubles down on explosive regional growth, signaling a massive new wave of blockchain innovation, soaring user engagement, and transformative decentralized finance momentum. Coinbase Expands Global Footprint With Strategic Investment in Coindcx Rapid technological expansion and favorable regulatory developments are fueling cryptocurrency growth in […]

5h ago|crypto-economy.com

The crypto market has been experiencing volatility, but it is now starting to stabilize. Bitcoin, Ethereum and XRP have bounced back on key support zones, raising hope among major trading desks. According to institutional data, there is a high corporate BTC accumulation, ETF inflows of ETH are turning positive, and open interest in XRP is ... Read more

5h ago|coindoo.com

The Bitcoin price recovery has sparked excitement in the crypto market as investors believe that a price boom might be […] The post 3 Top Altcoins to Buy as the Bitcoin Price Recovers from a Major Crash appeared first on Coindoo.

7h ago|crypto.news

DeFi Dev Corp continues to execute its stated strategy, using remaining capital from its equity financing to methodically increase its SOL position irrespective of short-term price fluctuations. According to a press release dated Oct. 16, the Nasdaq-listed entity DeFi Development…

7h ago|coindesk.com

Federal Reserve Governor Michael Barr, who was the central bank's regulatory chief during the Biden administration, flagged potential stablecoin pitfalls.

7h ago|financemagnates.com

The Bank of England moved to calm industry concerns this week, emphasizing that proposed limits on stablecoin holdings and transaction sizes are only temporary. Digital assets meet tradfi in London at the fmls25 The central bank aims to give the financial system time to adjust while allowing stablecoins to play a role in the UK’s multi-currency payments system. In a speech at DC Fintech Week, Deputy Governor Sarah Breeden said the central bank’s measures are designed to ensure stability rather than restrict innovation. “All of these are intended to be temporary to allow the structure of real-economy financing to adjust – and to enable the Bank to monitor adoption of stablecoins and assess the potential for rapid changes in the structure of the financial system,” she explained, noting that rapid shifts could otherwise destabilize the banking system. Industry Pushback on Proposed Limits Industry groups had widely criticized the initially proposed thresholds, between $13,429 and $26,858 (10,000–20,000 British pounds), arguing that such caps would signal that the UK is unfriendly to crypto businesses. Critics warned that this could drive innovation and investment overseas, slowing the adoption of digital finance solutions in the country. Breeden confirmed that the Bank of England will launch a consultation before the end of the year. “We will be consulting in the coming weeks on the details of our proposed regime for sterling stablecoins used in systemic payment systems, and we’ll be open to feedback as we finalize our rules,” she said. You may also like: Stablecoins, UK Policy Clashes, and Retail Crypto’s Rise: Could ETFs and CFDs Be Next? Proposals under discussion include higher limits for business accounts, exemptions for supermarkets and large firms, and carveouts for participants in the UK’s digital sandbox, launched in October 2024. Financial Stability Remains the Priority The Bank’s key concern is that a rapid shift of funds from traditional bank deposits into stablecoins could cause a sudden drop in credit for households and businesses. Breeden noted that this risk is particularly acute in the UK, where credit relies heavily on banks, unlike in the US. She stressed that central bank-backed money will continue to be pivotal in wholesale payments and asset settlements. However, she acknowledged that tokenized markets will likely see a role for regulated stablecoins and tokenized deposits in the future. The Bank of England’s approach signals a cautious yet open stance, balancing innovation with financial stability, and leaving the door open for collaboration as stablecoins continue to evolve in the UK market. This article was written by Jared Kirui at www.financemagnates.com.

8h ago|crypto.news

StableX acquires Chainlink tokens as part of its second major crypto asset purchase, following its investment in FLUID. Stablecoins are going mainstream, as are the crypto networks that power them. On Thursday, Oct. 16, Nasdaq-traded firm StableX Technologies announced its…

8h ago|ambcrypto.com

How has the UK crypto industry reacted to the proposed caps?

8h ago|coinpaper.com

DeFi Development boosts Solana holdings by 86K SOL, staking for yield as market eyes Cup & Handle breakout and future $600–$1,500 targets.

8h ago|coindesk.com

The bank isn’t committing to launching its own token — yet — but executives say it’s building systems that could support one if needed.

9h ago|coindoo.com

Deputy Governor Sarah Breeden used her remarks at DC Fintech Week to outline a more flexible approach, saying the restrictions […] The post UK Central Bank Says Stablecoin Caps Are Temporary appeared first on Coindoo.

10h ago|crypto-economy.com

TL;DR Euronet has chosen Fireblocks to integrate stablecoin payments and blockchain technology, optimizing its international transactions. The integration combines Fireblocks’ infrastructure with Euronet’s global network, Dandelion, which spans 631,000 locations, 4.1 billion bank accounts, and 3.2 billion digital wallets. Fireblocks provides security through MPC technology and access control. Euronet, a global leader in payments processing ... Read more

10h ago|crypto-economy.com

TL;DR: Cantor obtained rights to 5% of Tether for $600 million. If Tether reaches $500 billion, that stake could be worth $25 billion. High exposure to regulatory uncertainty, reserves, and valuation in the crypto context. Cantor Fitzgerald has acquired a strategic link with Tether through a convertible bond valued at approximately $600 million, which grants ... Read more

10h ago|decrypt.co

Coinbase unveiled a business platform offering crypto payments, stablecoin yields, and accounting integrations for small and midsize firms.

10h ago|crypto.news

A new report by Visa explains that stablecoins are no longer just for payments and are taking a growing share of the credit markets. Stablecoins are no longer just for cross-border payments or crypto trading. On Thursday, October 16, credit…

11h ago|coindesk.com

Crypto markets extended their steep losses Thursday as altcoins plunged and bitcoin tested key support, with derivatives data showing cautious sentiment amid fading liquidity.

11h ago|decrypt.co

Wall Street giant BlackRock has retooled one of its money market funds to cater specifically to stablecoin issuers as a GENIUS Act-approved reserve asset.

11h ago|ambcrypto.com

BlackRock is expanding its crypto footprint with a new fund tailored for stablecoin issuers. The BSTBL aims to streamline reserve management under the GENIUS Act.