Tether, the world’s largest stablecoin issuer, is set to introduce a new digital asset pegged to the United Arab Emirates dirham (AED), marking a significant expansion of its product offerings in a rapidly growing market. This move is part of Tether's broader strategy to diversify its stablecoin portfolio, which already includes tokens pegged to the U.S. dollar, euro, and … [Read more...] about Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
China escalates crypto crackdown with new anti-money laundering regulations
China has intensified its regulatory scrutiny of cryptocurrency activities by formally classifying crypto transactions as a form of money laundering under updated anti-money laundering (AML) laws. This development marks a significant escalation in the country’s ongoing crackdown on digital assets, further tightening the noose around what Beijing views as a major financial risk. … [Read more...] about China escalates crypto crackdown with new anti-money laundering regulations
MetaMask, Mastercard, and Baanx to launch crypto payment card
MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, is starting the rollout of its debit card developed in partnership with Mastercard and fintech platform Baanx. … [Read more...] about MetaMask, Mastercard, and Baanx to launch crypto payment card
Ferrari extends cryptocurrency payment system to European dealers
Ferrari said it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network, after starting in the United States last year. … [Read more...] about Ferrari extends cryptocurrency payment system to European dealers
Spot ethereum ETFs begin trading in U.S.
Spot ethereum exchanged-traded funds — nine different ether ETFs from eight issuers — began trading Tuesday. … [Read more...] about Spot ethereum ETFs begin trading in U.S.
BlackRock CEO Larry Fink says bitcoin is a legitimate financial asset
BlackRock co-founder and CEO Larry Fink has changed his mind on bitcoin over the years. While acknowledging earlier doubts and criticisms, Fink said he became a believer in cryptocurrencies after dedicating time to studying and learning about bitcoin. He now sees a place for crypto in the average investor’s portfolio. … [Read more...] about BlackRock CEO Larry Fink says bitcoin is a legitimate financial asset
Majority of top U.S. hedge funds now invest in bitcoin ETFs
In a significant shift towards mainstream adoption of digital assets, over half of the top U.S. hedge funds now own bitcoin Exchange-Traded Funds (ETFs), according to the report from River. … [Read more...] about Majority of top U.S. hedge funds now invest in bitcoin ETFs
Solana emerges as a formidable contender to Ethereum, according to Pantera Capital
Pantera Capital has recently highlighted Solana's unique advantages, positioning it as a significant rival to Ethereum. Dubbed the "Mac OS of blockchains," Solana's monolithic architecture offers a seamless user experience, high security, and rapid innovation, distinguishing it from Ethereum's modular design. This architectural approach makes Solana particularly appealing to … [Read more...] about Solana emerges as a formidable contender to Ethereum, according to Pantera Capital