UK Crypto Groups Criticize Bank Of England’s Proposal To Cap Stablecoin Ownership – Report

Google has launched an AI payments protocol that supports stablecoins, aiming to enhance the use of digital assets in everyday transactions. This initiative could significantly boost mainstream cryptocurrency adoption.

Editor’s Note: This development is important as it represents a major tech company's commitment to integrating cryptocurrency into daily financial activities, potentially making digital currencies more accessible and widely accepted.

BofA's CFO highlights that clear regulations can boost stablecoin development, improving financial services and encouraging collaboration in the industry.

Editor’s Note: This is significant as it suggests that clearer legislative frameworks could lead to more innovation in the financial sector, particularly in the realm of digital currencies, which could benefit clients and the broader economy.

Openbank has launched trading for Bitcoin, Ether, and Cardano for retail clients, marking a significant step in digital asset adoption in Europe.

Editor’s Note: This launch is important as it may push traditional banks to offer similar cryptocurrency services, potentially transforming the financial landscape in Europe.

US lawmakers are meeting with 18 key figures from the crypto and traditional finance sectors to discuss advancing the Bitcoin Act. This initiative aims to create a clearer regulatory framework for Bitcoin and other cryptocurrencies.

Editor’s Note: This meeting is significant as it represents a collaborative effort between lawmakers and industry leaders to shape the future of cryptocurrency regulation in the US. The Bitcoin Act could pave the way for more innovation and investment in the crypto space.

In 2025, the Tron network saw a significant increase in the supply of Tether's USDT stablecoin, reaching $23 billion. This growth highlights Tron's expanding user base and its prominent role in the blockchain sector.

Editor’s Note: The surge in USDT supply on the Tron network is a positive indicator of its adoption and relevance in the stablecoin market. As more users engage with Tron, it could lead to increased stability and innovation in the blockchain space.

The crypto market is experiencing a downturn today, with Bitcoin and several altcoins losing gains from the weekend. Bitcoin's price has dropped to $115,000, while Ethereum, Solana, and Cardano have also seen significant declines.

Editor’s Note: This decline in the crypto market is important as it reflects broader trends in investor sentiment and market stability. Understanding these fluctuations can help investors make informed decisions and anticipate future movements in the cryptocurrency landscape.

MetaMask has partnered with Transak to simplify stablecoin transactions, potentially boosting crypto adoption.

Editor’s Note: This collaboration is significant as it merges traditional finance with decentralized technology, making it easier for users to engage with cryptocurrencies.

Cardano's price is currently around $0.86, sparking renewed interest among traders after a period of uncertainty. Many are speculating about a potential breakout that could lead to a target of $1.

Editor’s Note: This matters because Cardano is a significant player in the cryptocurrency market. A breakout could indicate a bullish trend, attracting more investors and impacting the overall market sentiment.

Hong Kong plans to introduce auditing guidelines for stablecoins within the next 1-3 years, according to Sun Deji, chairman of the Hong Kong Institute of Accountants and Financial Reporting. This move aims to enhance regulatory clarity in the cryptocurrency space.

Editor’s Note: The introduction of auditing guidelines for stablecoins is significant as it reflects Hong Kong's commitment to establishing a robust regulatory framework for cryptocurrencies. This could boost investor confidence and promote the growth of the digital asset market in the region.

UK crypto and payments groups are criticizing the Bank of England's proposal to limit individual stablecoin holdings, arguing it would be expensive and difficult to implement.

Editor’s Note: This issue is significant as it highlights the ongoing tension between regulatory bodies and the rapidly evolving cryptocurrency market. The proposed limits could stifle innovation and investment in the UK crypto sector.

Cardano founder Charles Hoskinson defended his project against 'ghost chain' critics during a recent address in Wyoming, emphasizing the importance of decentralization over speed and token economics.

Editor’s Note: This matters because Hoskinson's comments highlight ongoing debates in the cryptocurrency community about the direction of blockchain technology and the values that should guide its development.

The crypto industry is opposing the Bank of England's proposed caps on stablecoin ownership, arguing that such restrictions could hinder innovation and growth in the sector.

Editor’s Note: This issue is significant as it highlights the ongoing tension between traditional financial institutions and the rapidly evolving cryptocurrency market. The outcome could shape the future of stablecoins and their role in the economy.

Spot Bitcoin ETFs have attracted $260 million in inflows, potentially helping BTC break the $118,000 resistance level.

Editor’s Note: This is significant as breaking the $118,000 barrier could lead to a new price surge for Bitcoin, attracting more investors and boosting market confidence.

PayPal has launched a new service called PayPal Links, allowing users to create personalized payment links that can be shared via text messages, DMs, or emails. This innovation aims to simplify peer-to-peer transactions.

Editor’s Note: This development is significant as it merges communication with financial transactions, making it easier for users to send and receive money. It reflects PayPal's commitment to enhancing user experience in digital payments.

Today's crypto news covers the latest trends and events affecting Bitcoin, blockchain technology, DeFi, NFTs, Web3, and crypto regulations.

Editor’s Note: Staying updated on cryptocurrency developments is crucial for investors and enthusiasts alike. Understanding daily trends can help navigate the volatile market and make informed decisions.

Bitcoin and Ether exchange-traded funds (ETFs) have attracted over $600 million in investments, highlighting the growing interest in cryptocurrency markets.

Editor’s Note: This surge in investment reflects a positive trend in the cryptocurrency sector, indicating that more investors are looking to diversify their portfolios with digital assets. The popularity of crypto ETFs could lead to increased market stability and further adoption of cryptocurrencies.

Bitcoin's rapid growth is slowing down, indicating it may be reaching its technological limits.

Editor’s Note: This matters because it could affect investors' confidence and the future of cryptocurrency as a whole. Understanding these trends is crucial for anyone involved in the digital currency market.

Swiss banks UBS, Sygnum Bank, and PostFinance have successfully completed the first legally binding payment using blockchain technology, demonstrating its potential for bank deposits and institutional payments.

Editor’s Note: This milestone is significant as it showcases the practical application of blockchain in traditional banking, potentially transforming how financial transactions are conducted and increasing efficiency in the sector.