Tether, the issuer of the world's largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino. … [Read more...] about Tether is ready to invest hundreds of millions of dollars in projects other than cryptocurrency
Binance inflows hit $21.6 billion in January-December 2024
Binance, the world’s largest cryptocurrency exchange, has reported over $21.6 billion in user fund deposits in the first 11 months of 2024, outpacing 10 other major exchanges combined, according to DefiLlama data. … [Read more...] about Binance inflows hit $21.6 billion in January-December 2024
UK’s FCA charts course for comprehensive crypto regulation by 2026
The United Kingdom's Financial Conduct Authority (FCA) has unveiled a strategic roadmap to establish a comprehensive regulatory framework for cryptocurrencies by 2026. This initiative aims to align the UK's financial sector with the evolving digital asset landscape, ensuring market integrity and consumer protection. … [Read more...] about UK’s FCA charts course for comprehensive crypto regulation by 2026
Cramer shifts stance: Bitcoin and Ethereum seen as portfolio essentials
In a surprising pivot, former crypto skeptic and market commentator Jim Cramer has publicly embraced Bitcoin (BTC) and Ethereum (ETH) as essential assets for modern investment portfolios. Cramer, a prominent voice in finance, cited growing concerns over the U.S. national debt and the resilience of these digital currencies as catalysts for his shift in perspective. … [Read more...] about Cramer shifts stance: Bitcoin and Ethereum seen as portfolio essentials
Bitwise files for Solana ETF
Crypto asset manager Bitwise has filed for a Solana (SOL) exchange-traded fund (ETF). … [Read more...] about Bitwise files for Solana ETF
Pennsylvania introduces bill for bitcoin reserve
The new bill, called the Pennsylvania Bitcoin Strategic Reserve Act, introduced in the Pennsylvania House of Representatives on Thursday, is the first of its kind and would allow the state’s treasury to allocate up to 10% of its roughly $7 billion state funds into bitcoin as a way to help combat inflation and diversify its investments beyond traditional assets like bonds and … [Read more...] about Pennsylvania introduces bill for bitcoin reserve
Detroit to accept cryptocurrency payments for taxes and fees
Detroit will become the largest city in the United States to accept cryptocurrency payments through a secure platform managed by PayPal, city officials announced. … [Read more...] about Detroit to accept cryptocurrency payments for taxes and fees
Tether reveals $2.5 billion profit in Q3 2024
Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves. … [Read more...] about Tether reveals $2.5 billion profit in Q3 2024