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Crypto News Today: Bitcoin’s Rally Toward $30K, PayPal’s Stablecoin Fakes, and More

As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.

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Author: Joe Lautzenhiser

Federal Reserve increases oversight of banking crypto ties

The Fed announced a new program on Tuesday to strengthen its oversight centered around supervising crypto and stablecoin activity. 

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Author: Sarah Wynn

Private Equity Giant David Rubenstein Makes the Case for Bitcoin

Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money that can’t be controlled by governments.

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Author: Helene Braun

Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.

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Author: Jesse Hamilton

Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.

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Author: Danny Nelson

Marathon Digital Misses Q2 Earnings and Revenue Estimates

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Author: Nelson Wang

PayPal stablecoin threatens basic crypto tenets, but also poses upside

PayPal’s initiative for a new stablecoin could be a threat to what many crypto evangelists hold dear — decentralization.

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Author: RT Watson

Former FTX exec Salame holds talks with prosecutors over plea: Bloomberg News

Ryan Salame could plead guilty as early as next month to criminal charges following the dramatic fall of FTX late last year.

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Author: Sarah Wynn

Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg

It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.

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Author: Nelson Wang

Desperately Seeking Crypto’s Killer App

When you take away the speculation, what Web3 services actually deliver utility for users?

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Author: Shiv Malik


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