‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
    18 Nov 2023
    105 Views

    Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study released by the Bank for International Settlements (BIS) found. The authors used a “money view” of stablecoin and an analogy with onshore and offshore USD…

    3 metrics DeFi traders can watch in order to spot the next crypto bull market
    18 Nov 2023
    123 Views

    The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin. In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has also…

    Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing
    18 Nov 2023
    103 Views

    Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum exchange-traded fund (ETF). In a filing with the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. The filing stated:…