2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle’s Allaire. Source: https://cointelegraph.com/news/usdc-circle-headquarters-move-new-york-ipo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Hong Kong should try to speed up crypto regulation: First Digital CEO
First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins. Source: https://cointelegraph.com/news/hong-kong-speed-crypto-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
This Week in Coins: Bitcoin Bounces Back as Bankman-Fried Appeals Conviction
Illustration by Mitchell Preffer for Decrypt. Is Bitcoin back? For at least a little while, it feels like it may be. This time last week, it was trading for $53,229. It’s now trading above $60,000, according to CoinGecko. That’s a 12% rise over seven days, and a threshold unseen since last month. The price rise came as traders grew more…
5 US States Settle With GSB Group Over Unregistered Crypto Sales
Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […] Source: https://news.bitcoin.com/5-us-states-settle-with-gsb-group-over-unregistered-crypto-sales/
Network Latency Drives Solana Validator to South Africa’s Commercial Hub
Superfast founder Martin Tromp has launched a Solana validator in one of Teraco’s Johannesburg data centers. Solana is a fast, scalable blockchain platform competing with Ethereum. As a proof-of-stake system, validators like Tromp’s play a crucial role in maintaining network security and verifying transactions. Tromp initially launched the validator in Cape Town but moved to […] Source: https://news.bitcoin.com/network-latency-drives-solana-validator-to-south-africas-commercial-hub/
Rep. Torres 'happy' to help CFTC in regulating election betting contracts
Ritchie Torres stated he is “more than happy” to work with the CFTC to develop a plan for regulating election betting contracts. Source: https://cointelegraph.com/news/representative-ritchie-torres-cftc-election-betting-markets-united-states?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Uniswap Labs CEO Denies Protocol Deployment Extortion Claims
Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote. He added that deployments are prioritized based on the activity and effort involved, but efforts […] Source: https://news.bitcoin.com/uniswap-labs-ceo-denies-protocol-deployment-extortion-claims/
AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month. […] Source: https://news.bitcoin.com/ai-powerhouse-openai-reportedly-seeking-to-raise-6-5-billion-at-a-150-billion-valuation/
Bitcoin reclaims $60K and ‘this time is different,’ says analyst
Bitcoin reclaimed the $60,000 price level for the first time in 14 days, amid a month that is typically perceived as bearish for Bitcoin. Source: https://cointelegraph.com/news/bitcoin-price-level-60k-september-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
CFTC Teams up With SEC to Fight Cryptocurrency Scams
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency […] Source: https://news.bitcoin.com/cftc-teams-up-with-sec-to-fight-cryptocurrency-scams/