Tag: stablecoin

Robinhood, Kraken, Galaxy Digital, among others, have launched the Global Dollar Network – a collaborative effort to enhance the role of the U.S. dollar in digital finance through stablecoin adoption.

Kraken has launched a regulated brokerage service for Australia, targeting institutional and high-net-worth clients with a focus on crypto derivatives.

USDC issuer Circle is planning to expand into the Asian market, focusing on Hong Kong as it prepares for its initial public offering (IPO).

Recent reports indicate that Tether’s USDT, the largest stablecoin by market capitalization, may be gaining traction in countries facing sanctions.

Imagine turning a small investment into substantial wealth through the right choices in the crypto market. With digital currencies continuously evolving, new opportunities arise for remarkable returns.

In Q3 2024, institutional investment in Solana-based applications witnessed a significant surge.

Turning a modest investment into a substantial fortune is a tantalizing possibility in the crypto world.

Tether (USDT) is increasingly focusing on markets in Europe, the Middle East, and Africa due to regulatory pressures in the United States, with its supply surpassing $120 billion.

Tether is set to launch its dirham-pegged stablecoin on The Open Network (TON) blockchain.

Paxos has launched its new stablecoin, Global Dollar (USDG), specifically designed for the Singapore market and backed by U.S. dollars under the management of DBS Bank.

Stablecoin issuer Tether reported $2.5 billion in profit for the third quarter, raising its cumulative profit for the year to $7.7 billion.

Italian Minister of Economy and Finance Giancarlo Giorgetti has defended the government’s plan to increase the capital gains tax on cryptocurrencies like Bitcoin from 26% to 42%, pushing back against critics at a World Savings Day event on October 31.

Justin Sun, the founder of TRON, has revealed that the company is now a participant in the Chainlink SCALE initiative.

Recent U.S. Treasury meeting minutes highlight a growing interest in digital assets and their potential impact on the financial market, driven by the increasing adoption of stablecoins.

First Digital Labs is set to launch its FDUSD stablecoin on the Solana blockchain in December 2024, enhancing global transaction speed and reducing costs.

As Coinbase approaches its Q3 earnings report, the company’s position in a rapidly evolving cryptocurrency market remains in the spotlight.

XRP has faced a rough year despite a generally bullish crypto market in 2024, trending downward to reach $0.53 as of October 29, marking a 14.19% decline since the beginning of the year.

Tether CEO Paolo Ardoino defended the company’s compliance with international sanctions amid renewed scrutiny, stressing that Tether’s fate is ultimately in the hands of U.S. authorities.

Europe’s upcoming Markets in Crypto-Assets Regulation (MiCA), effective December 30, poses significant challenges for stablecoin issuers by requiring them to hold at least 60% of reserves in European banks.

Donald Trump’s crypto venture, World Liberty Financial, recently made waves after raising $14 million in an initial token sale, setting the stage for more ambitious projects.

Circle, the issuer of the USDC stablecoin, is resolute in its pursuit of going public despite facing a prolonged IPO approval process.

Rexas Finance (RXS) is gaining momentum as a penny crypto priced under $0.10, setting its sights on outperforming major competitors like Sui (SUI) and DogWifHat (WIF).

As December approaches, four cryptocurrencies are poised for significant growth. Market analysts point to trends and developments that hint at substantial gains in the coming weeks.

The U.S. government successfully reclaimed nearly $19.3 million in cryptocurrency within 24 hours after it was mysteriously drained from government-associated wallets.

In a recent podcast appearance, Ripple CEO Brad Garlinghouse raised eyebrows when he predicted a potential “Black Swan event” involving Tether’s flagship stablecoin, USDT.

The Scroll ecosystem is currently facing significant turmoil following allegations of a rug pull involving Essence Finance, a stablecoin initiative within the network.

Rumours started swirling around X (previously Twitter) about federal investigators probing the stablecoin issuer Tether.

Federal authorities are allegedly intensively investigating Tether for possible breaches of U.S. sanctions and anti-money laundering laws, according to sources familiar with the case.

Crypto security incidents remain a persistent challenge, with September alone seeing $120 million in losses from various hacks.

