Jerome Powell says the Fed’s work on stablecoin risks is a ‘very high priority’
Federal Reserve chairman Jerome Powell described the central bank's work on stablecoins as a "very high priority" during a webinar on Thursday.  "Clearly there's a need for, and we've been very focused as you know, on better regulatory answers for potential global stablecoins, in particular," Powell...
FinCEN reopens comment period for proposed crypto wallet rule
The Financial Crimes Enforcement Network (FinCEN) has reopened the comment period for its proposed rule that would create new KYC requirements for crypto transactions in the U.S. Commenters will have an additional 15 days to submit written comments on the reporting requirements related to a $10,000 ...
Brian Brooks, who spearheaded crypto initiatives at the OCC, is stepping down today
Acting Comptroller Brian Brooks will step down today, according to a statement from the Office of the Comptroller of the Currency (OCC). The office's COO, Blake Paulson, will take his place. His exit was first reported by Politico Pro this week. With the move, Brooks cuts short a possible five year-...
Fireblocks launches staking services, adds support for Eth2, Polkadot and Tezos
Crypto security firm Fireblocks has added staking capabilities to its platform, with initial support for Ethereum 2.0 (Eth2), Polkadot (DOT), and Tezos (XTZ) coins. The firm has partnered with staking infrastructure providers Staked and Blockdaemon for the new offering. Fireblocks said its more than...
Gemini acquires Blockrize, launching a credit card with up to 3% rewards in bitcoin
Crypto exchange and custodian Gemini has acquired fintech startup Blockrize to launch a credit card in the U.S. that would offer up to 3% rewards in bitcoin and other cryptocurrencies. Gemini did not disclose the deal's terms, but COO Noah Perlman told The Block in an interview that the company acqu...
eToro may limit bitcoin buying on weekends if demand and volatility continue
Online brokerage eToro has warned customers that it may limit bitcoin and crypto buying over this weekend if demand and volatility continue. "The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend," the company s...
Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit
Digital asset investment firm Grayscale is moving to dissolve the XRP Trust — a move that comes days after it announced the liquidation of XRP positions from its Digital Large Cap Fund. In a press statement circulated Wednesday, Grayscale cited the decision by the Securities and Exchange Commission ...
Japan’s top securities regulator says XRP is not a security
Japan's Financial Services Agency (FSA), the country's securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission's allegation that by selling XRP the ...
Crypto custodian Anchorage nabs national bank charter from OCC
Anchorage has won the race to become the first federally chartered digital asset bank by obtaining a national bank charter from the Office of the Comptroller of the Currency (OCC). The institutional crypto custodian is now on even firmer footing with its designation as a "Qualified Custodian" under ...
Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks
Ledger, the crypto wallet firm, has put up a bitcoin bounty worth approximately $350,000 for information on the attackers behind a series of data leaks. The company has published a detailed blog post laying out the recent history of leaks and phishing attacks that have compromised the personal infor...

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.