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Coinbase ends acquisition talks with stablecoin firm BVNK - report (COIN:NASDAQ)
Seeking Alpha· 2025-11-11 20:29
Coinbase Global (COIN) has ended its acquisition talks with stablecoin startup BVNK, it said on Tuesday, marking the collapse of a deal that had aimed to bolster the crypto exchange's stance in the space. It was reported at the end ...
Bank of England Proposes £20,000 Cap on Retail Stablecoin Holdings
Yahoo Finance· 2025-11-10 13:56
The Bank of England has proposed temporary limits on stablecoin holdings for retail and business users and new rules for how issuers can manage their reserves. In a consultation paper published Monday, the central bank said individuals would be allowed to hold up to £20,000 (US$26,000) in a single systemic stablecoin, while businesses would face a £10 million (US$13.1 million) cap. Notably, the proposal “would not cover stablecoins used as assets for non-systemic purposes, such as the buying and selling ...
Bank of England Proposes £20,000 Cap on Stablecoin Holdings
Yahoo Finance· 2025-11-10 11:28
The Bank of England unveiled proposals for a regulatory regime governing sterling-denominated stablecoins, introducing temporary limits of £20,000 for individuals and £10 million for businesses holding systemic stablecoins. Deputy Governor Sarah Breeden defended the restrictions as necessary to prevent rapid deposit outflows from commercial banks that could threaten credit availability, while promising that the caps would be removed once the transition no longer posed a risk to the UK economy. Deputy Gov ...
Next Wave of Stablecoin Boom May Seem Invisible, Says Transak CEO
Yahoo Finance· 2025-11-09 18:01
Core Insights - Transak is focusing on modular APIs as a white-labeled offering for established firms to integrate stablecoins into their services, aiming for a more invisible adoption of stablecoins in consumer applications [1][2][3] Company Strategy - Transak has raised a total of $40 million in funding and is positioning itself to facilitate the next wave of stablecoin adoption by making the process less visible to users [2] - The company is transitioning from being known primarily as a "buy crypto" button to offering more white-label and stablecoin use cases, emphasizing onboarding and financial applications rather than speculative crypto purchases [3] Market Context - The legitimacy of dollar-pegged tokens has increased due to the passage of the GENIUS Act in the U.S., with major institutions like Citigroup and Bank of America showing interest [3] - Transak's stablecoin services may operate in the background for users, similar to how certain services do not explicitly mention the underlying technology [5] Use Cases - Transak is exploring white-label use cases for stablecoins, which may include handling KYC procedures for users purchasing stablecoins with cash and facilitating conversions back to cash in different regions [4][5] - The firm is looking to create a "stablecoin sandwich" concept, integrating its services with the traditional financial system while keeping its brand less visible [4]
Fed's Miran says stablecoin surge could help push interest rates lower
CNBC· 2025-11-07 20:46
Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower.In a speech delivered for an audience of economists in New York, the central bank official and appointee of President Donald Trump said the flood of crypto tokens pegged to the dollar could tamp down what economists refer to as "r-star," or the "neutral" rate of interest that neither pushes nor impedes growth.If that happens, he said, the Fed might need to lower its ...
Can Stablecoin Replace Failing Fiat? Tether’s BTC Buys, OKX Brazil Push in Spotlight
Yahoo Finance· 2025-11-07 19:27
Dollar-pegged stablecoins are moving from trading tools to retail products in economies facing inflation and weak currencies. Two recent incidents frame the shift: Tether continues allocating a share of profits into Bitcoin, while OKX introduced a high-yield stablecoin wallet and card in Brazil that converts reais to dollar tokens. Together, these moves present stablecoins as everyday finance rather than a niche hedge. Tether’s policy links USDT growth with a balance-sheet Bitcoin position, while OKX’s pr ...
Cloudflare Stock Is Up 100% This Year And Trading Near A Buy Zone But Testing A Key Line
Investors· 2025-11-07 17:08
Group 1 - Cloudflare stock has experienced a decline, falling below a buy point after a strong earnings-fueled breakout on October 31 [2][5] - The stock is currently on track for a fifth consecutive loss, but may find support at its 50-day moving average [2] - Cloudflare has received a composite rating upgrade, indicating improved performance metrics [5] Group 2 - The broader market has pulled back, affecting several stocks, including Cloudflare [2] - Amazon and Apple are leading the earnings winners, contributing to a rise in Dow Jones futures [5] - The focus is shifting towards 2026 outlooks for cybersecurity stocks as earnings reports approach [5]
Cathie Wood Cuts Bitcoin Price Target from $1.5M to $1.2M Citing Stablecoin Growth
Yahoo Finance· 2025-11-06 18:35
Cathie Wood, CEO of Ark Invest, has reduced her bullish price forecast on Bitcoin from $1.5 million to $1.2 million per coin. The five-year price prediction change has sparked commentaries on X, with some people questioning its relevance considering it is a 20% reduction for a more than 1,000% increase forecast. Ark’s CEO adjusted her forecast during a live show at CNBC’s “Squawk Box” on November 6, making the case that stablecoins have overtaken part of the role she once expected Bitcoin to play, scaling ...
UK Stablecoin Regs Coming 'Just as Quickly' as US: Bank of England
Yahoo Finance· 2025-11-06 14:28
Britain will roll out its stablecoin regulatory framework "just as quickly as the U.S.," a senior Bank of England official said Wednesday, rebuffing industry concerns that the UK is falling behind in the global race to regulate the assets. At the SALT conference in London, BoE Deputy Governor Sarah Breeden said the bank remains committed to matching the U.S.'s pace, where President Trump signed stablecoin framework the GENIUS Act into law in July, which has triggered momentum for the assets’ adoption. "O ...
Trump Praises Crypto for Easing Dollar Burden – Ironically, That Could Hurt Bitcoin
Yahoo Finance· 2025-11-06 11:55
President Donald Trump declared crypto “takes a lot of pressure off the dollar” during a speech at Miami’s America Business Forum on November 5, 2025, positioning the U.S. as “the bitcoin superpower” and “crypto capital of the world.” Speaking to thousands of attendees, Trump credited his executive orders with ending what he called the federal government’s “war on crypto,” contrasting his approach with the Biden administration’s enforcement-heavy stance, which he said left industry figures “under indictme ...