Crypto News

- The Federal Reserve is conducting technical research on the latest innovations, including tokenization, smart contracts, and artificial intelligence (AI) in payments, Governor Christopher Waller said on Aug. 20. Waller revealed the details while delivering a speech on "Technological Advancements in Payments" during the Wyoming Blockchain Symposium in Teton Village. Tokenization refers to the process of using blockchain technology to digitally represent real-world assets (RWAs) as tradable tokens and offer fractional ownership of those tokens to prospective investors. Smart contracts are the technology underlying the crypto ecosystem. Waller said it's crucial to understand the latest trends in payments technology in order to...

- BrioDirect review (2025): Online savings accounts with market-leading rates and minimal fees BrioDirect offers the following two products: High-yield savings account BrioDirect’s high-yield savings account offers a highly competitive 4.3% APY. The drawback is that this online savings account requires a minimum opening deposit of $5,000. Once the account is open, you only need to maintain a minimum of $25 in your account to earn the highest advertised rate. There is also no monthly maintenance fee associated with this account. High-yield CDs BrioDirect previously offered CDs in varying terms with a minimum opening deposit of $500. However, CDs are not currently available to open. BrioDirect fees Here are some of the bank fees...

- Key Points Apples and oranges can't be directly compared, yet the fact that they're both considered to be fruits means that at least a few comparisons are inevitable, even if they lack rigor. At least in many conversations among investors on social media, that's what's going on with the cryptocurrencies XRP (CRYPTO: XRP) and Chainlink (CRYPTO: LINK). The gist of the online chatter is that Chainlink could be the next XRP in terms of its growth potential, due to its supposedly superior positioning. The comparison between these two coins is, much like talking about apples and oranges, quick to make -- but it isn't actually accurate. The right approach for investors isn't to think about picking a winner from two substitutes, but...

- Crypto Exchange Founder Issues Warning To Avoid FTX-Like Repeat The founder of a crypto exchange that once lost millions of dollars in the FTX collapse is warning the same risks are bubbling up again. Backpack Exchange founder Armani Ferrante joined Coinage to shed light on why the same lack of transparency could once again lead to disastrous outcomes. “It might kind of sound a little sad to say, but it does feel like we've forgotten a lot of the lessons of the last cycle,” Ferrante said. “And you're seeing new things that rhyme.” One of the biggest issues Ferrante called out is a lack of transparency into the health of crypto exchanges. Many have launched their own tokens just as FTX once did. It’s unclear exactly how many of...

- These Leading Retailers Are Considering Stablecoins. Should Investors Be Excited or Wary? Key Points On June 5, cryptocurrency company Circle Internet Group went public with an initial public offering (IPO), and it was a blockbuster success. The IPO stock is the company behind the second-largest stablecoin USD Coin, and the stock is still up more than 75% from where it started trading, showing that investors are very comfortable with this emerging space. This space is indeed emerging. Stablecoins have existed for years, but they lacked regulatory clarity. This all changed with the passage of the GENIUS Act in July. The name stands for the Guiding and Establishing National Innovation for US Stablecoin Act. And major retailers were...

- Crypto traders in South Korea are piling into Cardano. The frenzy is measurable: Cardano’s trading volume on the largest South Korean exchanges is nearly double that on Coinbase in the last 24 hours. Outside of XRP, that’s a mismatch rarely seen for crypto trading volume between Coinbase and the major South Korean exchanges. Coinbase’s 24-hour volume for the likes of Bitcoin and Ethereum are much larger than the figures reported for South Korean exchanges, based on CoinGecko data reviewed by DL News. The South Korean activity surge has come amid a price resurgence for Cardano. The network’s native token, ADA, has gained about 17% in the last two weeks, outperforming Bitcoin and Ethereum. Frenzied trading activity has also pushed...

- As Ethereum continues to enjoy a return to crypto stardom and a rally that has seen ETH climb more than 80% in the last year, there have been no shortage of higher and higher price targets. BitMine chairman Tom Lee, for example, has increased his own Ethereum price target to $16,000 from $10,000 over the last month. But none of the new price targets come close to the one proffered by Etherealize CEO Vivek Raman. Ethereum’s Potential as a Global Ledger As Raman explains in a new Coinage interview, the recent rally is just further proof Ethereum is on its way to becoming the world's ledger, and worthy of a trillion-dollar price tag. Extrapolating the rough math would see Ethereum trade at about $80,000 per token, he says. "I think...

