According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.
Yearly archives: 2024
Crypto Biz: MicroStrategy’s Bitcoin bet swells
This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.
Helix mixer operator gets 3 years in prison for money laundering
Larry Harmon laundered 350,000 BTC, but he was treated leniently for his help in jailing Roman Sterlingov.
Top Stablecoin Firm Tether (USDT) Rolls Out Private Beta of New Tokenization Platform
The leading stablecoin firm Tether (USDT) has rolled out a private beta for a new tokenization platform. “Hadron by Tether” aims to simplify the tokenization process for stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm. Tether chief executive Paolo Ardoino notes the …
Prosper Enters Into Long-Term Agreement With BITMAIN To Provide Bitcoin Miner Hosting Services
November 15, 2024 – George Town, Cayman Islands Prosper – a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming – today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through …
Hong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves as banks, according to a Nov. 15 notice. The regulator revealed that some overseas crypto firms are portraying themselves as banks to gain the trust of Hong Kong users. Many of these entities operate without …
Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), delivered a detailed address on Nov. 14 at the PLI Annual Institute on Securities Regulation. His remarks highlighted the SEC’s approach to crypto regulation while repeatedly identifying the difference the SEC sees between altcoins and Bitcoin. The language used by Gensler also hinted at …
South Korea investigates Upbit’s KYC violations amid market dominance concerns
The South Korean government has uncovered significant Know-Your-Customer (KYC) violations on Upbit, the country’s largest cryptocurrency exchange. On Nov. 14, local media reports indicated that the Financial Intelligence Unit (FIU) of the Financial Services Commission identified these issues during a routine business license renewal review for Upbit. The regulator has found between 500,000 and 600,000 …
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206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs
According to 13F filings released so far for the past quarter, 206 companies listed in the US with over $100 million in assets invested have confirmed to the SEC ownership of spot Bitcoin ETF shares. Notable inclusions in the most recent wave of 13F filings include JP Morgan Chase, Goldman Sachs, Bank of Canada, HSBC, …
Trump could put billions into US Bitcoin reserve without Congress approval
Bitcoin Magazine CEO David Bailey has suggested that President-elect Donald Trump could elevate Bitcoin to the status of a “strategic reserve asset” without requiring approval from Congress. In a Nov. 15 statement on X, Bailey suggested that the President could use executive authority to initiate a national Bitcoin reserve. According to unnamed experts he cited, …
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Bitcoin miner Greenidge wins legal battle to keep mining in New York
Bitcoin miner Greenidge Generation will continue operating in New York after prevailing in a legal case against the State’s Department of Environmental Conservation (DEC), according to a Nov. 14 statement. Judge Vincent Dinolfo of the New York Supreme Court determined that the DEC’s actions in denying Greenidge’s Title V Air Permit application were legally flawed …
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Meme Coins Take 2024 by Storm: Sector Explodes With $93 Billion Growth
On Friday, the meme coin economy is down by 6.3% since yesterday with several of the top coins posting declines. Despite the drop, since the start of 2024, the meme coin sector has grown by $93.73 billion in value. Shocking Gains: Meme Coins Outpace Crypto Giants in 2024 Frenzy Meme coin assets have been a …
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QCP Sees Bitcoin Momentum Pushing Toward $120K Despite Market Hazards
An analysis from QCP Capital highlights bitcoin’s latest breakout and future trends. QCP: Bitcoin’s Rally Tied to Inflation Data, Trump Policies, and Market Shifts Bitcoin (BTC) achieved a record high of $93.4K during the New York trading session, according to the market update from QCP Capital. QCP analysts noted that the rally occurred following U.S. …
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Holders Less Likely to Sell Low Cap Meme Coins Knowing Binance, Coinbase Listings Could Happen – Could PEPU, STARS List Next?
As Binance welcomes obscure, lower-market-cap meme coins, the opportunity for everyday retail traders to make life-changing money is growing. Peanut the Squirrel and ACT I: The AI Prophecy were listed this week, but traders are now looking for what’s next, and Pepe Unchained and Crypto All-Stars keep coming up in conversation. Binance Listing Spree Injects …
Aave Considers Partnership With Bitcoin-Based Spiderchain
Aave, a leading decentralized finance (defi) protocol, may soon expand its footprint in the Bitcoin ecosystem with a proposal to deploy its Version 3 (V3) on the Spiderchain network. Governance Proposal: Aave V3 Deployment on Spiderchain The governance proposal, authored by ACI, aims to integrate Aave V3 with Spiderchain, an Ethereum Virtual Machine (EVM)-compatible layer …
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