Dedollarization Advances: Russia and Myanmar Discuss National Currency Payment System
Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly opting for national currencies in trade agreements, reducing reliance on the U.S. dollar and […]
Osprey Funds to seek SEC approval to convert Bitcoin trust into ETF
In a separate statement, Osprey said that the deal for Bitwise to acquire the Osprey Bitcoin Trust had been scuttled after failing to get the necessary regulatory approvals.
Crypto advocate Tom Emmer named vice chair of crypto and AI subcommittee
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.
Impeached South Korean president Yoon arrested weeks after martial law attempt
The impeached South Korean president was taken into custody for questioning by South Korea’s Corruption Investigation Office on Jan. 15.
Indonesia could be charting new frontiers as a global adoption leader
Indonesia emerges as a global Web3 leader with high crypto adoption, a young tech-savvy population and supportive regulations.
SEC Delays Decision on Bitwise 10 Crypto Index ETF Until March
The U.S. Securities and Exchange Commission (SEC) has deferred its decision on the Bitwise 10 Crypto Index exchange-traded fund (ETF), citing the need for additional time to thoroughly review the proposal. SEC Needs More Time to Decide on Bitwise 10 Crypto Index ETF The SEC disclosed its decision to extend the review period for a […]
Inflated TVL Figures Could Pop a $30B Bitcoin Defi Ecosystem
Two startups are joining forces to introduce a solution to verify total value locked (TVL) claims by Bitcoin decentralized finance (Bitcoin defi) projects. Why Bitcoin Defi Needs Proof-of-TVL At more than $30 billion in total value locked (TVL), Bitcoin decentralized finance (Bitcoin defi) is quickly becoming a profitable trend, but exaggerated TVL numbers from questionable […]
Singapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms
Singapore’s gambling regulator blocked access to Polymarket, a predictions market, considering it online gambling under their law. Offenders Face Stiff Fines or Jail Time Singapore’s Gambling Regulatory Authority (GRA) has reportedly blocked access to Polymarket, a predictions market, as part of a broader crackdown on unlicensed gambling service providers. Under Singaporean law, predictions markets like […]
CFTC mulling probe of Crypto.com over Super Bowl contracts: Report
The CFTC is considering probes on sports betting event contracts offered by Crypto.com weeks out from the popular Super Bowl match, Bloomberg reports.
Circle Reports $18 Trillion in Lifetime USDC Transactions
The adoption and use of USDC, a widely used stablecoin issued by Circle, saw substantial growth in 2024, as highlighted in the company’s latest report. USDC Economy Sees Rapid Growth Amid Regulatory Advances In its report, Circle attributed this momentum to advancements in blockchain infrastructure, expanded regulatory clarity, and increasing global demand for efficient payment […]