Markets

CoinspeakerBernstein Research: Stablecoin Market to Top $2.8T by 2028 As investors and consumers battle with the risks of regular cryptocurrencies, stablecoins provide a dependable shelter where value remains generally stable over time. Bernstein Research: Stablecoin Market to Top $2.8T by 2028

CoinspeakerCoinbase Explores New York’s Crypto Adoption in ‘United States of Crypto’ Series In addition to the thriving blockchain ecosystem in New York, the report also casts a spotlight on the state's captivating fusion of fashion and blockchain technology.  Coinbase Explores New York’s Crypto Adoption in ‘United States of Crypto’ Series

CoinspeakerBinance Becomes Fully Licensed Crypto Exchange in El Salvador With its services now fully authorized in El Salvador, Binance has achieved its 18th regulatory approval, solidifying its position as the exchange with the most licenses and registrations worldwide. Binance Becomes Fully Licensed Crypto Exchange in El Salvador

Stablecoin issuer Circle is a US-based company, and 70% of its USDC adoption originates from non-US regions. According to the estimations of Circle CEO Jeremy Allaire, some of the fastest growing areas are emerging and developing markets, which are not in the country that has been facing severe regulatory uncertainty. Not Fixated on US Allaire took to X (formerly Twitter) to reveal observing “strong progress” across Asia, LATAM, and Africa, highlighting the demand for “safe,...

Japan just established a whole new level of clarity to its crypto tax agenda. Up to this point, all unrealized gains from crypto assets were subjected to the country’s present 30 percent corporate tax rate, though now, it appears this is coming to an end. Japan is Putting an End to Some Crypto Taxation The news came from Japan’s National Tax Agency (NTA). The agency explained in a statement that crypto assets will be excluded from any company’s asset valuation...

Bitstamp – the world’s longest-running cryptocurrency exchange – is currently engaged in discussions to secure new capital to ramp up its operations. The revelation was made by Jean-Baptiste Graftieaux, Bitstamp’s global chief executive officer. Besides focusing on raising capital to expand the services to retail and institutional crypto clients, Bitstamp also plans on diving into the derivatives space. Bitstamp Fundraise The fundraising process was initiated in late June,...

CoinspeakerEli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85% Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions. Eli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85%

A new report produced by leading digital currency exchange Coinbase suggests over 52 percent of Fortune 500 companies are exploring blockchain technology. They’re also looking at crypto and web3. Coinbase Believes Blockchain Innovation is Growing The blockchain industry has walked a long route in a particularly short period. For example, the bitcoin blockchain – which was first introduced in a whitepaper on Halloween of 2008 – didn’t see mining action until early...

CoinspeakerRipple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity

CoinspeakerBinance Traded USDC In for BTC and ETH Following Silvergate Collapse The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1. Binance Traded USDC In for BTC and ETH Following Silvergate Collapse