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A source said PNC, the fifth-largest bank in the U.S., plans to offer crypto investment services to clients. Crypto exchange Coinbase said Tuesday it’s working with PNC Bank, the fifth-largest commercial bank in the U.S. by assets, on a crypto project. “In recent months, we have formed partnerships with industry leaders including [Tesla CEO] Elon Musk, PNC Bank, SpaceX, Tesla,...
The flagship cryptocurrency hits its highest level in more than two months as inflation is expected to rise by another 0.5% in July. Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report. The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has...
The bill excludes only proof-of-work mining, or the selling of hardware or software that gives individuals control of private keys to access digital assets. Senators Mark Warner (D-Va.) and Rob Portman (R-Ohio) submitted a competing amendment on Thursday to an earlier amendment to the Senate infrastructure bill’s cryptocurrency provision. The amendment, a copy of which was obtained by CoinDesk, is...
Gensler said he believes crypto trading platforms might already have securities listed. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said he believes the vast majority of crypto tokens and initial coin offerings (ICOs) violate U.S. securities laws. In a speech at the Aspen Security Forum on Tuesday, Gensler said he agreed with Jay Clayton, his predecessor at the...
Out of the blue, a U.S. lawmaker who previously showed little interest in cryptocurrency has introduced what may be the most sweeping legislation yet to regulate the market. Rep. Don Beyer’s (D-Va.) bill would allow the Treasury Secretary to veto the creation of stablecoins, direct regulators to define rules for decentralized finance (DeFi) and possibly create a charter for crypto...
Rep. Don Beyer (D-Va.) said the existing digital asset market structure and regulatory framework are too “ambiguous and dangerous for investors and consumers.” Legislation to provide a “comprehensive legal framework” to regulate the digital asset market and possibly grant the federal government the ability to ban some stablecoins was introduced in the House of Representatives Wednesday. According to sponsor Rep....
In her letter to Treasury Secretary Janet Yellen, Warren cited DeFi, crypto-enabled cyber attacks and unique threats posed by stablecoins as risks to the financial system. Longtime crypto skeptic Sen. Elizabeth Warren (D-Mass.) is urging the government yet again to form a regulatory strategy to “mitigate the growing risks that cryptocurrencies pose to the financial system.” In an open letter...
Gain Protocol is a fully decentralized finance ecosystem with a simple mission - Put holders first. Through static rewards and massive sweepstakes opportunities, Gain Protocol puts more people on the path toward financial freedom. 26 July Decentralized finance (DeFi) is quickly becoming a blockchain juggernaut. With what seems like a sea of projects popping up daily, everyday users must sift...
Sunday's price rise follows an unconfirmed report Amazon is looking to accept bitcoin payments by year's end. Bitcoin briefly traded above $39,000 for the first time since June 16 and is currently trading its sixth consecutive day in the green. Prices have continued to rally since July 21, with Sunday’s current price rise representing the largest single daily gain in...
The crypto lender is days away from closing a $500 million Series E, sources say. A timetable for a public listing is circulating among investors. BlockFi aims to go public in 12 to 18 months, according to documents circulated to investors Wednesday amid growing regulatory scrutiny of the cryptocurrency lender. The New Jersey-based company declined to comment on the current...
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