USDC issuer Circle has discontinued support for the stablecoin on the Tron blockchain, the firm announced today. In a blog post, the firm said that it would no longer mint USDC on Tron, “effective immediately,” and that it will support Circle Mint customers’ transfers of USDC from Tron to other blockchains through to Feburary 2025. Retail users can move USDC…
A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s deliberate law violations. Binance’s Alleged Refusal to Register as a Money Services Business U.S. prosecutors have reportedly urged […] Source: https://news.bitcoin.com/us-judge-urged-to-approve-binances-4-3-billion-plea-deal/
The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of a general election pledge. The Korean government has already postponed establishing cryptocurrency taxation until 2025 when income generated from cryptocurrencies will be taxed at 22%. South Korea to Delay Cryptocurrency […] Source: https://news.bitcoin.com/major-party-in-south-korea-proposes-to-defer-cryptocurrency-taxation/
Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Latam, believes that the exchange can differentiate by focusing on serving beginner investors with tools like its copy-trading feature. Bitget Aims to Gain Traction […] Source: https://news.bitcoin.com/cryptocurrency-exchange-bitget-eyes-latam-expansion/
Coinbase CEO Brian Armstrong says “every institution is now starting to hold crypto,” emphasizing that “the asset class will be a standard part of every diversified portfolio.” Moreover, the executive noted that institutions will eventually be using crypto in other ways, such as “holding it on their balance sheet, paying their vendors, [and] doing payroll.” […] Source: https://news.bitcoin.com/coinbase-ceo-every-institution-is-now-starting-to-hold-crypto/
This week, a prison snapshot featuring Sam Bankman-Fried (SBF), the ex-FTX chief, was released by the independent journalist Tiffany Fong. Capturing the first glimpse of SBF since his detention, the image places the once-prominent cryptocurrency magnate alongside five other detainees within the confines of the Metropolitan Detention Center (MDC) in Brooklyn. First Look: SBF Behind […] Source: https://news.bitcoin.com/behind-mdc-walls-independent-reporter-captures-photo-of-sam-bankman-frieds-new-reality/
The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures next month, answering surging demand in the derivatives market. The Chicago-based trading firm announced on Tuesday that it would launch the crypto futures for the European market due to the popularity of U.S. dollar-denominated counterparts. The futures will launch on March 18, pending regulatory review. CME Group is…
The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures next month, answering surging demand in the derivatives market. The Chicago-based trading firm announced on Tuesday that it would launch the crypto futures for the European market due to the popularity of U.S. dollar-denominated counterparts. The futures will launch on March 18, pending regulatory review. CME Group is…
In an interview with Bloomberg Television on Tuesday, MicroStrategy co-founder and chair Michael Saylor said the recently approved spot Bitcoin ETFs have opened a gateway for institutional capital to flow into the Bitcoin ecosystem, with demand outpacing the current supply. “This is a rising tide; it’s gonna lift all boats. MicroStrategy is got a levered operating strategy for Bitcoin,” Saylor…
Comments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that highlighted the opposing opinions of the crypto community about the usage of bitcoin and stablecoins in emerging markets. Russell Okung Ignites Discussion on Bitcoin vs. […] Source: https://news.bitcoin.com/former-nfl-star-russell-okungs-crypto-adoption-comments-ignite-bitcoin-vs-stablecoins-debate/
