US Federal Reserve to Wind Down Special Oversight of Banks’ Crypto Dealings
The U.S. Federal Reserve announced it will phase out a special oversight initiative launched in 2023 to closely monitor banks’ involvement with cryptocurrencies and distributed ledger technology. In a statement released Friday, the Fed said the “novel activities supervision program,” first introduced in August 2023, will be discontinued. Going forward, banks’ digital asset activities will […]
Crypto poised to become UAE’s second-largest industry within five years
The United Arab Emirates is positioning itself to make cryptocurrency and blockchain technology its second-biggest economic sector after oil over the next five years. This outlook comes from Chase Ergen, board member of DeFi Technologies, a publicly listed firm specializing in digital asset investments. “The UAE has a reputation for strong leadership, effective regulation, and […]
$1M Bitcoin isn’t a win — it’s a warning
Galaxy Digital CEO Mike Novogratz has cautioned that if Bitcoin hits the $1 million mark next year, it wouldn’t necessarily be good news — but rather a signal that the U.S. economy is facing severe problems. Speaking on the Coin Stories podcast with Natalie Brunell, Novogratz said:“People excited about a million-dollar Bitcoin next year need […]