During the recent Binance Blockchain Week held in Dubai, Circle’s CEO, Jeremy Allaire, articulated a vision of hopeful progress within the realm of cryptocurrency regulation. His remarks delve into a pivotal moment for the global financial landscape, suggesting that ongoing discussions and developments around regulations could have profound implications for the future of stablecoins. Allaire’s
Crypto
Polymarket, the leading blockchain betting platform, has gained significant attention since its inception in 2020. Backed by prominent investors, including Peter Thiel’s Founders Fund, it offers an innovative way for users to wager on event outcomes, including elections. However, recent analyses cast shadows on its reliability as an electoral predictor, bringing to light methods that
On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a remarkable influx of $872 million, setting a new record for the highest single-day inflow since its launch in January. This significant uptick occurred just a day after IBIT reported a trading volume of $3.35 billion, the most substantial level observed in over six months. Such
The Royal Government of Bhutan has recently made headlines by depositing a substantial amount of Bitcoin into the Binance cryptocurrency exchange. Specifically, 929 BTC were transferred at a time when Bitcoin’s price crossed the $70,000 mark for the first time since mid-June. According to Lookonchain, sources such as Arkham Intelligence confirmed that this transaction, amounting
In a groundbreaking move, Circle, a prominent stablecoin issuer, has forged a partnership with HKT, a notable player in technology, media, and telecommunications within Hong Kong. This collaboration, encapsulated in a newly signed Memorandum of Understanding (MOU), aims to harness the power of blockchain technology to develop innovative loyalty solutions that cater specifically to the
The world of cryptocurrency has been fraught with challenges and controversies, particularly as it relates to illicit activities and regulatory compliance. A recent case from Indiana highlights these issues through the indictment of Maximiliano Pilipis, a former resident accused of serious financial crimes involving an unlicensed virtual currency exchange. This incident raises crucial questions about
The cryptocurrency market has always been notorious for its volatility, and recent movements from Ripple (XRP) are no exception. The digital asset has shown signs of a cautious rebound, temporarily moving away from the crucial $0.5 support zone and approaching the 200-day moving average. However, traders are facing a dilemma: is this a genuine recovery
On October 29, 2023, Visa made headlines by announcing a groundbreaking partnership with Coinbase aimed at enhancing real-time money transfer capabilities between conventional banking systems and cryptocurrency services. This collaboration is a significant advancement towards unifying traditional finance with digital currency transactions, ensuring a seamless experience for users in both the US and European markets.
In a shocking turn of events, DWF Labs, a prominent venture capital firm focused on cryptocurrency investments, has recently found itself embroiled in a serious scandal. The incident, which occurred during a company event in Hong Kong, centers around allegations made by a venture capitalist named Hana. She claimed that a partner at DWF Labs
On October 29, the BlackRock iShares Bitcoin Trust (IBIT) made headlines by recording a monumental $642.9 million in inflows, according to data from Farside. This influx marks the largest single-day inflow since March 12 and signifies a resurging interest in Bitcoin investment funds. The overall net inflow for all Bitcoin-related funds hit an impressive $870.1
