A Large Portion of EU Crypto Payments Is Spent on Retail and Food
A new report by Oobit, a cryptocurrency payments platform, reveals that 70% of crypto payments in the European Union are directed toward retail, food, and beverage purchases. The findings, which…
Crypto Firms Aim for Bank Charters Amid Regulatory Shift Under Trump
Cryptocurrency and fintech companies are increasingly exploring the option of securing bank charters, a strategy to help expand their operations under the Trump administration, according to a report from Reuters.…
Trump Reveals U.S. Crypto Reserve with Bitcoin, Solana, and More
On Sunday, cryptocurrencies surged following President Donald Trump’s announcement of a new U.S. Crypto Reserve, which will include a mix of digital assets such as bitcoin (BTC), ether (ETH), XRP,…
SEC Rules Most Meme Coins Are Not Securities
The Securities and Exchange Commission (SEC) issued pivotal guidance on Thursday evening, declaring that most meme coins do not qualify as securities under U.S. federal law. This announcement clarifies years…
Argentine President Milei Refutes Involvement in Cryptocurrency Scandal
Argentine President Javier Milei has come under scrutiny following allegations of promoting a controversial cryptocurrency, $Libra. On Friday, Milei mentioned $Libra in a social media post, leading to a swift…
Musk and Altman Clash Over OpenAI
Elon Musk’s ambitious $97.4 billion bid to acquire all assets of OpenAI has been officially rejected by the company’s board of directors. The offer, which Musk claims aims to return…
Australian Police Crack Down on Syndicate Stealing Bitcoin ATMs and Collector Cards
Australian police have unearthed a significant trove of stolen items, dubbed an “Aladdin’s cave,” following a crackdown on a local crime syndicate accused of targeting cryptocurrency ATMs and collector card…
Tether and Guinea Forge Partnership to Develop Blockchain Technology
Tether, the issuer of the major stablecoin, has announced a new partnership with Guinea, aiming to explore the integration of blockchain and peer-to-peer technologies in the country. On February 17,…
New MiCA Guidelines Set Competence Standards for Crypto Industry Staff
The European Securities and Markets Authority (ESMA) has issued a consultation paper on February 17, outlining proposed guidelines to assess the knowledge and competence of staff at crypto asset service…
GameStop Shifts Focus to Cryptocurrency Investments
GameStop, the American video game retailer, is making headlines with its strategic pivot toward cryptocurrency investments. In December 2023, the company’s board approved a new “investment policy,” positioning itself to…
Bitcoin’s Sharp Decline Leads to Broad Sell-Off in Asian Crypto Stocks
On February 3, Asian cryptocurrency stocks experienced significant declines, with Bitcoin plummeting to $91,163 — its lowest level in over three weeks — sparking a broad market sell-off across various…
SEC Thailand Advances with Plans for Digital Token Trading Platform
The Securities and Exchange Commission of Thailand is set to introduce a trading platform utilizing distributed ledger technology (DLT) specifically for securities firms to engage in digital token trading. According…
Bitcoin Regains Dominance Over 60% as Altcoins Face Sharp Declines
Bitcoin’s dominance — a metric that gauges Bitcoin’s proportion of the total cryptocurrency market capitalization — rose above 60% on February 2, during a broad downturn in the crypto markets…
India Considers Adjusting Crypto Policies in Response to Global Adoption
In response to increasing cryptocurrency adoption by other nations, the Indian government is reassessing its regulatory stance on digital assets. India’s economic affairs secretary, Ajay Seth, highlighted the borderless nature…
Trump’s Diplomatic Strategy May Push Allies Towards China
If there’s one lesson that foreign leaders might have deduced from Donald Trump’s presidency, it’s that being America’s adversary can sometimes seem more advantageous than being its friend. Strained Relationships…
Crypto Hack Losses Drop in January Despite Major CeFi Breaches
Cryptocurrency hackers have persisted in their efforts to steal user funds, though the amount stolen in January showed a decline from the previous year, indicating a potentially positive development for…
El Salvador Modifies Bitcoin Law After IMF Deal
El Salvador’s Congress has swiftly approved legislation to amend its Bitcoin laws, aligning with an agreement reached with the International Monetary Fund (IMF). The legislation was ratified by the Legislative…
Fed Chair Powell Encourages Congressional Action on Crypto Regulation
Federal Reserve Chair Jerome Powell recently discussed cryptocurrency regulations after announcing that interest rates in the United States would remain unchanged. Banking and Crypto Following a Federal Open Market Committee…
Robinhood Launches Bitcoin Futures Trading
Online brokerage Robinhood is expanding its offerings with the launch of futures trading, including Bitcoin and other assets. Expanding Beyond Stocks The company, known primarily for stock trading, introduced…
Gary Gensler Rejoins MIT Faculty to Explore AI and FinTech
Gary Gensler, the former chairman of the Securities and Exchange Commission (SEC), has taken up a professorship at the Massachusetts Institute of Technology (MIT) to teach and conduct research on…