Ripple Labs has kicked in another $25 million to the cryptocurrency industry’s Fairshake political action committee, one of the most aggressive and high-dollar campaign-finance operations in corporate history. The super PAC has made an unprecedented head start on the 2026 election cycle. Between Ripple, crypto exchange Coinbase (COIN) and venture capital firm Andreessen Horowitz (a16z), […]
Archives for November 2024
Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk
Crypto investing may have allowed lower-income Americans to buy their own homes at a higher rate than the rest of the population, according to a paper released Tuesday by the U.S. Treasury’s Office of Financial Research. The rise in cryptocurrency investment in recent years came with a pronounced uptick in debt — most notably mortgages […]
CoinDesk 20 Performance Update: XLM Falls 14.6% as All Index Constituents Decline
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3150.49, down 5.3% (-175.81) since 4 pm ET on Monday. None of the 20 assets are trading higher. Leaders: BTC (-2.5%) and AVAX (-2.7%). Laggards: XLM (-14.6%) and POL […]
Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions
Ethereum is witnessing a surge in “blob” usage, an effective data management tool introduced earlier this year, signaling that more users are embracing layer-2 scaling solutions for faster and more affordable transactions. The number of blobs or binary large objects posted to Ethereum has consistently averaged more than 21,000 this month, matching the record activity […]
U.K. Financial Regulator Aims for Crypto Regime by 2026
The U.K.’s financial regulator, the Financial Conduct Authority, said it wants to implement a crypto regime by 2026 in anticipation of growing crypto ownership in the country. A road map released by the FCA, which oversees the industry, said the agency plans to publish discussion papers on market abuse and disclosures by the end of […]
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