In the ever-evolving landscape of cryptocurrency, the emergence of stablecoins creates waves, offering a refuge for investors in the tumultuous seas of digital finance. Buoyed by robust reserves and promising stability in a volatile market, these digital tokens have rapidly become a preferred asset. Moreover, leading banking institutions and federal
Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the
On June 22, TrueUSD tweeted that its TUSD stablecoin has “no exposure” to the ailing Prime Trust, which is allegedly encountering regulatory issues. Prime Trust, located in Nevada, allegedly froze all fiat and cryptocurrency deposits and withdrawals. This was after receiving an order from state financial authorities. Many customers are
The largest bank in Japan, Mitsubishi UFJ Financial Group Inc (MUFG), is in negotiations with worldwide stablecoin issuers to create its tokens on its own blockchain network. Moreover, Japan’s stablecoin legislation, which permits licensed banks, trust organizations, and authorized money transfer agents to issue these cryptocurrencies, went into force on
This July, the U.S. House Financial Services Committee, under its Chair, Patrick McHenry, is slated to vote on two pivotal pieces of legislation. These laws could decisively influence the future of digital assets, particularly cryptocurrencies and stablecoins. U.S. House committee to vote on crypto, stablecoin legislation in July https://t.co/WtpcTxX2GY —
In light of mounting regulatory concerns in the West, the global cryptocurrency exchange Binance has announced the opening of a regulated digital asset platform in Kazakhstan. On June 20, 2023, Binance Kazakhstan and members from the financial sector in Kazakhstan held a press conference to announce the launch of the
The insolvent U.S. branch of the cryptocurrency exchange Bittrex will reopen for withdrawals on Thursday. The decision comes after Delaware bankruptcy judge Brendan Shannon’s ruling on Tuesday. The ruling stated: The exchange can “permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from
Despite a global crackdown on crypto assets, demand for tether (USDT) has been robust in Turkey since early May. The Turkish lira has performed significantly worse than the big cryptocurrencies, a recent report from Bloomberg notes. Longtime Turkish President Recep Tayyip Erdogan was reelected. Moreover, the country’s national fiat currency
There was a substantial increase in May of over 1,400 net installations of Bitcoin and cryptocurrency ATMs, despite a worldwide decrease in 2023. The number of crypto ATMs steadily declined over the first four months of 2023. While crypto ATM installations skyrocketed in countries like Australia, Poland, and Spain, bigger
Vivek Ramaswamy is the second US presidential contender in 2024 to announce that he would take Bitcoin contributions. Saying, “Give $1,” Ramaswamy said that he would take Bitcoin contributions. This news broke just two days after Robert F. Kennedy Jr. made history by becoming the first U.S. presidential contender to
