Category: crypto

The UK Financial Conduct Authority (FCA) is seeking public input on proposed regulations for the crypto sector to address issues like market abuse and fraud while promoting transparency and fair trading practices. The FCA aims to establish a trusted and sustainable crypto market in the UK, with a draft regulation expected in 2025 and full…

Ripple is launching its US dollar-pegged stablecoin called RLUSD on Dec. 17 on XRP Ledger and Ethereum. Each token will be fully backed by US dollar deposits. It will be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA initially, with plans to expand to Bullish, Bitstamp, and Mercado Bitcoin. Ripple will provide monthly attestations of…

Anchorage Digital has obtained a BitLicense from the NYDFS, allowing it to operate in the heavily regulated crypto market of New York. The license enables the firm to provide institutional clients with secure trading environments, deep liquidity, and competitive fees, aligning with the growing demand for regulated crypto solutions among financial institutions. Anchorage Digital’s focus…

The Aave community is considering withdrawing the lending protocol from Polygon’s PoS chain due to potential risks associated with the rehypothecation of stablecoin reserves. Founder Marc Zeller argues that this move would protect Aave from vulnerabilities and reduce security threats. The community is supporting Aave’s cautious approach to safeguard users’ funds.

CoinShares’ report shows the crypto sector had $3.2 billion in inflows last week, marking 10 consecutive weeks of positive flows. Year-to-date, total flows reached $44.5 billion, with $11 billion coming in since Trump’s election victory. Bitcoin ETPs saw $2 billion in inflows, with Ethereum also experiencing positive momentum. Altcoins like XRP, Polkadot, and Litecoin also…

El Salvador’s Central Reserve Bank has granted Bitget a Bitcoin Service Provider license, allowing the exchange to offer Bitcoin-related services such as converting Bitcoin to fiat currencies and managing Bitcoin custody. Bitget is also pursuing a Digital Assets Service Provider license to expand its offerings in Latin America. President Nayib Bukele announced that El Salvador’s…

Ripple CTO David Schwartz warns investors against panic-buying Ripple USD stablecoin before its official launch, citing possible initial supply shortage leading to price fluctuations. He advises against paying inflated prices for early access, emphasizing that the stablecoin’s price will stabilize around $1. Schwartz discourages fear-driven purchases and emphasizes RLUSD is not a speculative asset. Despite…

Mark Longo, creator of viral pet Peanut the Squirrel, issued a “cease and desist” letter to Binance for unauthorized use of his intellectual property. Longo’s legal team accused Binance of violating copyright laws by promoting the PNUT token with Peanut’s name and image. Longo vows to protect his creative work.

The Financial Accounting Standards Board (FASB) has implemented a Fair Value accounting rule for cryptocurrencies starting Dec. 15, 2024. This update aims to improve accounting practices and transparency by requiring companies to measure their crypto holdings at fair value and disclose key details. The market sees this as a positive step towards mainstream adoption of…

US President-elect Donald Trump is reportedly considering establishing a Strategic Bitcoin Reserve (SBR) through an Executive Order, using the Treasury’s Exchange Stabilization Fund. The concept has gained global traction, with countries like Brazil and Japan also considering similar measures. Some are concerned about the centralization of Bitcoin’s supply in corporate reserves.