The post U.S. Backs Stablecoins to Boost Dollar Power, Eyes $2T Market, Says U.S. Treasury appeared first on Coinpedia Fintech News The U.S. government is no longer just exploring crypto — it’s embracing it as a strategy. Treasury Secretary Scott Bessent says dollar-pegged stablecoins could grow into a $2 trillion market. He believes these coins … Read more
Rare Werewolf hackers target Russian devices for cryptojacking and data theft. Malicious phishing emails pose as authentic documents. The crypto mining day begins at one in the morning and finishes at five. Hundreds of Russian devices have been compromised by the well-organized hacker group Rare Werewolf, which aims to mine cryptocurrency and steal private information. … Read more
Ethereum has finally escaped what seemed to be a one-way path toward a prolonged sideways price action, leaving behind a narrow price range in which it had been trapped for more than a month. The second-largest cryptocurrency by market capitalization has pushed above key accumulation levels and is now eyeing the next major price hurdle. … Read more
Congressman Himes proposes ethics overhaul barring federal officials and families from profiting via digital asset conflicts of interest. Lawmaker Unleashes Ethics Overhaul Targeting Digital Asset Conflicts of Interest U.S. Congressman Jim Himes (D-CT) proposed a significant expansion of ethical safeguards on June 11 during a legislative session in Washington, presenting an amendment to the CLARITY … Read more
For the past two decades, cloud providers have played a significant role in supporting the digital operations of firms and individuals across the globe. Whether Fortune 500 companies, startups or family offices, all these entities rely on centralized cloud infrastructure giants like Amazon Web Services (AWS), Microsoft Azure and Google Cloud. Together, these three tech … Read more
Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode. Centralized treasuries, including governments, exchange-traded funds, and public companies, now control 30.9% of the circulating supply of Bitcoin (BTC), “signaling a growing shift toward institutional-grade infrastructure,” … Read more
Bitcoin sell pressure will have evaporated once it crosses the $130,000 mark, according to Bitwise CEO Hunter Horsley. “I think once Bitcoin breaks through, e.g., $130-150k, no one is going to sell their Bitcoin,” Bitwise CEO Hunter Horsley said in an X post on Wednesday. Galaxy Digital founder Mike Novogratz recently said the price range … Read more
Asia’s de-dollarization push is gaining rapid traction as BRICS and ASEAN accelerate local-currency trade, driving currency hedging to record highs and challenging dollar dominance. De-Dollarization Takes Hold in Asia—Currency Hedging Surges to Record Highs A growing trend of de-dollarization is underway across Asia as policymakers, institutional investors, and economic blocs seek alternatives to the U.S. … Read more
Shares in Circle Internet Group closed with a 10.7% gain on Wednesday after the stablecoin issuer partnered with Brazilian fintech Matera to support multicurrency bank payments, while its flagship stablecoin USDC also went live on OpenAI CEO Sam Altman’s World Chain. World, formerly Worldcoin, said on Wednesday that around 2 million of its users held … Read more
Key Points: U.S. Senators inquire about Meta’s stablecoin plans amid impending GENIUS Act vote. Lack of official stablecoin launch by Meta; speculation drives scrutiny. Senators emphasize potential data privacy concerns and regulatory impacts. U.S. Senators Elizabeth Warren and Richard Blumenthal wrote to Meta CEO Mark Zuckerberg, questioning possible stablecoin ambitions as the Senate prepared to … Read more