Bitcoin adoption could reach 90% by 2030, investment firm founder claims

Adoption started slow, but has ramped up with the passage of time. With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years.  "I think in 2029, 2030, when 90% of US households and people in the United States use cryptocurrency and Bitcoin, then I think it becomes a stable part of the economy, and not just the US economy, but I think the world economy," Estes told Cointelegraph in an interview.  Estes' rationale is based on analysis of the S-curve, a common graphical image depicting the speed and process of adoption for new technologies.

This Paradigm-Backed Startup Is Offering DeFi’s First ‘T-Bill’

Newly launched DeFi lending project Yield Protocol is offering stable interest rates for investors.

Bitcoin Millionaires at an All-Time High as Analysts Warn of a Pullback Before BTC Moves Higher

Bitcoin’s price has remained stable overnight, currently trading at the $13,000 level.

US financial watchdog fines early Bitcoin mixer $60M for money laundering

FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations. The founder and operator of some of the first "mixing" services in crypto will have to cough up $60 million to US regulators, even as he faces continued criminal charges.  The US Treasury's Financial Crimes Enforcement Network (FinCEN) announced on Monday a $60-million fine fine against Larry Dean Harmon, the man behind Helix and Coin Ninja. Harmon was arrested in February for operating a stable of tumblers or mixers that Washington, D.C.

FSB releases recommendations to regulate 'global stablecoins' such as Libra

The Financial Stability Board has warned that global stablecoins could pose systemic risks to the monetary systems of nation-states. The G20’s financial watchdog, the Financial Stability Board (FSB), has published regulatory recommendations opposing the trans-national ambitions of “global stablecoins,” such as Facebook’s Libra project. The FSB’s report offers regulatory recommendations to G20 member states and the broader international community intended to prevent stablecoin projects from using opportunities for "regulatory arbitrage" and becoming embedded within the financial structures of national economies. The report warns that so-called global stablecoins (GSC) could become “systemically important” across jurisdictions, undermining the capacity for governments to dictate monetary and investment policy within their borders. “The decentralized nature of GSC arrangements could pose governance challenges; stabilization mechanisms and redemption arrangements could pose market, liquidity, and credit risks.” The report also notes risks relating to the technology underpinning stablecoins, warning that “the infrastructure and technology used for recording transactions, and accessing, transferring and exchanging coins could pose operational and cyber-security risks.”  Unique challenges relating to the collection and storage of data relating to GSC transactions were also identified. The FSB emphasizes that the challenges stable tokens pose to the financial governance of nation-states are currently limited by their relatively small adoption.

Waves Exchange: Introducing Decentralized Forex for Stable Crypto Assets

[Featured content] Decentralized finance (DeFi) is certainly the hot topic of 2020 and a field where most of the attention in the industry is focused on.

Bitcoin Pushed to $10,700 as Larger Altcoins Remain Stable (Thursday Market Watch)

Although most of the cryptocurrency market has remained calm in the past 24 hours, BTC has registered a slight increase after gains on Wall Street.

Bitcoin Stable at $10,750, Wall Street in Green as President Trump Returns to Office (Market Watch)

US President Donald Trump has left the medical center he was treated for COVID-19 and returned to the White House.

Trump’s Health Gives Markets a Boost As Crypto Continues Stable Run

Global markets have been fearing another downturn despite Trump's improving health.

Bitcoin Price Stable Despite BitMEX Arrests and Trump's COVID Diagnosis

As the rest of the market fluctuates, Bitcoin's price holds steady.

Tezos DeFi Foundation receives investment from VC firm Draper Goren Holm

Tezos Stable Technologies (StableTech), the nonshareholder foundation for DeFi on Tezos has received investment from blockchain-focused VC firm Draper Goren Holm, according to a report published today The post Tezos DeFi Foundation receives investment from VC firm Draper Goren Holm appeared first on AMBCrypto.

Bitcoin may be stuck below $11k but its adoption is unhindered, here's why

The crypto market saw a relatively stable week as Bitcoin continued its quest towards $11k.

Trump and Biden Trade Blows, and So Did the Markets

The US election between Trump and Biden is causing increased volatility in markets across the world, but Bitcoin again has proved a stable investment for institutional investors.

‘DeFo’ staking enabled for Waves' Neutrino stablecoins

Crypto traders can earn passive income through Neutrino stablecoin staking. US-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking. According to a Sept.

DeFi Tokens Sink as Bitcoin Price Holds Steady

Bitcoin is having a bad September, but the last 24 hours have been relatively stable.

What price must Bitcoin reclaim for a renewed bull market in October?

Bitcoin remaining relatively stable despite a cryptocurrency exchange getting hacked over the weekend is a positive sign for the market’s maturity. Volatility was expected throughout the week regarding the expiration of a significant amount of futures.

Bitcoin and Altcoins Recovery Reaches Inflection Zone

Bitcoin price remained stable above USD 10,200 and started a steady recovery wave.

Uniswap’s Token UNI Stable Above $5.50 as Negative Funding Rates Soar

Uniswap’s recently released token – called UNI – has seen massive inflows of investments throughout the past day, with the large buy-side orders far outweighing the relatively small sell orders from users who received 400 tokens via an airdrop.

Binance USD is coming to Dapper Labs’ Flow blockchain

Dapper Labs has partnered with its second major stablecoin this week, announcing the integration of BUSD for developers building on its Flow blockchain. The US dollar stablecoin of top crypto exchange Binance, BUSD, has become the latest stable token to announce it will launch on Dapper Labs’ Flow blockchain. The news comes just days after the platform added the rival USD Coin (USDC) stablecoin. Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered games CryptoKitties and NBA TopShot, began working on Flow to address the scaling issues with Ethereum (ETH) that CryptoKitties starkly exposed after launching in late 2017. The new partnership will allow developers building on Flow to permissionlessly integrate BUSD into their decentralized applications (DApps), with the firms asserting that BUSD will open the door to developers looking to build stablecoin-powered decentralized finance (DeFi) applications on Flow.

yearn.finance Creator Has New Idea, YFI Rallied On Coinbase Pro News

One of the currently most popular projects in the decentralized finance (DeFi) space, yearn.finance (YFI), revealed StableCredit, a new protocol for decentralized lending, stablecoins, and automated market makers (AMMs). "StableCredit is a protocol that combines tokenized debt stable coins, lending, AMMs, and single sided AMM exposure to create a completely

US Stocks Outperform Bitcoin as BTC Fails to Break $12,000

Bitcoin is having a nice year, but after a relatively stable month for cryptocurrency, a resurgent stock market is dominating investors' attention.

Market Watch: Over 100% Gains For YF Defi Tokens, Bitcoin Is Stable

While Bitcoin is trading at about $11,600, double- and even triple-digit price pumps among some altcoins have decreased its dominance to 58.4%. The post Market Watch: Over 100% Gains For YF Defi Tokens, Bitcoin Is Stable appeared first on CryptoPotato.

This Swiss e-commerce giant accepted payment in digital franc

Sygnum, a digital assets bank in Switzerland announced in a release that it enabled the world’s first e-commerce transaction that involved using a stable coin.

Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week.