Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), is pushing for tighter control over the country’s cryptocurrency sector. ASIC Commissioner Alan Kirkland has revealed that crypto firms, not just exchanges, may soon be required to obtain licenses under the Corporations Act. This move is intended to offer better
A renowned cryptocurrency analyst, known for accurately predicting Ethereum’s (ETH) drop below $900 during the 2022 crypto winter, has recently labeled a new rival to Solana (SOL) as a ‘must-hold’. The analyst, active on X (formerly Twitter), had forecast Ethereum’s decline after it peaked near $5,000 in late 2021, a
August output reports from Bitcoin miners showed varied results for the industry as a whole. Several businesses have taken proactive measures to streamline their processes in response to network challenges and the increased demand for power, especially in Texas, a state with a large mining industry. With the Bitcoin network’s
The Bitcoin-based DeFi industry is heading for a shakeup following news that BitGo, creator of the “Wrapped Bitcoin” or wBTC token that’s used to represent BTC on the Ethereum blockchain, is working with new custodians in Hong Kong and Singapore. As experienced DeFi stalwarts will know, wBTC provides users with
The total amount of USDT tokens minted in the last year by stablecoin issuer Tether has reached $33 billion. Thanks to the addition of 1 billion USDT tokens on the Tron network. According to blockchain data, Tether minted $1 billion worth of USDT to its treasury wallet on August 20th
The cryptocurrency market is witnessing a significant influx of liquidity following the minting of $1 billion USDT by Tether Treasury. This minting event brings Tether’s total issuance to an impressive 23 billion USDT over the past year, marking a substantial increase in market liquidity and investor confidence. This fresh minting
DBS Bank, Singapore’s largest bank by assets, initiated a pilot project for its new “DBS Treasury Tokens” collaborating with Ant International, a global fintech of Alibaba’s Ant Group. This initiative aims to revolutionize treasury and liquidity management for multinational corporations. The DBS Treasury Tokens, which operate on DBS’s permissioned blockchain,
The report for the second quarter (Q2) of this year has been issued by Tether Holdings Ltd, the issuer of USDT stablecoin. The company claimed a substantial increase in its earnings base in addition to retaining its quarterly supremacy. The USDT issuer announced a significant profit of $5.2 billion for
After Bitcoin’s month-long consolidation, this week turned positive for the global cryptocurrency market with a series of pivotal events and announcements. Bitcoin has shown a strong bounce, trading nearly 15% higher on the monthly chart and nearing the $70,000 zone. This upward movement follows the Bitcoin conference over the weekend,
Decentralized AI startups are raising significant amounts of cash, creating some interesting new tools, products and networks, and they’re even making AI systems more intelligent. What’s more, all of this is being done for the greater good, to try and weaken the grip of the biggest technology companies on one
