Circle’s USD Coin (USDC) has achieved a significant regulatory milestone as the first stablecoin to comply with Canada’s new listing standards. This development, announced by Circle’s CEO Jeremy Allaire on December 4, highlights the growing importance of regulatory compliance in the cryptocurrency space. The new regulations, established by the Ontario Securities Commission (OSC) and the
As Bitcoin grapples with its elusive goal of reaching the $100,000 mark, the cryptocurrency market witnesses a dynamic shift with altcoins taking center stage. Leading this charge is Binance Coin (BNB), which has recently catapulted to new heights, achieving an all-time high. In the midst of extremities in market fluctuations, Binance Coin’s remarkable rally has
In a striking assertion, Russian President Vladimir Putin has declared Bitcoin and other digital currencies as imperative for the future of global finance. Speaking at the Investment Forum in Moscow on December 4, he emphasized the potential of Bitcoin in mitigating financial inefficiencies and promoting economic stability while positioning it as a possible global reserve
Launched over two thousand days ago, Pi Network has become a prominent topic within the cryptocurrency community. Despite its lengthy presence and claims to revolutionize mobile cryptocurrency mining, users are still left in anticipation for the official launch of its mainnet and native token. What started on March 14, 2019, as a bold initiative for
In a significant development for global law enforcement efforts, a Russian court has imposed a life sentence on Stanislav Moiseev, the alleged mastermind behind Hydra, an infamous online marketplace for illegal drugs, alongside a hefty fine of four million rubles (approximately $37,500). The court’s decision underscores the growing urgency to crack down on digital drug
Woori Technology, a prominent venture capital firm in South Korea, is reportedly contemplating the sale of its stake in Dunamu, the company behind the popular Upbit cryptocurrency exchange. This move comes as the South Korean crypto market undergoes significant fluctuations, influenced by various economic and political factors. Woori’s decision is particularly intriguing given its original
In recent trading sessions, Bitcoin has experienced a monumental surge, catapulting to an unprecedented high of $103,630 during early hours in Asia on December 5. This significant leap, which marked an increase of over 7% in a mere 12 hours, demonstrates a dynamic shift in market sentiment and investor confidence. Bitcoin’s journey upward commenced from
The cryptocurrency industry has experienced a rollercoaster ride in recent years, not only due to market volatility but also in reaction to the regulatory landscape surrounding it. A recent hearing held by the House Financial Services Committee has brought renewed attention to the difficulties that crypto businesses face in accessing traditional banking services. Representative French
The nomination of Paul Atkins as the new chairman of the U.S. Securities and Exchange Commission (SEC) heralds a pivotal moment in the ongoing evolution of financial regulation in the United States. President-elect Donald Trump, via a post on Trust Social, underscored the significance of Atkins’ acknowledgment of digital assets, positioning him as a forward-thinking
Bitcoin’s journey in the cryptocurrency market has been rife with volatility, but recent price movements have sparked renewed interest among traders and analysts alike. Notably, Bitcoin is attempting to solidify the $96,400 mark as a vital support level, breaking above a bearish trend line that has been constraining its upward mobility. As market participants watch
