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Stablecoins Prove Dominant, Now 16th Largest U.S. Treasury Holders Globally
October 18, 2023
Quick Take A report suggests that stablecoins, with a total valuation of about $120 billion from the top five cryptocurrencies (USDT, USDC, BUSD, DAI, TRON), have emerged as significant holders …
Read moreECB Initiates Preparation Phase for Digital Euro, Release Not Guaranteed
October 18, 2023
The European Central Bank (ECB) has announced the progression of a digital euro project to the preparation phase. However, the bank has also clarified that this development does not guarantee …
Read moreUS Treasury Issues Sanctions on Gaza-Based Bitcoin Exchange Allegedly Tied to Hamas
October 18, 2023
The US Treasury has sanctioned a Bitcoin exchange based in Gaza associated with fundraising activities for Hamas, according to recent reports. The Office of Foreign Assets Control (OFAC) states that …
Read moreSpot Bitcoin ETFs Likely to be Approved by 2023, Predicts Mike Novogratz
October 18, 2023
Expressing his candid optimism for the Bitcoin industry, Galaxy Digital CEO, Mike Novogratz predicts an imminent 2023 approval for spot Bitcoin exchange-traded funds (ETF), in a recentinterview. Novogratz stressed on …
Read moreUK Dominates Crypto Activity in Europe with $252B Transactions
October 18, 2023
Platforms like OpenSea, Sorare, and Uniswap are popular among Britain’s crypto users, contributing to the country's substantial trading volume in the sector. The United Kingdom’s increasing regulation of crypto transactions …
Read moreEthereum Co-founder Vitalik Buterin Clarifies Recent ETH Transactions
October 18, 2023
Ethereum co-founder Vitalik Buterin has recently addressed allegations regarding his massive Ethereum coin 'sales'. He clarified that he hasn't sold his Ethereum for personal gain since 2018. Recent wallet activities …
Read moreKey Developments in the World of Bitcoin: Prices, Thefts, and Future Prospects
October 18, 2023
Bitcoin has been at the center of several key developments recently. The price of the crypto giant is enduring a crucial phase, with analysts noting that it could soon lift …
Read moreBinance's Strong Stance Despite Regulatory Hurdles
October 18, 2023
Despite the growing regulatory hurdles and criticisms it faces, Binance, the world's largest crypto exchange, continues to offer a bullish outlook on the future of the crypto industry. The Chief …
Read moreCoinbase's Lobbying Challenges and Trading Volume Slowdown: Analysts' Insights
October 18, 2023
A recent report by Berenberg Capital Markets suggests that the use of cryptocurrency by Hamas militants could potentially complicate the crypto lobbying efforts of Coinbase in the United States. Lead …
Read moreEU Council Adopts Enhanced Cooperation Directive for Crypto Tax Data Sharing
October 18, 2023
The Council of the European Union (EU) has approved a directive aimed at boosting cooperation among national taxation authorities, specifically for transactions involving crypto assets. The Directive on Administrative Cooperation …
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