Circle, the parent company behind the stablecoin USDC, had its $3.3 billion reserves stuck in the failed Silicon Valley Bank. This caused USDC, the second-largest stablecoin in the crypto market, to lose its $1 peg. However, after some positive developments regarding the SVB hoax, USDC is all set to regain its $1 peg. The stablecoin … Read more
The debate between the SEC and CFTC on the matter of cryptocurrency regulations is only growing spicier with time. The Chairperson of CFTC recently faced off against his SEC counterpart on the matter of Bitcoin-only remarks. For context, SEC chairperson Gary Gensler recently remarked that Bitcoin is the only cryptocurrency that is not an unregistered … Read more
The Creators of Holdnaut stress the value of long-term corporate strategy An innovative project by block BeanQuest debuts on Binance Smart Chain as it Enters the Web3 gaming space The Creators of Holdnaut Stress the Value of Long-Term Corporate Strategy A crypto interest network based in Singapore, Hodlnaut’s co-creators have been looking for buyers who … Read more
The U.S. Securities and Exchange Commission chair has announced that all virtual crypto assets should be treated as securities except BTC. The Securities and Exchange Commission chairman disclosed to the New York Magazine that initiatives are securities since there’s a community in the middle and the public expects benefits based on that community. This action … Read more
Policies Imposed by VARA Reasons for the Regulations by VARA Fines Involved in Breaking the Rules Imposed The Mechanics of Privacy Coins Revealed The Dubai Virtual Assets Regulatory Authority (VARA) has implemented policies to make Dubai a prominent hub for virtual assets globally. It has outlawed any dealings with privacy coins XMR and ZEC. Policies … Read more
ADA’s leading wallet investors have begun redistributing to selling their holdings. Cardano whales have trimmed their balances since the ETH killer soared past $0.38 on 21 January. Cardano’s price broke out of a multi-month downward trend, and the following bullish target suggests a 10% upswing. The ETH-rival and PoS blockchain platform Cardano has seen a … Read more
Binance cryptocurrency exchange has made another feat again after it secured approval to operate in a prominent city in the United Arab Emirates, Abu Dhabi. The blockchain service provider company will be able to offer its blockchain service provision in the Abu Dhabi Global Market (ADGM) the UAE’s financial center. Abu Dhabi Grants Regulatory Approval … Read more
Following the passing of the proposed MiCA by the EU in October, a top Binance official has assured that the proposed bill favors crypto exchanges in the region. This announcement has continued to generate positive reactions from crypto users and entities. MiCA Regulation, A Safe Space for Web3/Crypto Companies The EU has been in talks … Read more
Leading coins were up early on October 26 as the current valuation of all cryptocurrencies increased by about 5 percent to $976 billion. In contrast, the total volume of the cryptocurrency market rose by nearly 69 percent in the 24 hours to $89.24 billion. Crypto Current Leading Performers The value of one BTC is $20,245, … Read more
The Central Bank of Singapore has presented two consultation pamphlets to crypto service providers. The failure of the Singapore cryptocurrency fund Three Arrows money (3AC) resulted in this proposal. Singapore Authority is implementing measures to better regulate the crypto industry, Cointelegraph reported. Two consultation pamphlets on ideas for controlling the activities of stablecoin holders were … Read more
