Stablecoins, which have a present market valuation of less than $200 billion, are a negligible part of the world’s monetary transactions, accounting for less than one percent of the US currency supply and FX operations. Nevertheless, according to a report that was co-authored by Standard Chartered and Zodia Markets, there
US authorities have sued investment firm Touzi Capital, claiming the company misled investors over the fund’s profitability and liquidity of its cryptocurrency asset mining fund. The US Securities and Exchange Commission (SEC) released a statement on November 29 alleging that Touzi Capital raised about $95 million from more than 1,200
Operation Chokepoint 2.0 is a government-run debanking campaign targeting the cryptocurrency sector, as per David Schwartz, chief technical officer of Ripple, is among the industry executives who have spoken out against it. According to Schwartz, the government is “addicted to indirect regulation.” And de-banking causes the rule of law to
South Korea’s Democratic Party has agreed to postpone the implementation of the country’s cryptocurrency gains tax for another two years, reversing its previous position on the matter. Korea Democratic Party (KDP) floor leader Park Chan-dae revealed on December 1st that the KDP has agreed to a two-year suspension on the
On the last day of the month, the crypto market showed mild activity as leading currencies crawled towards higher levels. However, they have remained bullish, as indicated by the 0.92% increase in the overall market cap. Meanwhile, Justin Sun’s eating the banana he purchased for $6.2 million caused a frenzy.
Rich Dad Poor Dad author Robert Kiyosaki made another post on X reconfirming his belief in Bitcoin. He says FOMO is good as Bitcoin is on the verge to reach $100K. Kiyosaki has multiple times endorsed Bitcoin investments and calls “Cash is Trash,” as he stated in his book. THE
An increase in trading activity and market speculation has been indicated by the substantial jump in bitcoin futures open interest after Donald Trump’s U.S. presidential election win on Nov. 5. Experts insist that leveraged trades are safe from an impending market correction, despite the spike. Coinglass data shows that the
In the next two to three years, according to Charles Hoskinson, founder of Cardano, decentralized finance (DeFi) inside the Bitcoin ecosystem will surpass all other cryptocurrencies. In addition to making an audacious price forecast, he showcased a novel model for bridging Bitcoin that does not rely on centralized exchanges and
The gaming sector is no longer limited to software functions but is expanding to the use of decentralized finance products, and the new Bitcoin price impact shops the concept of valuable physical objects in the hands of gamers through in-game assets. These and other gaming industry-transforming trends are among the
While the digital assets sector is still wading through positive waves, another tide has arrived in the form of Russian regulations. After several years of combating unsteady and obscure regulations, the crypto industry is finally seen in a new light. Following the US elections and bullish cycle, the global economy
