At the recent Binance Blockchain Week held in Dubai, Jeremy Allaire, CEO of Circle, offered an optimistic outlook regarding the evolving regulatory landscape for cryptocurrencies, particularly stablecoins. Allaire emphasized that as countries around the globe begin to establish clearer regulations, interest in stablecoins—a category that includes Circle’s USDC—will likely increase. He believes that while some
On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an astonishing inflow of $872 million, setting a new record for daily investments since its inception in January. This significant jump marks a pivotal moment in the Bitcoin exchange-traded fund (ETF) landscape, showcasing the growing appetite among investors. The previous highest inflow recorded for IBIT was
In a bid to revolutionize the landscape of international finance, the Bank for International Settlements (BIS) has launched Project Mandala, collaborating with various central banks to address the complex regulatory nuances of cross-border transactions. This initiative, which involves central banks from countries like Australia, Korea, Malaysia, and Singapore, aims to streamline compliance in a realm
In a significant move for the financial technology landscape, Visa announced on October 29 that it has partnered with Coinbase to facilitate real-time financial transactions between traditional banking and cryptocurrency platforms through the Visa Direct network. This partnership is a noteworthy stride towards enhancing user convenience and fostering efficient monetary exchanges. Coinbase users in the
In the aftermath of a financial collapse as significant as FTX’s, the process of asset recovery becomes paramount not just for creditors but also for setting a precedent in corporate governance and accountability. FTX, once a leading cryptocurrency exchange, filed for Chapter 11 bankruptcy in November 2022, leaving behind a trail of creditors who hoped
As the decentralized finance (DeFi) landscape continues to evolve, new blockchain platforms standardizing efficiency and interoperability gain prominence. Among these emerging contenders is Berachain, a Layer 1 blockchain that addresses key challenges faced by DeFi applications, particularly liquidity fragmentation. Its novel Proof of Liquidity (PoL) consensus mechanism and compatibility with the Ethereum Virtual Machine (EVM)
The collapse of FTX, once hailed as a beacon of innovation within the cryptocurrency exchange realm, has become synonymous with one of the largest financial debacles in modern history. At the heart of this scandal is Nishad Singh, the former engineering director of the now-defunct exchange. On October 30, 2023, Singh was sentenced to time
As the world increasingly embraces digitization, traditional loyalty programs are being reevaluated to meet the expectations of modern consumers. A significant shift is being heralded by the collaboration between Circle, a prominent stablecoin issuer, and HKT, a leading technology firm in Hong Kong. This partnership aims to harness the power of blockchain technology to innovate
Animoca Brands Japan is poised to make waves in the anime community by launching a special Ghost in the Shell NFT collection on October 31. This initiative not only introduces an innovative digital collectible system but also provides anime enthusiasts a unique opportunity to become integral players in the beloved universe of Ghost in the
In the ever-evolving cryptocurrency market, analysts frequently share their predictions regarding Bitcoin’s price trajectory. Recently, notable crypto analyst Tony Severino made headlines by suggesting that Bitcoin (BTC) is nearing the peak of its current bull run. His analysis indicated that Bitcoin could soar to an impressive $133,000. But how did he arrive at this figure,