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Canada lags with stablecoin approach, but there’s room to catch up


The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind.The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after the FTX debacle that shook...

Kucoin Appoints Former Chief Legal Officer BC Wong as New CEO


The company’s top lawyer was picked to take the reins as the exchange focuses on “global growth and innovation while maintaining regulatory compliance.” Kucoin’s Top Lawyer Promoted to CEO Seychelles-based cryptocurrency exchange Kucoin appointed its former Chief Legal Officer BC Wong as...

Ripple’s Stablecoin Approved: RLUSD Launch Could Supercharge XRP Demand


Ripple’s RLUSD stablecoin is launching imminently with NYDFS approval, poised to ignite XRP liquidity and ecosystem growth across major blockchains and partner platforms. Regulatory Green Light: Ripple’s Stablecoin Launch Is Around the Corner Ripple disclosed the forthcoming...

Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply


From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2%...

U.S. Election Betting: CFTC, Kalshi Both Grilled by Judges in Appeals Court


A panel of judges grilled attorneys for the U.S. Commodity Futures Trading Commission and prediction-betting platform Kalshi over the company's efforts to launch political prediction markets in the U.S., without indicating whether they'd allow Kalshi to offer these products while reviewing a lower...

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