In a significant shift within the US political landscape, the crypto industry has surpassed traditional sectors in campaign spending during the 2024 election cycle, aiming to influence regulatory policies favorably. An analysis of Federal Election Commission (FEC) filings by the blockchain analytics firm Breadcrumbs, in collaboration with FOX Business, reveals that the digital asset sector […]
In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results. Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in […]
After a long history of rejecting the technology, Pakistan is now moving to legalize cryptocurrency and the blockchain. In 2023, Pakistan was one of the many countries with a hardline policy on crypto use and blockchain technology. Aisha Ghaus Pasha, the country’s Minister of State for Finance and Revenue, even publicly stated that “they will […]
As the political landscape shifts in anticipation of the upcoming midterm elections in 2026, major players in the crypto industry are making significant financial commitments to support candidates who advocate for favorable regulatory changes. Notably, venture capital firm Andreessen Horowitz, better known as a16z, has pledged more than $23 million to the political action committee […]
An Australian entrepreneur could become a key contributor to the future of Bitcoin by transforming the coin into a tool that will push for economic inclusivity around the world. Related Reading: 3AC Founder’s Wife Cashes Out With $38.5 Million Singapore Mansion Sale Craig Wright is looking at building a global payment system on the back […]
On Friday, Strive Asset Management, a firm co-founded by investor and presidential advisor Vivek Ramaswamy, announced the launch of a new wealth management division. The initiative aims to provide “true financial freedom” for clients by integrating Bitcoin into investment portfolios as a hedge against long-term economic risks. Strive’s Focus On Crypto Investments The firm’s focus […]
Sheetz has expanded its partnership with Flexa to accept BTC, ETH and stablecoin payments at over 750 locations in the US.
An American cryptocurrency exchange announced that it will streamline its operations and make changes in its organizational structure as it aims to become the world’s largest crypto platform. As part of the changes, the Kraken crypto exchange will downsize its workforce by at least 15%. Related Reading: ADA Is The Star, Cardano Founder Says, As Market […]
Blockchain Association, a crypto-focused lobby group, announced that crypto companies have spent around $426 million fighting lawsuits filed by the US Securities and Exchange Commission (SEC) under its chief, Gary Gensler. Related Reading: Did YouTuber MrBeast Make $23 Million From Crypto Scams? Shocking Allegations Emerge In its October 31st report, in partnership with HarrisX, the […]
No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.
With just four days to go until the US presidential election, crypto enthusiasts are hoping that a victory for their preferred candidate will lead to a higher Bitcoin (BTC) price. Who Will Be More Beneficial For Bitcoin? From a crypto-enthusiast perspective, the 2024 US presidential elections are unlike any other as both candidates recognize the […]
In a recent interview with CNBC, Florida’s Chief Financial Officer, Jimmy Patronis, outlined the state’s increasing commitment to crypto investments. This comes in light of his recent directive urging pension fund managers to explore Bitcoin as a potential strategic reserve asset. ‘Crypto Is Not Going Anywhere’ During the interview, Patronis expressed confidence in the enduring […]
According to filings with the Securities and Exchange Commission (SEC), Reddit, the popular discussion forum and online community, has sold most of its crypto holdings. In its SEC FORM 10-Q filing, the company disclosed the sale of three digital assets, including Bitcoin and Ether. Many observers and analysts were surprised by Reddit’s sale and recent […]
Economic sanctions have a profound effect on international financial architecture, it turns out.
An American cryptocurrency exchange is set to enter the Singaporean market as it strengthens its presence in Asia. Singaporean regulatory authorities have given the go-signal to the Gemini crypto platform to offer its services to its Southeast Asian nation’s clients. Related Reading: Bolivia’s Crypto Journey Gets A Lift As Country’s 4th Largest Bank Launches USDT Custody […]
With just six days remaining until the US presidential election, former President Donald Trump has intensified his support for Bitcoin (BTC) and the broader crypto industry. In a recent statement aimed at taxpayers, Trump proposed significant changes that could reshape the landscape for digital asset transactions in the United States, especially following years of heightened […]
In a recent report, the US Treasury Department detailed significant growth in key areas of the crypto ecosystem, emphasizing how this expansion has influenced demand for short-term Treasury bills (T-Bills), which are viewed as a safe investment backed by the US government’s credit. $120 Billion In Stablecoin Collateral Tied To US Treasuries The Treasury report […]
The National Bank's latest project again shows the advantages of programmable central bank digital currency.
A South American nation is traversing the path toward becoming a champion in cryptocurrency in the region. Related Reading: Memecoins Thrived Under SEC’s ‘Oppressive Regime,’ Crypto Analyst Says Bolivians now have the opportunity to invest in digital currency as one of the country’s leading financial institutions introduced a custody service dedicated to Tether’s stablecoin, USDT. […]
Paxos CEO Charles Cascarilla recently issued a letter to both Republican and Democratic candidates Donald Trump and Kamala Harris, highlighting the critical role the next presidential administration will play in determining America’s position in the crypto and global financial landscape. Paxos CEO Advocates Modern Financial Infrastructure Cascarilla articulated that the global financial system is “outdated […]
Welcome to an interesting new blockchain cooperation unlike anything else expected. Leading distributed exchange aggregator 1inch has teamed with Bruce Lee’s family to start its effort to sell and popularize Bitcoin and crypto acceptance under its “Take crypto SeriousLee” tagline. Related Reading: Gensler Called ‘Worst Public Servant’ In Scathing Remarks By Ripple Co-Founder The collaboration, […]
Hitachi is not a leading light in the Japanese blockchain, but it's catching up with a comprehensive Web3 development package.
