19% of New Yorkers own cryptocurrency: Coinbase report

A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption. 

Within the report, Coinbase

Meanwhile, the U.S. Federal Reserve has recently broadened the scope of its program that oversees U.S.-based banks engaging with crypto and blockchain. On Aug. 8, the Fed established a program to limit certain crypto-related activities for banks it supervises.

In other news, U.S.-based stablecoin issuer Circle highlighted that its USD Coin (USDC) has found traction in other parts of the globe. On Aug. 8, Circle CEO Jeremy Allaire said that 70% of USDC adoption comes from outside of the United States. The executive noted progress in emerging markets such as Asia, Latin America and Africa.

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