On November 1, Coinbase, one of the largest cryptocurrency exchanges in the United States, is set to discontinue its rewards program for holders of the USD Coin (USDC) within the European Economic Area (EEA). This decision comes in the wake of new regulatory demands stemming from the forthcoming Markets in Crypto Assets (MiCA) regulations established
Crypto
The cryptocurrency arena is experiencing a dynamic shift, marked by an intriguing competition among various altcoins vying for prominence. Currently, Bitcoin (BTC) is stabilizing around the $97,000 threshold, nudging against a total market capitalization that hovers around an impressive $3.56 trillion. Notably, Bitcoin’s value has faced substantial fluctuations over the last week, dipping to nearly
Over the past month, Cardano’s native cryptocurrency, ADA, has experienced a remarkable turnaround, witnessing a staggering 180% increase in price. Following this surge, the token briefly dipped above the $1 mark before stabilizing around this level, raising eyebrows within the crypto community. Factors such as active whale involvement and key on-chain metrics signal a potentially
In the fast-evolving landscape of cryptocurrencies, stablecoins are making significant strides. As of now, the market capitalization of stablecoins has surged to an unprecedented $191.6 billion, reflecting a remarkable growth of 46% in just one year. This acceleration has been underpinned by key players like Tether (USDT) and USD Coin (USDC), which have taken the
In a significant move reflecting the growing acceptance of cryptocurrencies, Vancouver Mayor Ken Sim has laid out a proposal to integrate Bitcoin (BTC) into the city’s financial assets. This initiative, unveiled during a city council meeting on November 26, aims not only to diversify Vancouver’s investment portfolio but also to position the city as a
In recent developments in the world of cryptocurrency investments, Bitwise Asset Management has taken a bold step by submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that builds on their existing 10 Crypto Index Fund. This strategic move is set against the backdrop of a rapidly
In recent years, particularly post-Donald Trump’s tenure, the conversation around Bitcoin has shifted from niche investments to critical components of national strategy. With various sectors recognizing cryptocurrency’s potential, the proposal of leveraging Bitcoin in the U.S. economic framework has gained traction. This shift is underscored by the growing calls from industry stakeholders, such as MARA
The digital asset landscape has been characterized by a turbulent regulatory climate over recent years, primarily dominated by the Securities and Exchange Commission (SEC). This agency has frequently found itself at odds with the burgeoning cryptocurrency community, often perceived as a formidable barrier to innovation in the sector. However, a transformative shift appears to be
In the fast-paced world of cryptocurrency, XRP has captured significant attention recently, experiencing a notable rise in its value. As of late November, XRP reached a remarkable peak of $1.60, marking a three-year high. However, much like the broader cryptocurrency market, it faced a corrective downturn shortly thereafter. Nevertheless, the past few days have showcased
The cryptocurrency landscape has been transforming rapidly, with prominent players like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) undergoing significant valuation corrections that have influenced not just the leading tokens but the entire market ecosystem. During this tumultuous phase, Shiba Inu (SHIB), often heralded as the “Dogecoin killer,” has also witnessed a notable decline from