- Bank payment blocked when buying crypto? Join 40% of UK investors UK crypto investors are still having their payments blocked when trying to buy crypto. According to a new survey conducted by Norstat on behalf of UK-based trading platform IG, it found 40% of respondents attempting to buy crypto experienced having their payments blocked or delayed by their banks. “This overreach from banks is only possible because there’s still no clear UK regulatory framework in place governing crypto,” Michael Healy, UK managing director at IG, told DL News in a statement. The survey also found that 42% of UK adults said they opposed banks interfering in crypto transactions, compared to 33% who support such action. When faced with transaction...

- A Conversation with Nish Patel, UK Regional Director at Binance Nish Patel is a dynamic and experienced practitioner in the cryptoasset and financial services industry, with expertise in cryptoasset and blockchain technologies across multiple jurisdictions. His background spans firms of varying sizes and scales, from global tier 1 banks to early-stage start-ups. He currently serves as the Regional Director for Binance in the UK. Career Insights You’ve had a career spanning tier 1 banks, the FCA, Rain, and now Binance. What first drew you into the crypto space? I was drawn to crypto by its potential to fundamentally change how value is created, transferred, and accessed globally. My experience in banking, regulation, and fintech...

- China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per the latest Reuters report. The step would mark a major reversal in the country's crypto policy, which has so far resisted embracing the crypto ecosystem. The decision is part of its strategy to boost the global adoption of its national currency, sources familiar with the matter told the publication. A stablecoin is a type of cryptocurrency that tries to keep its price stable by being pegged to a fiat currency like the U.S. dollar or a commodity like gold. China's cabinet could review and approve the stablecoin roadmap later this month so that the yuan's global usage grows and it can potentially catch up with the U.S...

- Billionaire entrepreneur Mark Cuban has always been vocal about weighing in on financial markets, whether it’s Silicon Valley, Wall Street, or the crypto space. He’s long been known for spotting shifts in business before they hit the mainstream. Cuban, who made his fortune during the dot-com boom and owns the Dallas Mavericks, has been both a supporter and skeptic of digital assets. He’s invested in projects like Polygon, OpenSea, and Aave, and even allowed Mavericks fans to purchase tickets using Dogecoin. This week, he turned his sights on token-forward IPOs, a newer frontier in crypto-finance. Mark Cuban asks will crypto IPOs be treated like a meme coin now? That was Cuban’s exact tweet, posted to X (formerly Twitter), just as...

- Thousands of Grok chats are now searchable on Google Hundreds of thousands of conversations that users had with Elon Musk’s xAI chatbot, Grok, are easily accessible through Google Search, reports Forbes. Whenever a Grok user clicks the “share” button on a conversation with the chatbot, it creates a unique URL that the user can use to share the conversation via email, text, or on social media. According to Forbes, those URLs are being indexed by search engines like Google, Bing, and DuckDuckGo, which in turn lets anyone look up those conversations on the web. Users of Meta and OpenAI’s chatbots were recently affected by a similar problem, and like those cases, the chats leaked by Grok give us a glimpse into users’...

- The tides turned against the cryptocurrency market this week, with many major crypto assets testing their local support levels. At 45, the CMC Crypto Fear and Greed Index is back in neutral territory, but many are hopeful for a strong bounce in September—should the Fed decide to cut U.S. interest rates. With that in mind, let’s take a look at how the BNB ecosystem has developed since our last update. BNB Chain Sector Recap Overall, things have taken a turn for the worse week-on-week (WoW). The BNB Chain sector suffered a 4.9% decline, with $12.8 billion erased from its market capitalization (mcap). BNB (BNB) held up particularly well during this period, losing just 2.4% while many of the largest BEP-20 assets were hit with more...

