News

BitGo Stock Plunges Below IPO Price on Second Day of Trading

BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting investor concerns about the company's future prospects. The stock opened at $10 but dropped to around $8.50, marking a significant decline. Analysts have pointed to the volatile nature of the cryptocurrency market and regulatory uncertainties as factors contributing to the stock's poor performance. Despite the initial excitement surrounding the IPO, the market reaction suggests a cautious outlook for BitGo and the broader crypto sector.

Read the full article: Decrypt

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Coinbase CEO Brian Armstrong stated that major banks now perceive cryptocurrency as an "existential" threat to their traditional business models. He highlighted that the rise of digital assets is prompting banks to reevaluate their strategies and adapt to the changing financial landscape. Armstrong emphasized the importance of innovation

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Bitcoin is struggling to fulfill its role as a 'safe haven' asset compared to gold, particularly during times of economic uncertainty. Recent market trends show that Bitcoin's price is highly volatile and often correlates with riskier assets, rather than acting as a stable store of value.

Can Stablecoins Break Free From the US Dollar?

The article explores the potential for stablecoins to operate independently of the US dollar, highlighting the growing interest in alternative backing assets such as commodities and cryptocurrencies. It discusses the challenges stablecoins face, including regulatory scrutiny and market volatility, which can undermine their stability. Some projects are experimenting with decentralized

The fight over stablecoin yield isn’t really about stablecoins

The article discusses the ongoing competition among financial institutions and crypto platforms over stablecoin yield, highlighting that the issue extends beyond stablecoins themselves. Major players are vying for customer deposits by offering attractive yields on stablecoin holdings, which has led to a broader conversation about the future of banking and

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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Can Stablecoins Break Free From the US Dollar?

The fight over stablecoin yield isn’t really about stablecoins