The recent establishment of the Solana Policy Institute (SPI) marks a pivotal moment for both the Solana ecosystem and the broader landscape of blockchain technology in the United States. Founded on March 31 by Miller Whitehouse-Levine, the former CEO of the DeFi Education Fund, SPI is designed to act as a guiding beacon, pushing for
Regulation
On March 28, the Federal Deposit Insurance Corporation (FDIC) unveiled a groundbreaking directive rescinding previous restrictions on cryptocurrency-related activities in banks. Acting Chairman Travis Hill declared that institutions under the FDIC’s supervision could now engage in crypto endeavors without the burden of prior approvals. This progressive policy shift heralds a new chapter in the regulatory
Dunamu, the powerhouse behind UPbit—the largest cryptocurrency exchange in South Korea—has displayed financial resilience that is nothing short of extraordinary. In the face of stringent regulations and scrutiny from South Korean authorities, the company’s operating profit for 2024 skyrocketed by an astonishing 85.1%, hitting approximately $682 million. Such growth reveals not only the adaptability of
In a bold move that echoes the complexities of financial governance in the digital age, South Korea’s Financial Intelligence Unit (FIU) has recently barred access to 17 overseas cryptocurrency exchange applications on Google Play. Among those affected are prominent names like KuCoin and BitMart, which have catered to an increasingly enthusiastic South Korean crypto population.
In an era where digital currency is gradually transforming financial landscapes globally, Arizona, Kentucky, and Oklahoma are taking pioneering steps to embrace Bitcoin through innovative legislation. Unlike the hesitant, fragmented approaches often seen in other states, these three are forging paths that could set a precedent—not just for themselves but potentially for other regions across
The cryptocurrency world is no stranger to polarizing predictions, yet the recent statements by Arthur Hayes, co-founder of BitMEX, hold significant sway, particularly among investors hungry for guidance in this volatile space. Hayes’ assertion that Bitcoin (BTC) could potentially ascend to $110,000, before facing any substantial setbacks, marks a notable departure from his previous bearish
Australia is on the precipice of a significant transformation in its digital asset landscape. The Treasury’s announcement regarding a framework for the crypto sector reveals a critical, albeit cautious, approach to regulation. By subjecting crypto exchanges, custodians, and issuers of stablecoins to existing financial services laws, the Australian government seeks to bring a semblance of
In a significant move that makes waves across the European crypto landscape, Germany’s Federal Financial Supervisory Authority, known as BaFin, has thrown shade on Ethena Labs. This Frankfurt-based entity faced a sharp rebuke regarding its application to issue asset-referenced tokens under the European Union’s Markets in Crypto-Assets Regulation (MiCAR). The rejection is not just about
The ongoing narrative surrounding the digital euro reveals a deep concern about Europe’s financial autonomy, particularly in light of its dependence on US-based payment giants. As highlighted by Philip Lane, the ECB’s Chief Economist, the reliance on companies like Visa, Mastercard, and PayPal presents a significant vulnerability. This dependence effectively places Europe at the mercy
North Dakota has made headlines by advancing a legislative measure to clamp down on the wild west of cryptocurrency transactions through ATMs. With a $2,000 daily transaction limit now on the table, the state’s lawmakers are asserting their authority in a space fraught with potential fraud. As the cryptocurrency market swells and becomes increasingly convoluted,
