The European Union's Markets in Crypto-Assets Regulation (MiCA) is set to take full effect on December 30, 2024, marking a significant milestone in the EU's journey toward comprehensive financial digitalization. This regulatory framework aims to establish clear guidelines for crypto-assets, fostering innovation while ensuring consumer protection and market integrity. … [Read more...] about MiCA ushers in new era for EU financial digitalization
Luxury brands embrace cryptocurrency payments amid Bitcoin surge
As Bitcoin's value surpasses $100,000, luxury brands are increasingly adopting cryptocurrency payments to attract affluent, tech-savvy consumers and diversify their revenue streams. … [Read more...] about Luxury brands embrace cryptocurrency payments amid Bitcoin surge
Tether is ready to invest hundreds of millions of dollars in projects other than cryptocurrency
Tether, the issuer of the world's largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino. … [Read more...] about Tether is ready to invest hundreds of millions of dollars in projects other than cryptocurrency
Binance inflows hit $21.6 billion in January-December 2024
Binance, the world’s largest cryptocurrency exchange, has reported over $21.6 billion in user fund deposits in the first 11 months of 2024, outpacing 10 other major exchanges combined, according to DefiLlama data. … [Read more...] about Binance inflows hit $21.6 billion in January-December 2024
UK’s FCA charts course for comprehensive crypto regulation by 2026
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
Pennsylvania introduces bill for bitcoin reserve
The new bill, called the Pennsylvania Bitcoin Strategic Reserve Act, introduced in the Pennsylvania House of Representatives on Thursday, is the first of its kind and would allow the state’s treasury to allocate up to 10% of its roughly $7 billion state funds into bitcoin as a way to help combat inflation and diversify its investments beyond traditional assets like bonds and … [Read more...] about Pennsylvania introduces bill for bitcoin reserve