Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Washington, D.C., January 6, 2025 – Today marks the official launch of the Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear and ethical public policy, research, and education surrounding emerging technologies, including decentralized […]
Coinbase shares unredacted FDIC letters urging banks to avoid offering basic Bitcoin services
Coinbase chief legal officer Paul Grewal shared documents revealing that the Federal Deposit Insurance Corporation (FDIC) urged banks to halt or avoid not only crypto-related services but also simple Bitcoin (BTC) offerings. The letters are unredacted versions of documents shared by Grewal on Dec. 6, 2024. They were dubbed “pause letters” because they repeatedly recommend […]
South Korea reconsiders crypto ETFs amid global market shift and demand
South Korea’s Exchange Chairman, Eun-Bo Jeong, has signaled interest in introducing crypto-based exchange-traded funds (ETFs) this year, aligning with global demands for such products. At the Securities and Derivatives Market Opening Ceremony on Jan. 2, Jeong reportedly emphasized the need for innovative financial products to revitalize the country’s capital markets. Jeong highlighted the economic hurdles […]
Bitcoin genesis block anniversary marks 16 years of financial revolution
The crypto world is celebrating 16 years since Bitcoin’s Genesis block was mined on Jan. 3, 2009. This landmark event not only marked the birth of the top digital asset but also laid the groundwork for today’s digital financial revolution. Origin Bitcoin was created partially in response to the 2008 financial collapse—a time when trust […]
New Frax Finance stablecoin backed by BlackRock’s BUIDL fund, enhancing fiat-crypto bridge
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has deepened its position within the digital asset space as Frax Finance approved it as collateral for its soon-to-be-launched frxUSD stablecoin, according to a Jan. 2 statement. FrxUSD frxUSD is Frax Finance‘s newly rebranded stablecoin that offers direct fiat redemption and enhanced regulatory compliance. Sam Kazemian, Founder of […]
Tether and Circle generate $664 million in December revenue commanding stablecoin market
The crypto industry saw significant on-chain revenue in December, with stablecoin issuers taking the lion’s share, according to data from DeFiLlama. These issuers collectively earned over $664 million, representing over 40% of the $1.5 billion total revenue generated by crypto protocols. On-chain revenue (Source: DeFillama) Tether, the USDT stablecoin issuer, emerged as the top contributor, […]
Crypto.com launches zero-commission stock and ETF trading in US expansion
Crypto.com has expanded its offerings in the United States, launching stock and exchange-traded fund (ETF) trading on its platform. According to a Jan. 3 statement, the firm said its users can now directly manage stocks and ETFs alongside their crypto portfolios via their application. The platform offers zero-commission trading, fractional share options, and seamless asset […]
Binance becomes first crypto exchange with broker-dealer license in Brazil
Binance, the largest crypto exchange by trading volume, has secured regulatory approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer, according to a Jan. 2 statement. Binance is the first crypto exchange in Brazil to hold such a license. The licensing would allow the firm to offer enhanced financial services and […]
US Bitcoin reserve idea could spark global race, Metaplanet CEO predicts
Metaplanet CEO Simon Georvich predicts a worldwide rush for Bitcoin accumulation if the United States adopts a Bitcoin Strategic Reserve. In a Jan. 2 post on X, Gerovich stressed the potential chain reaction a US move to embrace Bitcoin could ignite. He suggested that adopting would trigger competitive behavior among countries where early movers benefit […]
BlackRock ETF ends year with 4th outflow of the month amid quiet day
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