China

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. Factors such as regulatory concerns, environmental issues related to mining, and macroeconomic conditions contribute to its instability. In contrast, gold continues to be perceived as a reliable hedge against inflation and economic downturns. As a result, investors are increasingly turning to gold instead of Bitcoin for safety during turbulent times.

Read the full article: CoinDesk

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

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

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

BitGo Stock Plunges Below IPO Price on Second Day of Trading

Can Stablecoins Break Free From the US Dollar?

The fight over stablecoin yield isn’t really about stablecoins