Crypto
AI Summary
- The role of stablecoins is increasingly complex, serving both as a financial lifeline for citizens in crisis-stricken nations like Venezuela and Iran, and as tools for entities facing sanctions.
- South Korea has announced the lifting of its 2017 ban, allowing corporate investment in cryptocurrencies, signaling a more progressive regulatory approach to the crypto market.
- A push from UK lawmakers seeks to ban political donations made in cryptocurrencies, indicating growing scrutiny over the use of digital assets in political financing.
- Ethereum co-founder Vitalik Buterin advocates for the development of more robust decentralized stablecoins and warns against backing them solely with a single fiat currency amidst concerns over systemic risks.
- The market is experiencing volatility, with notable declines in crypto content viewership and sharp price fluctuations in Bitcoin and altcoins, as investors navigate a mixed landscape of regulatory changes and shifting investor sentiment.
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Sources
Cointelegraph
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Tether’s role in Venezuela, Iran highlights the duality of stablecoins
2 hours ago
by Cointelegraph by Brian Quarmby
The dual life of stablecoins: A lifeline for citizens and a tool for sanctioned entities involved in Venezuela and Iran's economic crises.
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Most US debanking cases stem from government pressure, report says
2 hours ago
by Cointelegraph by Stephen Katte
Cato Institute analyst Nicholas Anthony argues the US Congress needs to reform the Bank Secrecy Act, repeal confidentiality laws and end reputational risk regulation to address debanking.
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South Korea to lift ban on corporate crypto investment: Report
2 hours ago
by Cointelegraph by Martin Young
South Korea’s FSC reportedly shared guidelines allowing listed companies to invest up to 5% of equity in the top 20 cryptocurrencies, ending a 2017 ban.
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Top UK Labour lawmakers push to ban political donations made in crypto
2 hours ago
by Cointelegraph by Jesse Coghlan
The chairs of seven UK government committees have asked for a ban on crypto donations to be added to an elections bill set to be introduced soon.
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Ethereum needs better decentralized stablecoins: Vitalik Buterin
3 hours ago
by Cointelegraph by Brayden Lindrea
It isn’t a good idea to fully back a stablecoin with a single fiat currency, because if that nation-state fails, so will the stablecoin, argues Ethereum co-founder Vitalik Buterin.
CoinDesk
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India tightens crypto rules to fight money laundering and terror funding
2 hours ago
by Omkar Godbole
Markets, India, NewsIndia's financial intelligence agency has announced stricter identity verification measures for cryptocurrency exchanges to prevent money laundering and terror financing.
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Bitcoin rises 1%, Nasdaq futures and dollar drop as Trump-Powell feud escalates
3 hours ago
by Omkar Godbole
Markets, Bitcoin News, Nasdaq, Dollar index, NewsBitcoin's price movement diverged from the Nasdaq futures, which fell nearly 0.8%.
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Privacy tokens rally as XMR breaks all-time high
3 hours ago
by Sam Reynolds
Markets, NewsXMR, ZEC, SOL and other alts are rallying as BTC remains rangebound
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Prediction markets downplay Powell exit risk despite DOJ probe: Asia Morning Briefing
6 hours ago
by Sam Reynolds
Markets, Federal Reserve, btc, ETH, Silver, Gold, Prediction Markets, NewsTraders on Polymarket and Kalshi are shrugging off the idea that a criminal investigation into the chair of the Federal Reserve would have him removed from his role early.
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JPMorgan downplays stablecoin threat as local bankers warn of $6.6 trillion risk
13 hours ago
by Olivier Acuna
Policy, American Bankers Association, Stablecoins, JPMorgan, NewsThe ABA sent a letter to the U.S. Senate, saying stablecoins that offer yields will affect its banking members ability to grant loans, but JPMorgan disagrees.
Decrypt
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Bitcoin Shrugs Off Powell Probe as DOJ Targets Fed Chair
4 hours ago
by Akash Girimath
Law and OrderExperts note Bitcoin’s hedge narrative could strengthen if Fed Chair Jerome Powell’s criminal investigation is successful.
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Monero Sets New Record Price as Privacy Trade Re-Emerges
7 hours ago
by Sebastian Sinclair
monero, MarketsMonero’s push to a record high follows renewed interest in privacy-focused coins, even as uneven liquidity complicates price signals.
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X Plans ‘Smart Cashtags’ to Link Crypto and Stock Tickers to Live Prices
9 hours ago
by Sebastian Sinclair
BusinessX is developing a feature that turns ticker symbols in posts into links for real-time pricing and asset-specific information.
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Should Politicians Be Able to Use Prediction Markets? House Bill Proposes Ban
2 days ago
by Stacy Elliott
Law and OrderRep. Ritchie Torres introduced legislation to ban government officials from prediction markets, citing insider information concerns.
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Insiders Say DeepSeek V4 Will Beat Claude and ChatGPT at Coding, Launch Within Weeks
2 days ago
by Jose Antonio Lanz
Artificial IntelligenceDeepSeek's upcoming V4 model could outperform Claude and ChatGPT in coding tasks, according to insiders—with its purported release nearing.
AMBCrypto
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Bitcoin nears THIS rare setup as super-cycle talk surfaces – BTC can rally IF…
an hour ago
by Olayiwola Dolapo
Bitcoin, BTC Trading View, News, News 1, Social, Trading View, ambcryptoBitcoin could be ripe for a major rally similar to the 2021 upswing - one that attracted billions of dollars in capital.
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Assessing PEPE’s pullback after an 80% surge – Levels to watch are…
2 hours ago
by Akashnath S
Analysis, HideCryptopanic, Memecoins, News, News 1, No Homepage, Pepe, Social, Trading View, ambcryptoAfter a strong start to the year, memecoin momentum cooled, forcing PEPE bulls to reset expectations.
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How the CLARITY Act will change the way U.S. markets trade
4 hours ago
by Muriuki Lazaro
News, News 1, Social, Trading ViewOn Thursday, the 15th of January, the U.S. Senate Banking Committee will vote on the […]
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Breaking down BNB Foundation’s $200K bet on Chinese memecoins
5 hours ago
by Emilio Munoru
Memecoins, News, News 1, Social, Trading View, ambcryptoBNB is positioning itself as a memecoin leader amid its $200K investment and Fermi Hard Fork.
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Monero presents traders with a buying opportunity as XMR bulls eye ATH
7 hours ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, News 1, No Homepage, Social, Trading ViewUnderwhelming volume indicators have not been enough to stall XMR's recent bullish momentum.