Illustration: Westend61 (Getty Images) After days of tumultuous trading, Bitcoin finally reached $65,000 Friday morning, thanks to its big halving event. The jump in Bitcoin price is a relief for investors as giant banks such as JPMorgan and Goldman Sachs were less confident about the top cryptocurrency in their recent reports. TSMC beat on Q2
Among all cryptocurrencies, stablecoins have always faced the most scrutiny from financial regulators. However, they also have supporters who speak about their benefits to the financial world. Recently, the CEO of Cantor Fitzgerald, the custodian of stablecoin Tether, discussed the potential benefits of stablecoins and the future of asset tokenization in the U.S. economy. Dow
Illustration: Dado Ruvic (Reuters) The U.S. Securities and Exchange Commission (SEC) is considering whether to classify Ether, the second-largest cryptocurrency by market cap, as a security. Fortune reports that the financial watchdog has sent subpoenas to three companies as part of probe of the Ethereum Foundation, the ecosystem that works behind the Ethereum blockchain network.