Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according to Patrick Collison, CEO of payments company Stripe. The average interest rate for US savings accounts is 0.40%, and in the EU, the average rate…

Bitcoin Exchange Balance Drops To Six-Year Low Amid Shortage

The amount of Bitcoin held on centralized exchanges has plunged to a six-year low as the asset climbed to a new all-time high. Bitcoin notched a new all-time high on Sunday morning, reaching a little over $125,700 on Coinbase, according to Tradingview. Its previous peak was $124,500 on Coinbase on Aug. 14. Bitcoin (BTC) pulled…

Bitcoin at Historic Highs: What Next?

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. As bitcoin BTC$124,695.98 trades in uncharted territory near record highs, traders may be searching for cues on what comes next, especially key levels that could act as magnets or resistance points. Here are three important levels worth watching closely. $126,100 This…

Solana Is The New Wall Street For Tokenization

Chief investment officer of crypto asset management firm Bitwise, Matt Hougan, thinks Solana will be the Wall Street network of choice for stablecoins and real-world asset tokenization. “I think Solana is the new Wall Street,” said Hougan, speaking with Solana Labs’ Akshay Rajan on Oct. 2. He added that the Wall Street audiences consider Bitcoin…

Bitcoin Chases New All-time Highs, Altcoins Gear Up to Follow

Key points: Solid inflows into spot Bitcoin ETFs show that bulls are back in the driver’s seat and a rally to a new all-time high is likely. BNB is leading the altcoin recovery, with several altcoins poised to break above their overhead resistance levels. Bitcoin (BTC) rose close to $123,900 on Friday, continuing its march…

Bitcoin ETFs UP, Bitcoin And Stablecoin News

Today in crypto, Stripe CEO says stablecoins will force banks to offer users real interest on deposits, US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off October with billions in inflows, and a crypto executive predicted the Bitcoin price cycle will endure. Stripe CEO says stablecoins will force banks to offer users competitive interest on deposits…

Bitcoin’s ‘Bull Flag’ Breakout Targets $145K in October

Key takeaways: Another Bitcoin price pullback to $117,000 is possible before the uptrend resumes. A classic chart pattern puts BTC price on course for $145,000 in the next few months. Bitcoin (BTC) reached a six-week high of $119,500 on Thursday, following a 10% rise from its local low of $108,650 seven days prior. BTC has…

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according to Patrick Collison, CEO of payments company Stripe. The average interest rate for US savings accounts is 0.40%, and in the EU, the average rate…

Bitcoin ETFs UP, Bitcoin And Stablecoin News

Today in crypto, Stripe CEO says stablecoins will force banks to offer users real interest on deposits, US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off October with billions in inflows, and a crypto executive predicted the Bitcoin price cycle will endure. Stripe CEO says stablecoins will force banks to offer users competitive interest on deposits…

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according to Patrick Collison, CEO of payments company Stripe. The average interest rate for US savings accounts is 0.40%, and in the EU, the average rate…