Everything web3, crypto, defi, degen
In brief The UK government has unveiled a mandatory Digital ID scheme, set to be introduced by 2029 at the latest. Some experts highlighted privacy and security risks, particularly if biometric data is included. Other ID and verification experts suggest that a nationwide scheme consolidates personal data, making it less exposed to potential hacks. The…
In brief Kraken surveyed 1,000 crypto users in the U.S. Of the survey respondents, 79% said they would pay higher fees on an exchange they trust. Still, most users had accounts at multiple exchanges. In an industry that prides itself on decentralization, a recent survey conducted by crypto exchange Kraken found that Americans are placing…
In brief Bitcoin has dropped 5% since last Thursday, while gold has surged nearly 5% to record highs. The growing divergence could be linked to institutional investors’ preference for gold as a safe-haven asset amid macroeconomic uncertainty, Decrypt was told. If history repeats, the top crypto is likely to outperform the precious metal as the…
In brief SEC Chair Paul Atkins said Tuesday he plans to roll out an “innovation exemption” for some digital assets by year-end. The exemption is part of Project Crypto, an SEC initiative which could ease rules for ICOs, airdrops, and other crypto activities. Atkins said the changes, which could also impact New Deal-era financial laws,…
In brief The crypto market rebounded to $4.15 trillion as Bitcoin hovered near $116,000, Cardano climbed 5%, and NEAR soared 15%. A $74 billion recovery came as the Federal Reserve cut rates by 25 bps and gold surged to $3,700. September’s cautious sentiment held, but Bitcoin, Cardano, and Near are posting divergent signals. The cryptocurrency…
In brief Bank of Canada Deputy Governor Ron Morrow called for federal stablecoin regulation while highlighting Canada’s lagging payments modernization compared to the U.S. and UK. Canadian remittance costs are “significantly higher” than other developed nations, creating opportunities for stablecoin adoption to reduce cross-border payment fees. Stablecoins could cut remittance fees to “less than 1…
In brief Bitcoin dominance dropped to 57.79% as traders rotate into altcoins like XRP, BNB, and Solana ahead of expected SEC ETF approvals. Despite the decline, analysts forecast Bitcoin could reach $140K-$145K by year-end, with institutions continuing to pour over $2 billion into ETFs this week. Major altcoins are outperforming Bitcoin short-term, with Solana up…
In brief Switzerland allowed Backed to avoid whitelisting xStocks. Tokenized Tesla shares have the largest supply. xStocks have roughly 30,000 unique holders. Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi.The company was registered in the European nation because it allowed…
In brief The Federal Reserve had kept interest rates unchanged since last December. U.S. President Donald Trump has been hammering the Fed to cut rates. Crypto and other assets typically benefit from rate cuts that increase financial liquidity. The U.S. central bank, as widely expected, cut the federal funds rate by 0.25% Wednesday, amid recent…
In brief The Federal Reserve had kept interest rates unchanged since last December. U.S. President Donald Trump has been hammering the Fed to cut rates. Crypto and other assets typically benefit from rate cuts that increase financial liquidity. The U.S. central bank, as widely expected, cut the federal funds rate by 0.25% Wednesday, amid recent…
