Binance Explains BFUSD Isn’t a Stablecoin Amid Terra-Like Concerns
Binance has addressed concerns swirling around its upcoming “BFUSD” token, emphasizing that it is not a stablecoin nor has it been officially launched. The confusion arose after a Nov. 17 post by crypto news aggregator Zoomerfied on X (formerly Twitter). The post claimed Binance was introducing a stablecoin with an annual yield of 19.55%, sparking […]
Goldman Sachs to spin out crypto platform
Goldman Sachs is reportedly planning to separate its cryptocurrency division and form a new company focused on developing financial products and services within blockchain ecosystems. According to a Bloomberg report on November 18, this move will allow the bank to concentrate on building new blockchain-based financial instruments. The firm is currently in discussions with potential […]
New MiCA-Compliant Stablecoins Gain Support from Tether, Kraken, and Fabric Ventures
Dutch fintech firm Quantoz Payments has secured backing from Tether, Kraken, and Fabric Ventures to introduce two new stablecoins: EURQ and USDQ. These tokens are fully compliant with the MiCA compliance for market trust, a regulatory framework established by the European Union to enhance transparency and security in the digital finance ecosystem. Slated for release […]
Analysts Predict Bitcoin Could Surge to $100K This November
A new all-time high of $100,000 for Bitcoin may arrive as soon as November, based on historical patterns and a surge in investor interest following the recent U.S. presidential election. The cryptocurrency recently crossed a major threshold of $90,000 on November 13, following Donald Trump’s victory in the 2024 election, sparking renewed enthusiasm among investors. […]
Bitcoin Surges to Historic Market Cap, Surpassing Saudi Aramco and Approaching Tech Giants
With Bitcoin’s price now stable above $90,000, its market capitalization has surged past that of Saudi Aramco, the largest oil producer globally, bringing it closer to tech giants. On Nov. 14, Bitcoin achieved a record-breaking market cap of $1.81 trillion, placing it as the seventh-largest asset worldwide, as reported by CoinMarketCap and CompaniesMarketCap. Bitcoin climbed […]
Trump Enlists Elon Musk and Vivek Ramaswamy to Launch ‘DOGE’ Plan for Government Downsizing
President-elect Donald Trump has tapped Elon Musk and Vivek Ramaswamy to head a new agency, the Department of Government Efficiency (DOGE), with a mission to cut federal spending and streamline regulations. According to Trump, the agency will aim to “dismantle government bureaucracy, reduce regulatory burden, eliminate wasteful spending, and restructure federal agencies for greater efficiency.” […]
MicroStrategy Shares Surge 20% in the Week After Trump’s Win and Interest Rate Cuts
The stock market is set to wrap up one of its best-performing weeks of the year, following Donald Trump’s victory in the presidential election and another wave of interest rate cuts. This market rally has driven tech stocks, including MicroStrategy (MSRT), to impressive highs. MicroStrategy shares are trading at $271.26 on the Nasdaq as of […]
Bitcoin Surges to Record $75K as Trump Gains Early Edge in Election Race
Bitcoin hit a new record high, surpassing $75,000 on Nov. 6, as it surged past its previous peak of $73,800 from March. This increase came amid growing investor interest in crypto, driven by early election updates in the United States that indicated Donald Trump was leading. As the New York market opened, Bitcoin (BTC) gained […]
Canary Capital Files Application for Spot Solana ETF
Asset manager Canary Capital has submitted an application for a spot Solana ETF in the United States, joining the growing list of firms seeking to bring Solana-based ETFs to market. This filing follows a similar application made by investment firm VanEck four months prior. The news was shared moments ago by Bloomberg’s ETF expert James […]
Coinbase CEO Urges Next SEC Chair to Address ‘Harm’ Caused by Current Policies
Coinbase CEO Brian Armstrong believes that the next SEC chair should apologize to the public for the impact of the agency’s inconsistent crypto regulations. On Oct. 29, Armstrong shared a list of the SEC’s conflicting statements on digital assets, including confusion over whether Bitcoin and other cryptocurrencies are securities and if the agency has the […]