Tag: peer to peer
Australia to Mandate Licenses for Crypto Firms
Australia is set to implement regulations requiring cryptocurrency firms to secure financial services licenses, aligning the legal status of many digital assets with that of traditional financial products. This significant move reflects the growing recogn...
MicroStrategy Leads S&P 500 After Embracing Bitcoin
MicroStrategy has distinguished itself as a formidable player in the financial landscape, outperforming every company in the S&P 500 since it adopted a Bitcoin-centric investment strategy. This remarkable trajectory has positioned the firm at the fore...
Trump’s New Crypto Venture Aims to Captivate Investors
Donald Trump’s World Liberty Financial has entered the crypto arena with aspirations to redefine investment paradigms, led by his sons, Donald Jr. and Eric Trump. The launch event at Mar-a-Lago, broadcast via X Spaces and in collaboration with Rug Radio,...
Canada Drops Plans for Digital Loonie After Extensive Research
Canada’s central bank has ended its pursuit of a central bank digital currency (CBDC), known as the “digital loonie,” following nearly five years of investigation into its feasibility. This decision marks a significant pivot in Canada’s financial strategy...
Hong Kong Monetary Authority cuts base rate following Federal Reserve’s move
Hong Kong’s monetary landscape shifted as the Hong Kong Monetary Authority (HKMA) cut its base rate by 50 basis points to 5.25%. This adjustment, which aligns with the U.S. Federal Reserve’s rate cut, underscores the deep linkage between Hong Kong’s monet...
Ethena Labs Website Breach Affects USDe Stablecoin
Ethena Labs, the issuer of the USDe stablecoin, has confirmed a security breach involving its website domain. Although the underlying USDe protocol remains intact, the company has issued a warning advising users to avoid interacting with its front-end int...
Ethereum’s Ratio to Bitcoin Hits Lowest in Three Years
Ethereum’s performance against Bitcoin has reached a low not seen in three years, with ETH trading at a mere 0.015% above its January 1 level, while Bitcoin has surged by approximately 37% this year. This significant disparity reflects Ethereum’s struggle...
Standard Chartered Launches Digital Asset Custody Services in UAE
Standard Chartered has announced the introduction of digital asset custody services in the United Arab Emirates, marking a significant expansion in its financial offerings. This new service is set to cater to institutional clients and high-net-worth indiv...
Intel Markets Poised to Surpass Binance Coin and Solana, Analyst Forecasts
Intel Markets (INTL), a burgeoning ERC-20 cryptocurrency, is on track to potentially outshine leading cryptocurrencies such as Binance Coin (BNB) and Solana (SOL), according to a prominent figure in the crypto sector. This forecast has fueled growing inte...
Understanding ERC-20 Tokens: The Backbone of Ethereum Innovations
ERC-20 tokens are a vital component of the Ethereum blockchain, enabling the creation and management of digital assets within its ecosystem. These tokens adhere to a standardized set of rules that ensure their compatibility and functionality across variou...
Mt. Gox CEO to Unveil New European Crypto Exchange
Mark Karpeles, the former CEO of the infamous Mt. Gox cryptocurrency exchange, is preparing to launch a new digital currency trading platform in Europe, marking a significant comeback after the collapse of his previous venture. The new exchange, reportedl...
The Charms of Arabian-themed Casino Games
It seems that for most casino audiences, whether they make trips to physical establishments to place their bets in, or they just log in to digital or mobile casinos online, there is just a certain fascination for Arabian-themed games hosted in these platf...
FTX Bankruptcy Complicated by SEC’s Repayment Issues
FTX’s ongoing bankruptcy proceedings have encountered significant obstacles due to the U.S. Securities and Exchange Commission (SEC) raising concerns over the repayment plan proposed by the troubled cryptocurrency exchange. The SEC’s objections have intro...
Nigeria Set to Unveil Crypto Licensing Framework
Nigeria is poised to launch its first-ever cryptocurrency licensing framework, aiming to regulate digital assets and services within the country. The Securities and Exchange Commission (SEC) has announced plans to issue licenses for digital service provid...
Kamala Harris Backs Biden’s 2025 Budget Plan with Bold Tax Proposals
Vice President Kamala Harris has endorsed President Joe Biden’s 2025 budget proposal, which introduces significant changes to tax policy, particularly targeting high-net-worth individuals. The proposal outlines a 44.6% tax on long-term capital gains and a...