Browsing: Stablecoin

Hong Kong updates its digital asset strategy with a focus on stablecoin licensing and tokenization, aiming to become a global crypto and fintech hub.

World Liberty Financial, supported by Donald Trump, is set to release a stablecoin audit and may enable transfers of its WLFI token, signaling major updates for the crypto venture.

SoFi Technologies makes a strategic return to the cryptocurrency market, introducing new services and leveraging blockchain technology to innovate financial services.

Kraken cryptocurrency exchange has obtained a MiCA license in Ireland, marking a significant step in its expansion across the European Economic Area under the EU’s new regulatory framework.

Coinbase Global stock is nearing its all-time high, fueled by Bitcoin’s price surge, regulatory tailwinds, and robust revenue growth, marking a significant moment for the crypto exchange.

A7A5, a Russian ruble-backed stablecoin, has become a focal point in the crypto market due to its rapid growth and controversial ties to the sanctioned Garantex exchange and its successor, Grinex.

Eight major South Korean banks are set to launch a won-pegged stablecoin by 2026, aiming to reduce the dominance of US dollar-pegged stablecoins and bolster the country’s position in the digital finance market.

The Bank for International Settlements (BIS) critiques stablecoins for failing to meet essential monetary criteria, advocating for regulatory constraints to mitigate risks.

The Bank of Korea proposes a phased approach to stablecoin issuance, prioritizing regulatory oversight and consumer protection in the evolving digital currency landscape.

Polymarket is set to reach a $1 billion valuation with a $200 million funding round led by Peter Thiel’s Founders Fund, despite regulatory challenges and a ban in the US.

A bipartisan hearing on crypto market structure legislation saw low attendance, highlighting challenges in achieving regulatory consensus for digital assets.

Turkey is set to enforce stricter regulations on cryptocurrency transactions to combat money laundering and align with global standards.

Senator Adam Schiff’s COIN Act aims to regulate public officials’ involvement in cryptocurrency, addressing ethical concerns and potential conflicts of interest.

The US Senate is set to discuss a bipartisan crypto market structure framework, following the GENIUS Act’s passage, with key industry figures testifying, as the House advances its own CLARITY Act amidst concerns over personal gains from the legislation.

Cathie Wood’s ARK Invest has sold $146M in Circle shares amid a significant stock surge, yet remains a major holder.

Michael Saylor updates his Bitcoin price forecast to $21 million by 2046, citing geopolitical and regulatory shifts as key drivers.

Aptos leads Wyoming’s stablecoin pilot program, scoring highest in blockchain evaluations for the WYST project, as the state advances in digital asset innovation.

Kraken moves its global headquarters to Wyoming, embracing the state’s crypto-friendly regulatory environment and marking a significant shift in the crypto exchange’s operational strategy.

South Korea’s youth are increasingly turning to cryptocurrency as a last resort amid economic hardships, driven more by necessity than belief in the technology.

South Korea’s central bank explores the potential of a won-pegged stablecoin amidst regulatory advancements and forex considerations.