Tether, the issuer of the world’s largest stablecoin, is reportedly in discussions with the Turkish government to create digital tokens backed by borate minerals.

Circle’s euro-backed stablecoin, EURC, has reached an all-time high supply of over 90 million, driven by growth on Coinbase’s Ethereum Layer 2 network, Base.

XRP has experienced significant volatility throughout 2024, with a 14.26% decline since the year’s start. Several key factors have influenced this price movement.

Gold, traditionally viewed as a store of value, is approaching the $3,000 mark, currently trading above $2,700 and reaching new all-time highs.

During DC Fintech Week, Tether’s CEO, Paolo Ardoino, called for rational cryptocurrency regulations in the U.S.

Aurum Equity Partners, a private equity firm, has unveiled an ambitious $1 billion tokenized fund focused on both equity and debt, set to operate on the XRP Ledger, which is closely associated with Ripple.

Messari, a well-known provider of digital asset market intelligence, has published a report detailing TRON’s third quarter performance.

In October, the cryptocurrency market saw a 13% increase in market capitalization, rising from $2 trillion to $2.3 trillion, driven by increased activity from retail investors.

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, recently expressed skepticism about the practical use of cryptocurrency.

The cryptocurrency market is seeing renewed bullish momentum with Bitcoin recently crossing the $69,000 level.

In a groundbreaking move that marks the largest acquisition in the history of the cryptocurrency industry, one fintech giant has made waves by securing a major stablecoin platform in a $1.1 billion deal.

BlackRock is reportedly negotiating with centralized exchanges, including Binance, OKX, and Deribit, to enable the use of its BUIDL fund as collateral for derivatives trading, according to an October 18 report from Bloomberg.

Tron’s meme coin platform, SunPump, experienced a major boost in the third quarter, as detailed in Messari’s report.

With a massive $142 million liquidated within a day, the crypto market faces volatility that rattles even seasoned investors.

At the beginning of the year, some cryptocurrencies soared in value, leaving many investors wishing they had joined in.

The UAE’s Central Bank has taken a significant step by granting initial approval to AED Stablecoin, setting it up to potentially be the first officially regulated dirham-pegged stablecoin in the region.

Montenegro has begun the extradition process for Terra Luna’s founder, Do Kwon, who faces charges in South Korea tied to the downfall of the Terra ecosystem, which caused massive financial losses.

Former CFO for PayPal’s Digital Currencies division, is collaborating with Ripple to establish an eco-friendly blockchain venture.

Ireland is poised to formulate new cryptocurrency regulations as it anticipates upcoming European Union mandates on anti-money laundering and counter-terrorism financing.

Blockaid, a company specializing in blockchain security, has integrated its Onchain Detection and Response (ODR) technology into the Stellar blockchain, initially targeting the Lobstr and Freighter wallet applications.

Coinbase has countered allegations of a significant decline in Bitcoin (BTC) liquidity on its platform following the SEC’s lawsuit against Cumberland, a leading market maker.

Stripe is exploring a potential acquisition of Bridge, a stablecoin payment platform, as it aims to strengthen its foothold in the stablecoin market.

A recent Chainalysis report released on October 17 reveals that Bitcoin activity in the United States has surged following the introduction of spot BTC ETFs.

An innovative AI-powered cryptocurrency is emerging, capturing attention with its promise to emulate the rapid growth of previous digital currency success stories.

Experts believe that IntelMarkets (INTL) might trigger the next AI rally, surpassing Ripple (XRP) and Dogwifhat (WIF).

Siam Commercial Bank (SCB), Thailand’s oldest bank, is set to launch stablecoin-based cross-border payment and remittance services in partnership with fintech company Lightnet.

ESMA has called for updates to the EU’s Markets in Crypto-Assets Regulation (MiCA), emphasizing the need for regulatory adjustments.

Big investors are purchasing large amounts of specific cryptocurrencies, hinting at potential market shifts.

Binance’s latest report, “Overview of Global Stablecoin Regulation,” highlights the varied regulatory frameworks for stablecoins worldwide.

A new joint report from Coinbase and Glassnode highlights the rapid evolution of the cryptocurrency market.

Ripple has disclosed its partners for the launch of its dollar-backed stablecoin, Ripple USD (RLUSD).