a16z Calls Stablecoins a Global Macroeconomic Force, Helping Best Wallet Toke...
Quick Facts: 1️⃣ Venture capital firm a16z reveals stablecoin trends in a new report, strengthening long-term conviction in the broader crypto market. 2️⃣ The growing transaction volume and market cap signal that the market’s expansion is unstoppable, should crypto infrastructure keep up with rising adoption. 3️⃣ The report is good news for the emerging Best […]
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Robocoin has announced the launch of a custom bitcoin wallet for consumers called the Robocoin Wallet. The move finds the Las Vegas-based bitcoin services company in the midst of its ongoing evolution away from the bitcoin vending machines that dominate the bitcoin ATM market and toward a global remittance and bitcoin banking platform it calls "Robocoin 2.0", first announced in June. Speaking to CoinDesk, Robocoin CEO Jordan Kelley indicated that the Robocoin Wallet will allow the company to bring more of the essential services for its planned bitcoin banking and remittance network under....
A new European Parliament draft report on digital currencies calls for the creation of a task force specifically devoted to the technology. The report, penned by European Parliament member (MEP) Jakob von Weizsäcker of the Committee on Economic and Monetary Affairs, seeks the establishment of a task force, with its own budget and dedicated staff, that would study digital currencies and provide policy advice to the European Union and member-states. Further, the report calls for tightening regulation of both exchanges and wallet service providers – something the European Commission, the....
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable. Growth of Stablecoins, Defi Warrants Regulation and Supervision, ECB Says Crypto-related financial risks, those associated with stablecoins and defi platforms in particular, as well as the threat to climate transition goals blamed....
The U.S. Commodity Futures Trading Commission (CFTC) is considering a plan that would allow tokenized assets, including stablecoins, to serve as collateral in derivatives markets. If approved, stablecoins like $USDC and $USDT would be treated as traditional collateral, like cash or US Treasurys in regulated derivatives markets. This is excellent news for Best Wallet and […]
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year.
A16z to Double Down on Crypto
A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports. The VC company, which focuses its investments on tech-related companies and has more than $28 billion in assets, is seeking $4.5 billion dollars to invest....