Haycen Secures Stablecoin Issuance License in Bermuda

Haycen, a company focused on trade financing, secured a stablecoin issuance license from the Bermuda Monetary Authority (BMA), the company said Friday.The Digital Asset Business (M) license allows Haycen to issue and manage 1:1 collateralized stablecoins in multiple...

Markets Today: Holding Steady for Powell

Bitcoin (BTC) held a crucial support level at $112,500 overnight, aligned with the 61.8% Fibonacci retracement of its April to July rally. However, the rebound has been muted so far, reflecting cautious positioning ahead of Federal Reserve Chair Jerome Powell’s...
Crypto Has An Inflation Problem

Crypto Has An Inflation Problem

Credit: Image generated by AI ‘Token bloat’ is back in the news with Ethereum taking heat for letting its Layer-2 networks issue tokens without regard for transaction volumes. There’s a name for it when you top-up a money supply to accommodate more users: inflation....