Bitcoin (CRYPTO: BTC) has often been touted as a "digital gold" and safe-haven type of investment that you can hang on to amid uncertainty in the markets. But that hasn't been the case this year. With multiple wars going on and concerns about inflation growing, investors haven't exactly been loading up on Bitcoin. Instead, the leading cryptocurrency has fallen by close to 20% thus far. It's not proving to be much of a safe-haven asset these days. And there are potential headwinds that could result in the ...

Core Viewpoint - The ongoing debate in the US Senate regarding stablecoins is largely based on misconceptions rather than factual evidence, which could hinder the progress of meaningful crypto legislation [1][2]. Group 1: Misconceptions about Stablecoins - Misconception 1: Stablecoins shrink bank deposits. Contrary to this belief, stablecoin adoption does not necessarily lead to a decrease in US bank deposits. In fact, foreign demand for stablecoins and the Treasury-backed reserves held by issuers can increase domestic bank deposits [3]. - Stablecoins increase demand for dollars globally, with reward-bearing stablecoins enhancing this effect [4]. Group 2: Impact on Bank Credit Supply - Misconception 2: Stablecoins threaten bank credit supply. Critics suggest that deposits moving into stablecoins could reduce lending; however, this conflates profitability with credit supply, which is misleading [5].

'I Am Your Champion': Nigel Farage Makes Case for UK Crypto Reform► https://t.co/DaMOVDxapU https://t.co/DaMOVDxapU ...