Bybit has officially launched Bybit Pay in Brazil, integrating with Pix, the country’s popular instant payment system. This new solution enables users to make payments using both cryptocurrencies and Brazilian reais. With over 60 million users worldwide, Bybit aims to streamline crypto payments in everyday transactions, offering a flexible and
Scott Bessent, a billionaire hedge fund manager and vocal crypto supporter, has officially become the 79th US Treasury Secretary. The Senate confirmed his nomination with a 68-29 vote, following President Donald Trump’s recommendation. Bessent succeeds Janet Yellen and takes office at a crucial time for US fiscal and crypto policy.
Trump Inauguration Speech: No mention of crypto! Trump first day in office: No mention of crypto!! But his actions speak for crypto!!! The Crypto President appointed Mark Uyeda as the acting SEC Chair and Uyeda is a crypto-friendly person. The crypto world is excited with Trump’s pro-crypto policies and his
Decentralized Finance, often referred to as DeFi transitioned from a niche to a mainstream industry over the years. It is projected to be a disruptor for the global banking system in 2025, valued at over 30 trillion dollars. Traditional financial services are now facing competition as DeFi protocols offer open,
Binance Futures has announced the launch of two new perpetual contracts: VINEUSDT and PIPPINUSDT. The contracts will be available from January 24, 2025, with VINEUSDT launching at 10:00 (UTC) and PIPPINUSDT launching at 10:15 (UTC). Both contracts will allow traders to leverage up to 25x, offering increased flexibility for experienced
The U.S. Securities and Exchange Commission (SEC) has announced the formation of a dedicated crypto task force. The initiative aims to create a clear regulatory framework for digital assets, signaling a major shift in the agency’s approach under the new Trump administration. Acting Chairman Mark Uyeda revealed the plan on
Former U.S. President Donald Trump has granted a full pardon to Ross Ulbricht, founder of the Silk Road dark web marketplace. The decision ends Ulbricht’s two life sentences plus 40 years, a punishment many consider excessive. Trump announced the pardon on Truth Social, emphasizing his ties to the Libertarian movement.
On January 20, President Donald Trump returned to office and signed several executive orders. However, none of these orders addressed digital currency or its regulations, which made some in the crypto community uneasy. Crypto Community Stays Calm Despite Bitcoin Price Drop Since Trump had supported digital assets during his campaign,
The cryptocurrency market experienced heightened volatility as Donald Trump was inaugurated as the 47th U.S. President. His speech, which omitted any mention of bitcoin or crypto policies, triggered widespread sell-offs. According to Coinglass, total liquidations surged to $1.28 billion, affecting over 386,000 traders. Long positions bore the brunt of the
Newly sworn-in President Donald Trump has appointed Mark Uyeda as the acting Chair of the U.S. Securities and Exchange Commission (SEC), according to a White House announcement on Monday. Uyeda, a Republican SEC Commissioner since June 2022, takes over from Gary Gensler, whose tenure was marked by strict regulations and
