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FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August
2.12.2023
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at...
Crypto Firms’ Compliance With Regulation Should Not Be at the Expense of Innovation — Zak Taher
2.12.2023
Zak Taher, the CEO of Multibank.io, said he believes the United Arab Emirates (UAE) is the most attractive investment destination for overseas digital asset companies due to its effective governance and the leadership of its individuals. The UAE’s status within the global financial landscape...
Bitcoin Price Prediction as Total Crypto Market Cap Reaches $1.5 Trillion – Is $40,000 the Next Target for BTC?
2.12.2023
In the ever-evolving landscape of digital currencies, Bitcoin showcases a bullish stride, currently trading at $38,765 with a commendable increase of nearly 2% on Saturday. As December unfolds, the cryptocurrency market radiates optimism, with Bitcoin edging towards a 19-month peak, reflecting...
We Neither Bank Justin Sun nor Finance Hamas — Circle Chief Strategy Officer
2.12.2023
USDC stablecoin issuer Circle neither “finances Hamas” nor does it bank Tron blockchain founder Justin Sun, the fintech firm’s chief strategy officer has asserted. Although Circle had past business dealings with Sun, this ended in February 2023 when it terminated his accounts...
Novogratz Expects Bitcoin Price to Be ‘Significantly Higher’ After SEC Approves Spot Bitcoin ETFs
2.12.2023
Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to be significantly higher when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “We will see a pretty successful shift of psychology … when the government says ‘you...
Game-Changer: BlackRock ETF Approval’s Impact on Cogwise’s AI Fuelled Crypto Revolution
1.12.2023
The world of cryptocurrency has seen a surge in popularity over the past few years, with many investors turning to digital currencies as a way to diversify their portfolios. However, with the increasing number of cryptocurrencies on the market, it can be difficult to make informed investment...
Talos and Uniswap Forge Landmark Deal to Boost DeFi Access for Institutions – Adoption on the Rise?
1.12.2023
Talos – a digital trading infrastructure provider – has teamed up with Uniswap and Fireblocks to connect institutional traders to the decentralized finance (DeFi) ecosystem. Per a press release from Uniswap on Thursday, Talos’s clients will be able to use the protocol’s trading APIs to access...
Celsius Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote
1.12.2023
Source: Adobe Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations. According to a Reuters report on Nov 30, Celsius may require another creditor vote to change its business operations from a mining and staking enterprise...
Ethereum-Based Fasset Secures Operational License in Dubai for Tokenized Offerings
1.12.2023
Source: fasset.ae Digital asset brokerage Fasset FZE has received a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE. According to the press release, the operational license is the final stage in VARA’s approval process. It authorizes...
Treasury Asks Congress for More Authorities to Go After Illicit Actors in Digital Asset Space
1.12.2023
The U.S. deputy secretary of the Treasury has revealed that the Treasury Department has asked Congress for more tools and authorities “to go after illicit actors in the digital asset space.” Moreover, he stressed: “We need to update our illicit finance authorities to match...
More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms
1.12.2023
Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more...
Court Approves FTX Estate’s Sale of $870M in Grayscale and Bitwise Shares Amid Surging Claim Transfers
30.11.2023
The Delaware District’s U.S. Bankruptcy Court has greenlit the FTX estate’s disposal of trust assets. This sanction, issued on November 29, 2023, paves the way for the beleaguered crypto exchange to offload investments in several funds, including Grayscale and Bitwise stakes....
Bitget Unveils Instant Lira-to-Crypto Conversions, Streamlining Turkish Market
30.11.2023
Source: Adobe / Husamex Bitget – a global crypto exchange and Web3 firm – has launched support for instant Lira to crypto conversions to streamline access to digital assets for Turkish consumers. Using the “easy buy and sell” feature, Turkish customers can now deposit TRY to Bitget directly from...
Grayscale Bitcoin Trust Discount Evaporating and Traders Back New Bitcoin ETF Token With More Than $2m as Sellout Looms and SEC Approval Bets Mount
30.11.2023
Thursday, November 24, 2023 – The Grayscale Bitcoin Trust (GBTC) discount is evaporating and the new Bitcoin ETF Token ($BTCETF) has attracted $2 million from traders in the latest two indications that bets on the imminent approval of a spot Bitcoin ETF are piling up. Meanwhile, the founder...
Canadians Support Cash Payments Over CBDCs: Report
30.11.2023
Source: Jason Hafso / Pexels Canadians are less enthusiastic about a Central Bank Digital Currency (CBDC) opting for traditional payment methods despite wider awareness, a new survey shows. The Digital Canadian Dollar Public Consultation Report published by the Bank of Canada highlighted...
Billionaire Investor Mike Novogratz Expects Bitcoin, Gold, and Silver to Rally as Fed Pivots
30.11.2023
Source: a video screenshot, Bloomberg Television / YouTube Billionaire investor and CEO of Galaxy Digital Mike Novogratz has expressed an optimistic outlook for assets like Bitcoin (BTC), gold, and silver as the Federal Reserve undergoes a shift in its monetary policy. In an interview with...
Binance settlement ‘net positive’ for cryptocurrency industry — Mike Novogratz
30.11.2023
Galaxy Digital CEO Mike Novogratz believes Binance has satisfied regulators and users after its $4.3 billion settlement with United States authorities
Digital Canadian dollar fails to impress despite high awareness
30.11.2023
People who were aware of CBDCs were more reluctant to adopt the technology when compared to those who didn't know about it
Digital Asset Investment Platform Fasset Wins Operational Licence in Dubai
30.11.2023
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors
FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets
30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...