The United Kingdom's Financial Conduct Authority (FCA) has unveiled a strategic roadmap to establish a comprehensive regulatory framework for cryptocurrencies by 2026. This initiative aims to align the UK's financial sector with the evolving digital asset landscape, ensuring market integrity and consumer protection. … [Read more...] about UK’s FCA charts course for comprehensive crypto regulation by 2026
Cramer shifts stance: Bitcoin and Ethereum seen as portfolio essentials
In a surprising pivot, former crypto skeptic and market commentator Jim Cramer has publicly embraced Bitcoin (BTC) and Ethereum (ETH) as essential assets for modern investment portfolios. Cramer, a prominent voice in finance, cited growing concerns over the U.S. national debt and the resilience of these digital currencies as catalysts for his shift in perspective. … [Read more...] about Cramer shifts stance: Bitcoin and Ethereum seen as portfolio essentials
Bitwise files for Solana ETF
Crypto asset manager Bitwise has filed for a Solana (SOL) exchange-traded fund (ETF). … [Read more...] about Bitwise files for Solana ETF
Detroit to accept cryptocurrency payments for taxes and fees
Detroit will become the largest city in the United States to accept cryptocurrency payments through a secure platform managed by PayPal, city officials announced. … [Read more...] about Detroit to accept cryptocurrency payments for taxes and fees
Tether reveals $2.5 billion profit in Q3 2024
Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves. … [Read more...] about Tether reveals $2.5 billion profit in Q3 2024
Italy to raise capital gains tax on bitcoin from 26% to 42%
Italy will raise the tax to 42% from 26% as part of plans to raise more revenues in the 2025 budget, according to Deputy Economy Minister Maurizio Leo. … [Read more...] about Italy to raise capital gains tax on bitcoin from 26% to 42%
Nearly half of traditional hedge funds have exposure to digital assets
Nearly half (47%) of traditional hedge funds surveyed this year have exposure to cryptocurrencies, up from 29% in 2023 and 37% in 2022, as increased clarity around regulations and the launch of exchange-traded funds in the U.S. and Asia draw more investors into the asset class, according to a new report by AIMA and PwC. … [Read more...] about Nearly half of traditional hedge funds have exposure to digital assets
Fintech giants enter stablecoin race as demand for digital assets grows
Leading fintech firms Revolut and Robinhood are exploring entry into the burgeoning stablecoin sector, reflecting a growing trend among traditional financial companies to delve into digital currencies. Revolut is reportedly planning to launch its own stablecoin to expand its digital asset offerings and solidify its position as a pioneer in fintech innovation. The company’s move … [Read more...] about Fintech giants enter stablecoin race as demand for digital assets grows