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Abstract, a consumer blockchain by Igloo Inc., went live on January 27. The protocol is built to simplify blockchain interactions for mainstream users. It already supports over 100 applications, with 400 more in development. It is designed to everage ZK Stack by ZKsync and Celestia for scalability and security. On Monday, January 27, the crypto…
JPMorgan Analysts say Bitcoin and components of the Russell 2000 index are correlated. This correlation shares insight into linked volatility between the asset classes. Bitcoin headwind remains, but experts see up to $116,000. Analysts at have at the high correlation between Bitcoin and small-cap tech stocks in the Russell 2000 Index. This claim was made…
Court challenges OFAC’s authority to blacklist Tornado Cash, responding to appeal from six users claiming blockchain transactions are traceable. Developer Pertsev’s March 2024 defense fails as court cites insufficient protective measures against protocol misuse. Sanctions reversal signals potential regulatory shift favoring privacy tech, despite initial $455M North Korean laundering concerns. After a careful look at…
Hong Kong is driving its stablecoin regulatory push with lawmakers’ deliberating. Stablecoin issuers will have to secure licenses to operate in the region. Issuers must also adhere to AML, KYC, and CTF rules. The Hong Kong Legislative Council Committee held its first with key government officials regarding stablecoins on Tuesday. The regulators discussed the proposed…
Trump’s return to the presidency has sparked expectations of a more favorable regulatory landscape for digital assets. Earlier today, Bitcoin surpassed $109,000, with analysts crediting Trump’s pro-crypto stance for renewed investor confidence. Trum plans to integrate Bitcoin into national reserves alongside Treasury bonds to define monetary policy. On January 20, 2025, was officially inaugurated as…
Bitcoin is struggling at the $103K price level after failing to break above its all-time high of $109K. BlackRock CEO Larry Fink predicted that Bitcoin could reach $700K if fears of economic instability increases. Sovereign Wealth Funds are considering allocation of 2-5% of their capital for buy Bitcoin, Fink said. As the pro-crypto administration of…
A whale wallet “0xc25” has moved its tokens for the first time in 6 months, selling 500 billion PEPE. The wallet bought 4.914 trillion PEPE tokens back in April 2023 for $3K and has made a 17,026x return. The whale cashed out a massive $35.52 million but still holds around $15.73 million worth of PEPE…
Bitpanda’s MiCA license will allow it to operate across all 27 EU member states. CEO Eric Demuth insists that effective enforcement is extremely important for MiCA to succeed in regulating crypto markets. Crypto exchange Bitpanda is the latest crypto firm to have obtained the European Union’s (EU) highly coveted Markets in Crypto-Assets (MiCA) license. According…
PYUSD, launched by PayPal, is now available on Cardano via a bridge by Wanchain, expanding cross-chain options. The stablecoin brings new lending opportunities to Cardano, enabling platforms to offer yield-earning products. PYUSD’s presence on Cardano boosts liquidity, attracting more participants and enhancing the network’s appeal. Cardano is expanding with the integration of PayPal USD (PYUSD)…
OKX has become the first cryptocurrency exchange to secure a MiCA pre-authorization license in Europe. The pre-authorization was granted under the Markets in Crypto-Assets Regulation (MiCA). Once it obtains the full MiCA license, OKX plans to passport its regulatory approval from Malta to all 30 EEA member states, enabling seamless cross-border operations. . Cryptocurrency exchange…