Solana (SOL) Flips BNB, Gains 17% in 24 Hrs to Become Fourth Largest Crypto


Solana. Source: Adobe The price of Solana (SOL) gained as much as 17.15% within the last 24 hours in a massive rally to become the fourth largest crypto in terms of market cap. As of writing, SOL is trading at $98.63, boasting a market capitalization of nearly $42 billion. This surge propels Solana...

SEC Chair Gary Gensler Gets Community Noted on X for Warning Against Crypto


SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was quick to add community notes...

Russia’s Digital Ruble ‘Will Affect Banks’ Liquidity’ – Report


Source: Yevgeniy Vershinin/Adobe Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout. Per the media outlet Comnews, Russian financial industry experts expressed mixed feelings about the CBDC at a banking...

Bank of China Completes First Precious Metal Digital Yuan Settlement


The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The transaction, finalized on December 19, allowed the Shanghai Gold Exchange to close a $14 million precious metal trade after receiving the funds overseas, according to local...

Galaxy Digital Seeking to Score Deals From Defunct Cryptocurrency Companies


Galaxy Digital, a digital assets and blockchain financial services company, is seeking to score deals with defunct cryptocurrency companies to acquire their assets. According to reports, the company is eyeing FTX’s venture capital portfolio, which has a sizable stake in artificial...

Circle Obtains Conditional Registration in France, Names Operations Leader


Source: AdobeStock Stablecoin issuer Circle has secured conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority (AMF). We have achieved a significant early milestone in establishing our European regulatory platform by securing a conditional...

Big Rise in New Spanish Crypto Firms Recorded in 2023, Says Central Bank


Source: bin/Adobe Spain’s Central Bank says the number of licensed crypto-related firms in the country grew by 50% in 2023. Per data released by the bank, as well as a report from Criptonoticias, the bank has recently given some 30 firms operating permits. The list of Bank of Spain-approved crypto...

Bitcoin Inscription Frenzy Hits EVM Blockchains


In the wake of Bitcoin’s inscription phenomenon, Ethereum Virtual Machine (EVM)-compatible chains are experiencing a surge in similar practices, leading to unexpected service outages and a little confusion over their use. EVM Chains Face Surge in Token Inscriptions Over the past year...

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