Stablecoins

In a bid to enhance transparency and trust in its operations, the stablecoin TrueUSD (CRYPTO: TUSD) Thursday announced a partnership with accounting firm Moore Hong Kong (MooreHK), that will provide daily attestation services. The goal is to bolster confidence among stakeholders and token...

Stablecoins issuer Paxos has been granted regulatory clearance to broaden its offerings onto the Solana (CRYPTO: SOL) blockchain. Plans to initiate this expansion are set for Jan. 17, 2024. Paxos "is the most regulated stablecoin issuer in the world," according to Walter Hessert, the...

Bank of Korea (BOK) Gov. Rhee Chang-yong highlighted the rapid evolution of the digital financial landscape and its implications for central banks worldwide at a conference, "Digital Money: Navigating a Changing Financial Landscape," last Friday. What Happened: Rhee...

Hong Kong-based gaming company Animoca Brands on Monday disclosed substantial financial holdings and a wide array of investments, in an apparent bid to highlight its strong position in the burgeoning Web3 and blockchain industry. According to the report, as of Nov. 30, 2023, Animoca...

Bitcoin’s (CRYPTO: BTC) year-to-date performance of 156% gains stood significantly ahead of gains reported by Nasdaq (-11%), S&P 500 (+23%), and Gold (SPDR Gold Trust +9.6%). What Happened: The year 2023 witnessed a major increase in institutional involvement in cryptocurrencies. Close...

Shedding light on the complexities of cryptocurrency regulation and the consequential legal actions against Binance founder Changpeng Zhao, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam on Thursday said the crypto mogul could eventually serve jail time. In an interview...

The cryptocurrency market has demonstrated resilience despite the U.S. Federal Reserve holding interest rates at their current level. Prices of major digital assets continue to rise. Bitcoin (CRYPTO: BTC), for example, witnessed a notable increase in its price, currently trading at approximately $...

2024 could be a year of significant milestones for the cryptocurrency industry. Crypto index fund manager Bitwise on Wednesday laid out key trends to look forward to, including Bitcoin's (CRYPTO: BTC) reaching new heights as well as the emergence of artificial intelligence (AI)...

S&P Global Ratings assigned a "constrained" stability assessment to stablecoin issuer Tether (CRYPTO: USDT), raising concerns due to limited transparency in its reserve management and asset composition. What Happened: The firm's assessment of '4' reflects concerns over the...

The detention of Terraform Labs co-founder Do Kwon in Montenegro has been extended for two more months, until Feb. 15, according to court spokeswoman Marija Rakovic. This decision by the High Court in Podgorica comes in response to requests from both the United States and South Korea, where...

Asset management giant VanEck released a comprehensive forecast for the cryptocurrency market in 2024, projecting significant developments and shifts. Key among these predictions was the expectation that more than $2.4 billion would flow into Bitcoin (CRYPTO: BTC) ETFs, leading to a record...

In a thought-provoking statement, Coinbase Inc. (NASDAQ: COIN) CEO Brian Armstrong has proposed that Bitcoin (CRYPTO: BTC) could be pivotal in extending the influence of Western civilization, particularly in defending the long-term interests of the American dollar. Bitcoin As A Check And Balance...

Institutional investors are wary of altcoins and prefer holding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). According to crypto exchange Bybit, Institutional Investors (INS) increased their Bitcoin holdings during the first three quarters of 2023. In September alone, a staggering 50% of INS...

USDC (CRYPTO: USDC) stablecoin issuer Circle signed an agreement with Japanese securities and banking major, SBI Holdings. This will expand stablecoin usage in Japan and widen the use of Circle’s Web3 services. What Happened: The deal will see that the two companies remain compliant with...

A group of nine bipartisan U.S. lawmakers has appealed to the Treasury Department to reconsider its proposed digital assets taxation regime, expressing concerns that the current proposals, if implemented, could stifle innovation and adversely impact the digital asset ecosystem. The central...