Crypto Surges Iran Deal Hope Hits Market

Bitcoin has surged to its highest price in nearly a month, triggering hundreds of millions worth of liquidations as hopes of a deal between the Trump administration and Iran washed the crypto market with positive sentiment.The crypto market surged to a total value of $2.6 trillion, its highest level for…

Banks Criticize White House Report Favoring Stablecoin Yield

The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the “wrong question.”The White House’s Council of Economic Advisers claimed in a research paper on Wednesday, on the “Effects of Stablecoin Yield Prohibition on Bank Lending,” that under a baseline scenario, banning stablecoin yield may only increase bank lending by $2.1 billion, representing…

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Foundry Digital Launches Zcash Mining Pool

Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients.“Institutional and public miners are seeking a compliant, purpose-built Zcash mining solution,” Foundry said on Monday,…

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