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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry TurmoilAccording to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter on the Cryptocurrency Industry […]

‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central PlanningAccording to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.” […]

‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction