Stablecoins are back in the spotlight, with major companies like JPMorgan, PayPal, and Walmart jumping on the bandwagon. But before you dive in, it's important to understand the risks involved. Stablecoins are digital tokens designed to maintain a stable value, usually pegged to the U. S. dollar. They offer fast transfers, global reach, and 24/7 access, making them p...
A significant number of senators, both Republican and Democrat, recently pushed forward a bill to regulate stablecoins. This move, however, has raised eyebrows due to potential conflicts of interest. Sixteen Democratic senators joined their Republican colleagues to advance the Guiding and Establishing National Innovation for U. S. Stablecoins (GENIUS) Act. This bill ...
The political buzz in Washington is not about the usual economic storms, like the trade tensions or the threat of a recession. Instead, lawmakers are rushing to shine a spotlight on stablecoins, a type of cryptocurrency that most Americans barely know about. This digital currency sector is worth a whopping $230 billion. The push to regulate stablecoins is seen as a w...
A new report from a venture capital firm, Andreessen Horowitz, reveals that crypto usage has hit an all-time high. Over 617 million people worldwide now own cryptocurrencies, and around 30 to 60 million are active users. September saw an impressive 220 million unique crypto addresses, a threefold increase from late 2023. This growth comes after a tough period known a...
Stablecoins are quietly revolutionizing the financial landscape. With a market capitalization of over $170 billion, these cryptocurrencies are becoming increasingly important. Unlike their bitcoin counterparts, stablecoins are pegged to the value of another asset, providing a sense of stability in an often-volatile market. Since their inception, stablecoins have gone...
The cryptocurrency market is known for its volatility, and Bitcoin's (BTC-USD) recent fall is no exception. With a predicted 7.4% weekly decline, it's natural to wonder what's behind this sudden drop. Is it the impending presidential election, the world's oldest cryptocurrency's own volatility, or something more? One major factor contributing to the sell-off is the ...