In a recent outburst on the social media platform X, Paolo Ardoino, CEO of Tether, directed a stern rebuke towards Ripple CEO Brad Garlinghouse for suggesting that the U.S. government is targeting the leading stablecoin issuer, Tether. This response came after Garlinghouse’s comments in a podcast where he hinted at...

The cryptocurrency market has been experiencing a period of stagnation over the past few weeks, with digital assets consolidating and testing investors’ confidence in a potential bull market resurgence. Recent attempts at a rebound have been consistently thwarted. Most notably, last Friday saw Bitcoin (BTC) plunge nearly 5%, dropping from...

As the 2024 U.S. presidential election approaches, the cryptocurrency industry is witnessing increased politicalization. Recently, a Republican candidate openly declared support for the crypto industry, leveraging this stance as a strategic element of his campaign. This development coincides with heightened regulatory scrutiny and mixed market signals. Political Endorsements and Campaign...

At the Solana Crossroads 2024 conference, Anatoly Yakovenko, CEO of Solana Labs, outlined an ambitious vision for the network’s development post the upcoming mainnet beta release of Firedancer. This new client, developed by Jump Crypto, is designed to enhance Solana’s transaction capability and overall efficiency by introducing an alternative to...

Wells Fargo, the third-largest bank in the United States, has publicly disclosed its exposure to Bitcoin spot ETFs, marking a significant step for traditional financial institutions towards embracing Bitcoin. In January, the U.S. Securities and Exchange Commission (SEC) approved regulated index funds, allowing institutions like Wells Fargo to invest in...

April saw a significant decline in trading volumes on major cryptocurrency exchanges, marking the first such drop in seven months, according to a recent Bloomberg report. This decrease coincided with a fall in Bitcoin prices, which had reached an all-time high of $73,700 on March 14, before dipping to a...

Bitcoin’s price has slightly declined, leading to a significant contraction of the digital asset market’s total value, which has shrunk by $500 billion recently. This development raises questions about whether the cryptocurrency rebound has reached its peak. Bitcoin is heading towards its fifth consecutive day of decline, marking its longest...

Binance, the world’s largest cryptocurrency exchange by trading volume, faces increasing regulatory challenges as it has been fined 6 million CAD (approximately $4.4 million USD) by Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC). This penalty arises from allegations that Binance failed to adhere to anti-money laundering protocols, specifically related...

Donald Trump, former President of the United States and candidate for the 2024 election, has reaffirmed his support for the cryptocurrency world. In a critique of current President Joe Biden, Trump said, “He doesn’t even know what cryptocurrency is.” Having previously been a critic of cryptocurrencies, Trump has shifted his...

The European Securities and Markets Authority (ESMA) is seeking feedback from stakeholders on whether to include crypto assets in investment products, a move that could bring cryptocurrencies into a market much larger than that of current spot Bitcoin exchange-traded funds (ETFs). Broadening the UCITS Framework ESMA is asking industry and...