Bitpanda GmbH, the Vienna-based crypto trading platform backed by billionaire investor and PayPal co-founder Peter Thiel, is reportedly considering a range of strategic options, including a potential initial public offering (IPO) in Frankfurt. According to a Bloomberg report, the company is currently in discussions with major financial institutions such as Citigroup Inc. and JPMorgan Chase […]
Bitcoin, the world’s top cryptocurrency, is designed to act as a money or payment option outside anyone’s control. Using the crypto, which is decentralized and peer-to-peer, removes the involvement of third parties, like central banks. This Bitcoin promise has redefined the financial landscape, helped the unbanked, and empowered those who want independence. However, the ecosystem has its share of critics, including central banks. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details Central banks’ role shrinks as the Bitcoin ecosystem grows and its use cases expand. This prevailing belief is validated by a growing amount of research from financial institutions and central banks that assess Bitcoin’s disruptive nature. The ever-increasing narrative focuses on Bitcoin’s role in promoting inequality and its potential to disrupt central banks’ policies. The Role Of Bitcoin In Distributing Wealth One subject of central banks’ studies highlights Bitcoin’s role in wealth distribution. To help us understand Bitcoin’s role, we look at two papers published by the European Central Bank. The first paper, published after the FTX fiasco in 2022, is titled “Bitcoin’s Last Stand,” which sees the top crypto as a failed monetary project nearing its end. But in 2024, when Bitcoin hit an all-time high, the same researchers filed another study, painting Bitcoin positively. The paper argued that crypto can impact wealth distribution, but only the early holders get richer. Since Bitcoin or crypto use doesn’t produce a product or service, the increased wealth of early adopters comes from the reduced consumption of all other members of society. Does BTC Disrupt Monetary Policies? Other finance-related researches look at Bitcoin’s impact on monetary policies. For example, the Minneapolis Federal Reserve argues that when people can hold and use Bitcoin, it is difficult for the state to run budget deficits regularly. Traditionally, the government can just offer bonds in case there’s a deficit in revenue collection. But governments may only spend what they usually collect if there’s Bitcoin. The study suggests two options: one, to ban Bitcoin’s adoption, and two, to tax this asset. In addition to the Minneapolis paper, an IMF policy paper in 2023 highlighted Bitcoin’s effect on monetary policy. The paper argues that Bitcoin impacts a state’s policy, and emerging markets are most vulnerable. As a solution, the researchers recommend strengthening their monetary policies first before banning Bitcoin. Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000 Central Banks, Financial Institutions Now Take Bitcoin Seriously Recent studies and research from central banks indicate that Bitcoin is redefining finance. While these papers don’t mirror the ideas and thinking of policymakers at these institutions, they give us insight into how the industry sees Bitcoin. Some recent policies, including the IMF 2022 Argentina bailout recommendations, include a few anti-cryptocurrency provisions. Bitcoin’s continued popularity is now becoming an obstacle for many central banks in their efforts to create monetary policies. One of the main aims of Bitcoin’s supporters is to offer the public an alternative financing landscape free from the direction, if not, clutches of banks. Featured image from Dall-E, chart from TradingView
In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions received by illegal addresses has reduced to an estimated $24.2 billion, this figure will still develop as […]
In a recent interview on the Think Crypto Podcast, US Representative French Hill expressed his vision for a new leadership at the US Securities and Exchange Commission (SEC) in 2025, emphasizing the importance of innovation in the digital asset space. Hill, a long-time advocate for cryptocurrencies, also spoke candidly about the potential for significant regulatory […]
US-based cryptocurrency exchange Kraken, the sixth largest trading volume, is gearing up to launch its blockchain, Ink, in early 2025. This new platform aims to facilitate decentralized applications (dApps), enabling users to trade, borrow, and lend tokens without intermediaries. Kraken’s Ink Blockchain Goals According to a recent report by Bloomberg, Ink will utilize technology similar […]
As the 2024 BRICS Summit commences in Kazan, Russia, discussions surrounding cryptocurrency have taken center stage. Lawmakers from Brazil, Russia, India, China, and South Africa are exploring the potential for Russian miners to leverage Bitcoin in international trade, aiming to circumvent the stringent sanctions imposed by the United States. Lawmakers Propose Bitcoin Sales By Russian […]
The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.
On Monday, Coinbase’s Chief Legal Officer, Paul Grewal, announced that the exchange is ramping up its legal efforts in their ongoing battle with US regulators by filing two new sets of Freedom of Information Act (FOIA) requests. Grewal emphasized the necessity of obtaining clarity on how regulatory agencies are approaching digital assets, stating, “In short, […]