Category Archive: Cryptocurrency, No picture
Circle’s USDC pulls ahead of Tether’s USDT in transaction volume — Visa
Circle Internet Financial’s stablecoin, USDC, has surpassed Tether’s USDT as the market leader in transaction volume this year, according to data compiled by Visa Inc. in partnership with Allium Labs.The adjusted stablecoin metric, which aims to reflect the state of the stablecoin market while minimizing potential distortions from inorganic activity and artificial inflationary practices, shows […]
Russia prepares for total crypto ban as geopolitical tensions rise
Russia will enforce a strict ban on the general circulation of crypto assets such as Bitcoin, allowing only digital financial assets issued within its jurisdiction. This initiative, led by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, is part of a broader governmental effort to control the crypto ecosystem amid rising […]
Bitcoin and Ether drop as US stagflation fears resurface
The US economy experienced a more significant cooling than anticipated in the first quarter of 2024, with the gross domestic product (GDP) measuring an annualized rate of 1.6%, according to the Commerce Department. This marks the weakest pace of growth since the second quarter of 2022 when the economy contracted, and falls below the 2.2% […]
Bitcoin spot ETFs expected to debut on Australian top exchange’s main board this year: Bloomberg
The Australian Securities Exchange (ASX), Australia’s primary securities exchange, is expected to list the first spot Bitcoin exchange-traded funds (ETFs) on its main board by the end of 2024, Bloomberg reported today, citing anonymous sources close to the matter.As a key player in Australia’s capital markets, ASX handles about 80% of equity trading, said Bloomberg. […]
Ethereum spot ETF approval in May unlikely, says Justin Sun
Belief in near-term spot Ethereum ETF approval is fading in the face of mounting skepticism. Justin Sun, the founder of TRON Foundation, has expressed doubts regarding the potential approval of a spot Ethereum exchange-traded fund (ETF) in the upcoming month. “My honest opinion (NFA) is that an Ethereum ETF won’t be approved in May. The […]
FBI warns of risks with non-KYC crypto entities
The Federal Bureau of Investigation (FBI) has issued a warning to US citizens regarding the use of crypto services that fail to adhere to federal regulations. Specifically, the FBI advises against engaging with companies that are not registered as Money Service Businesses (MSBs) and do not follow anti-money laundering protocols, including KYC (Know Your Customer) […]
Franklin Templeton integrates P2P functionality for its on-chain government securities fund
Franklin Templeton, the company that manages over $1.6 trillion in assets, announced this week that shareholders of the Franklin OnChain US Government Money Fund (FOBXX) can now transfer shares directly to one another using the public blockchain.The FOBXX fund, launched in 2021, is a pioneer in utilizing blockchain technology for transaction processing and share ownership […]
DOJ insists Tornado Cash operated as a ‘commercial enterprise’
In a recent 111-page court filing, federal prosecutors have responded to a motion by Tornado Cash co-founder Roman Semenov to dismiss charges of conspiracy and money laundering against him.The government argues that characterizing Semenov’s alleged crime as merely writing code obscures his role in promoting and maintaining the Tornado Cash service, even when he knew […]
Yuga Labs announces restructuring in push towards ‘Otherside’ metaverse development
Yuga Labs, the team behind the Bored Ape Yacht Club (BAYC) NFT collection, has initiated a company restructuring to prioritize its core crypto business, which includes the Otherside metaverse project, said Greg Solano, the company’s co-founder, in a recent post on X. gm, really tough day today. I am hellbent on transforming yuga and getting […]
Forbes lists XRP, ADA, LTC, ETC among top “zombie” tokens
The number of tokens exceeds 14,000, and the crypto market cap stands at $2.4 trillion, but more may not always be merrier. Forbes has identified a group of 20 cryptos, dubbed “zombie blockchains,” that maintain high market valuations despite showing little to no real-world utility or user adoption.The list includes well-known names such as Ripple […]