- Robinhood Markets (HOOD) has taken another step in its diversification strategy, announcing the launch of pro and college football prediction markets. This expansion introduces trading on all NFL regular-season games and matchups from the Power Four conferences and select independents. Unlike traditional sportsbooks that rely on fixed odds, Robinhood’s offering allows users to trade event contracts, buying and selling positions on game outcomes with prices determined by market interaction. This market-based structure, powered by a partnership with Kalshi, a Commodity Futures Trading Commission-regulated exchange, enables HOOD to operate in a federally regulated environment, sidestepping restrictive state betting laws. Since debuting...

- Investors who have never dabbled in bitcoin have likely heard about the cryptocurrency’s incredible returns. While the jury is still out as to whether bitcoin — and cryptocurrency in general — will be a viable asset over the long run, there’s no denying the massive price increase bitcoin has enjoyed. As of Aug. 12, 2025, the price of bitcoin sat at $119,681.14, according to CoinMarketCap. This compares with a price of just $7,200 on Jan. 1, 2020. For those fortunate enough to hold bitcoin over this entire period, that amounts to an astonishing gain of 1,562.24% over five and a half years. One of the things to remember about bitcoin, however, is that it is extremely volatile. While the gains can be breathtaking, so too can the...

- Exclusive: Crypto startup Legion raises $5 million to bring back ICOs—without the scams The ICO, or initial coin offering, era was notorious. A decade ago, crypto founders raised millions and even billions from small-time traders by selling cryptocurrencies tied to new projects. Many raises, like the one for Ethereum in 2014, were in good faith. Others were outright scams. Regulators cracked down on the practice, and ICOs soon became another chapter in crypto history. Now, the practice appears to be making a comeback, and the crypto startup Legion hopes to create the go-to platform where companies can—responsibly—sell tokens to small-time traders, say cofounders Fabrizio Giabardo and Matt O’Connor. “Just think IPO-type rigor...

- China Considering Yuan-Backed Stablecoins to Boost Global Currency Usage China is considering allowing the usage of yuan-backed stablecoins for the first time to encourage broader adoption of its currency globally, according to sources familiar with the matter. This marks a significant shift in China's stance towards digital assets. The State Council, China’s cabinet, will review and possibly approve a roadmap later this month for the wider usage of the currency globally. This plan is expected to include targets for the Chinese currency's use in global markets and outline domestic regulators' responsibilities, alongside guidelines for risk prevention. The country's senior leadership is expected to have a study session as early as...

- Key Points Cardano (CRYPTO: ADA) is a cryptocurrency that sometimes goes against the grain. Its ADA token is a proof-of-stake cryptocurrency, which means the tokens can be staked to earn rewards. The man behind it, Charles Hoskinson, was also a co-founder of Ethereum (CRYPTO: ETH). Cardano's Biggest Selling Point In an industry that's often focused on short-term gains, Cardano is built to last. Each step of its development has been peer-reviewed and carefully thought through. It is designed to scale easily and work with other blockchains. The Cardano team is also more outward-looking than other cryptocurrencies and focused on real-world use cases. For example, it has been working in Africa and Asia for years to promote financial...

- Coinbase’s Base pulls ahead of Tron with $6.6bn in DeFi deposits Coinbase’s blockchain is now the fifth biggest in DeFi. Deposits to decentralised finance protocols on the Base network soared to more than $6.6 billion per DefiLlama data, propelling it above rival Tron. DeFi protocol deposits, often referred to as total value locked, or TVL, are a widely used metric to gauge how well a given blockchain’s DeFi ecosystem can attract capital, and its overall performance compared to its peers. “Base is doing a great job promoting native lending and borrowing protocols,” a spokesperson for DeFi lender Morpho, the biggest DeFi protocol on Base with over $2.5 billion in deposits, told DL News. The spokesperson said Morpho’s integration...

- SoFi teams up with Lightspark on blockchain remittances Fintech firm SoFi Technologies has partnered with Lightspark to power blockchain-enabled international money transfers. The anticipated launch of SoFi's international money transfer service is set for later this year. The service will be embedded within the SoFi app, offering a direct platform for international financial transfers without the necessity of external applications. Lightspark, which specializes in providing enterprise infrastructure by utilizing the Bitcoin Lightning Network, will implement the technology through Universal Money Address (UMA). SoFi CEO Anthony Noto said: “For many SoFi members who regularly send money to loved ones internationally, the ability...