Today, cryptocurrencies are back in the red. The Senate Agriculture Committee released a draft of the long-awaited crypto market structure bill, and Visa's Mark Nelson breaks down the payment giant's latest step forward in stable coin adoption. Welcome to CNBC's Crypto World.I'm Talia Kaplan. Cryptocurrencies are back in the red this morning with Bitcoin falling to the $11,000 level by noon Eastern. Ether's also headed lower, falling below $3,400 and XRP dropped to $2.34%.And taking a look at stablecoin iss ...

By Phoebe Seers and Tommy Reggiori Wilkes LONDON (Reuters) -Bank of England Deputy Governor Sarah Breeden on Tuesday warned that further diluting rules for stablecoins risked endangering financial stability and causing ​a credit crunch, and said that the UK needed a different approach to the United States. The Bank of ‌England on Monday set out a raft of new rules for systemic stablecoins - digital tokens designed to keep a constant value - ‌used for payments. It marked a softening of its earlier approac ...

Crypto is freedom.Choose stability over volatility.Get 10% APY on stablecoins here: https://t.co/e2vc4I7Vsr https://t.co/MLH0hKhdKN ...

Precious Metals Silver Gold Stock Market Industry Sector Wall Street Buildings 3d IllustrationgettyThe problem with socialism is that you eventually run out of other people’s money. ~Margaret ThatcherFor more than a century, New York City has stood as the beating heart of global capitalism. That’s why this month’s election of Zohran Mamdani, a self-described Democratic Socialist, as the city’s next mayor has sent shockwaves through America’s business and investing community.Mamdani, 34, will be the youngest ...

LONDON (Reuters) -The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60% of ​the assets backing the digital tokens in short-term government debt, part of ‌a raft of new rules that suggest a softening in its approach to the sector. Stablecoins are digital tokens designed ‌to keep a constant value and often backed by traditional assets such as government debt. The sector is booming, aided by the U.S. agreeing federal rules earlier this year. The crypto ...

Key TakeawaysRobinhood (HOOD) users' assets have dramatically surged to $332.7 billion on the platform as of Q3 2025, a significant increase from $44.4 billion in the same quarter of 2020.Federal Reserve Governor Stephen Miran indicated that the burgeoning growth and widespread adoption of stablecoins could contribute to lower short-term interest rates by increasing the net supply of loanable funds in the economy.Palantir (PLTR) stock has suffered its worst week since April, declining by 13% this week, prom ...

Core Insights - The article discusses the current state and future potential of stablecoins in the global payment landscape, highlighting the challenges and opportunities for adoption in various markets. Group 1: Current Market Dynamics - EBANX, a payments facilitator, reports that 100% of its customers are currently using fiat money, indicating that mainstream users are not yet adopting stablecoins [1] - Stablecoins like Tether's USDT and Circle's USDC are gaining traction as they serve as digital representations of fiat currencies, but they still account for less than 1% of global daily money transfer volume according to McKinsey & Co [4][10] - The market value of stablecoins is projected to grow from $315 billion to $1.6 trillion by 2030, contingent on increased adoption by shoppers [10] Group 2: Regulatory Environment - The Monetary Authority of Singapore has indicated that XSGD and XUSD are compliant with upcoming stablecoin regulations, positioning StraitsX as a major player in the Asian financial market [6][11] - Regulatory clarity is essential for the expansion of stablecoin applications, particularly in the US where there is a need to balance the interests of crypto exchanges and traditional banks [8][11] - The potential for confusion arises if issuers are required to create separate coins for different jurisdictions, which could diminish customer protection and complicate transactions [9][11] Group 3: Technological Advancements - Smart contracts are expected to play a significant role in the future of stablecoins by automating transactions and reducing costs associated with compliance checks [5][11] - The integration of stablecoins into e-commerce is seen as a promising application, with companies like EBANX enabling merchants to accept stablecoins alongside traditional currencies [10] - The article draws a parallel between the current adoption of stablecoins and the early days of email, suggesting that as technology improves, stablecoins will become more widely accepted [11]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The gap between traditional finance and digital assets just got narrower. Coinbase Global Inc. (NASDAQ:COIN) and Citigroup Inc. (NYSE:C) announced a collaboration last week aimed at making it easier for large institutions to move money using stablecoins and other digital assets—a development that could accelerate crypto’s integration into mainstream finance. For years, institutional investors have faced a ...

Bitcoin forecast, bitcoin prediction, bitcoin price. Photo by BeInCrypto Market experts are scaling back their bullish Bitcoin (BTC) forecasts for both the short and long term. ARK Invest’s Cathie Wood has cut her 2030 Bitcoin price target by $300,000. Meanwhile, Galaxy Digital’s Alex Thorn has made a $65,000 reduction in his year-end projection, now predicting a price below Bitcoin’s all-time high (ATH). ARK Invest Adjusts Bitcoin Outlook For 2030 In a recent interview, ARK Invest's CEO revised her bul ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Paxos accidentally minted $300 trillion in stablecoins on Oct. 17, more than double the world's GDP. The error was quickly caught and reversed within minutes, with no impact on customer funds, highlighting both the fragility and resilience of crypto infrastructure. The Anatomy of a Near-Catastrophic Mistake CEO Chad Cascarilla told CNBC the error was a “manual mistake” involving control systems that separ ...