California Governor Gavin Newsom has recently given his approval to a new cryptocurrency regulation bill, signaling a significant shift in his stance on digital assets. The legislation, known as the Digital Financial Assets Law, introduces stricter regulations for crypto businesses operating in California. These regulations are set to take effect in July 2025 and aim
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Ethereum and Bitcoin have had an interesting relationship, with Bitcoin often outperforming Ethereum in terms of investment returns. However, recent trends suggest that Ethereum may be on the verge of entering an accumulation phase, where its market value could turn the tides. In this article, we will delve deeper into the factors that could influence
In a move to transform the remittance landscape in the Philippines, stablecoin issuer Circle has teamed up with digital asset provider Coins.ph. This strategic partnership aims to revolutionize international money transfers by promoting the use of USDC-denominated remittances among Coins.ph’s extensive user base of 18 million Filipinos. With remittances amounting to a staggering $36.1 billion
The Moscow Stock Exchange is set to revolutionize the real estate investment landscape by introducing a digital financial asset (DFA) specifically tailored for the industry. This innovative development, scheduled for 2024, aims to democratize real estate investments and enable a wider range of investors to participate. Under the leadership of Sergei Kharinov, the director of
The price of Ethereum’s native token, Ether (ETH), is currently trading at a 15-month low compared to Bitcoin (BTC). This comes as a significant development, as it is the lowest point since Ethereum switched to proof-of-stake (PoS) consensus mechanism. The question now arises: will this downward trend for Ethereum continue throughout the remainder of 2023?
While the NFT market has been met with both hype and skepticism, Anndy Lian, Head of Partnerships for ByBit, offers a positive perspective on its current landscape. In his recent article, Lian dismisses the notion that the NFT market has reached its end, asserting that it is instead a catalyst for a new era of
The world of cryptocurrencies is constantly evolving, and recent on-chain data has brought to light a startling revelation. Conor Grogan, a director at Coinbase, has unveiled that Alameda Research, a prominent crypto investment firm, has minted a staggering 39.55 billion USDT tokens. This figure accounts for a remarkable 47% of the total circulating supply of
On Thursday, October 12th, 2023, ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading, causing a surge in its price. This hot new meme coin experienced a staggering 19% increase on the ByBit $WSM/USDT perps market, reaching $0.0394. While profit-taking had previously brought the price down, it still boasts an attractive market capitalization of
The ongoing trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. Prince’s appearance in a Manhattan federal courtroom shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. his testimony provided valuable insights into BlockFi’s exposure to Alameda
A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, has recently started selling wrapped Bitcoin (WBTC) to repay outstanding debt. This move comes as the trader faces the risk of collateral liquidation due to a decreasing health factor. In this article, we will delve into the details of the trader’s situation and
