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Cryptocurrency News

BlackRock’s Bold Bet: Positioning Bitcoin Alongside Gold

In BlackRock’s shift in the financial industry, BlackRock CEO Larry Fink has stated that the investment behemoth now views Bitcoin as a legitimate asset class comparable to gold. This vital disclosure, made during an earnings call, demonstrated BlackRock’s increased attention to bitcoin investments and marked a revolutionary turn towards institutional adopBlackRock’sital currencies. As a significant […]

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Binance Introduces Scroll (SCR) on Launchpool: Key Insights Ahead of Listing

The 60th addition to Binance’s Launchpool platform, Scroll (SCR), was unveiled on October 7, 2024. This announcement represents a significant advancement in the cryptocurrency exchange’s continued efforts to assist cutting-edge blockchain initiatives. With the use of Zero-Knowledge Ethereum Virtual Machine (zkEVM) and ZK-Rollup technologies, SCR is a Layer 2 solution that aims to improve Ethereum […]

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ANZ’s Leap into Project Guardian: Pioneering Tokenisation in Australia

Australia and New Zealand Banking Group (ANZ) reached an important milestone by being the first Australian bank to participate in Singapore’s Project Guardian. This partnership is conducted under Singapore’s progressive regulatory environment, managed by the Monetary Authority of Singapore (MAS). With its engagement, ANZ hopes to establish a precedent in the banking industry in both […]

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UAE’s VAT-Free Crypto Policy: Catalysing a Crypto Hub

Significant changes have been made to the Value-Added Tax (VAT) laws in the United Arab Emirates, which now exclude conversions and transactions involving cryptocurrency assets from VAT. With this new regulation as of January 1, 2018, the UAE is now positioned to be a significant player in the global cryptocurrency industry. The UAE’s decision to […]

Cryptocurrency News

Jesse Pollak Shifts to Coinbase Exec Team, Leads Coinbase Wallet

Jesse Pollak, the creator of Base, a layer 2 blockchain, is now Vice President of Engineering at Coinbase, where he plays a crucial role. Pollak will now handle the Coinbase Wallet team in addition to Base. This calculated action aligns with his goal of reaching a billion users and a million developers in the blockchain […]

Cryptocurrency News

Taiwan Opens Doors for Professional Investors to Access Foreign Crypto ETFs

Professional investors now have more investment options thanks to a recent move by Taiwan’s Financial Supervisory Commission (FSC) to allow them to use Taiwanese securities companies to purchase international cryptocurrency exchange-traded funds (ETFs). This ruling, which mainly targets institutional investors, high-net-worth people, and customers with sizeable assets, signifies a dramatic change in Taiwan’s financial regulatory […]

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TrueCoin & TrustToken SEC Settlement: Implications and Overview

The United States Securities and Exchange Commission (SEC), TrueCoin, and TrustToken have reached a settlement on claims of fraudulent and unregistered sales of investment contracts connected to the TrueUSD stablecoin. This is a significant regulatory step. This action demonstrates the SEC’s continued dedication to upholding stringent regulations in the quickly developing cryptocurrency sector, emphasising the […]

Cryptocurrency News

Australia to Licence Crypto Firms Under Corporations Act: Enhanced Regulation Ahead

The Australian Securities and Investments Commission (ASIC) has declared that it would mandate that all cryptocurrency companies in Australia obtain a licence under the Corporations Act, marking a significant change in the regulatory landscape. This broad proposal intends to cover a more excellent range of cryptocurrency-related activities and goes beyond the conventional jurisdiction of bitcoin […]

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Navigating Tensions: Reevaluating the SEC’s Crypto Custody Rule, SAB 121

Over forty Republican legislators rekindled the discussion over SAB 121, the US Securities and Exchange Commission’s (SEC) crypto custody regulation, on a crucial Monday, September 23. Amid a more extensive discussion on cryptocurrency regulation in the US, this group, led by Senator Cynthia Lummis and House Financial Services Committee Chair Patrick McHenry, is contesting a […]

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Coinbase’s Layer 2 Solution, Base, Sets New Record with 4.5 Million Transactions

Processing more than 4.5 million transactions daily is a significant development milestone for Coinbase’s Layer 2 network, Base. This unprecedented accomplishment highlights how widely the platform is being used and how well it can handle many transactions. The launch of cbBTC, a wrapped Bitcoin token which has given Bitcoin holders new ways to interact with […]

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XRP’s Exclusive Circle: Analysing the Significance of Five Million Wallets

The fact that there are only five million XRP wallets in a digital world with over eight billion people sparks a meaningful conversation concerning the special status of XRP holders. The Crypto Philosopher, a well-known voice in the cryptocurrency space, claims that these numbers demonstrate how uncommon owning XRP is and portends a significant competitive […]

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Circle and Sony Launch Bridged USDC on Ethereum Layer 2 ‘Soneium

Stablecoin pioneer Circle has teamed with global technology and entertainment powerhouse Sony to deliver cutting-edge blockchain technologies in a ground-breaking move. The main goal of this strategic partnership is to include Circle’s US Dollar Coin (USDC) into Sony’s recently launched Soneium Ethereum Layer 2 blockchain project. The collaboration is a significant step towards improving the […]

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