Crypto
EU Considers Euro Stablecoins to Counter Dollar Hegemony
The European Union is looking into the development of euro-denominated stablecoins to compete with US dollar-backed alternatives, as discussed by key officials.
Crypto
Bitcoin Advocate Roger Ver Reaches Possible Settlement with US DOJ Regarding Tax Evasion
Roger Ver, known as 'Bitcoin Jesus', may evade prison time by reaching a tentative tax deal with US authorities.
Crypto
Bank of England May Ease Stablecoin Holdings Caps Following Industry Feedback
The Bank of England is considering loosening its proposed restrictions on corporate stablecoin holdings in response to feedback from the industry, as the UK tries to maintain its competitiveness in the ever-growing stablecoin market.
Finance
BitGo Granted VARA License Amid Regulatory Challenges in Dubai
BitGo has obtained a broker-dealer license from Dubai's Virtual Assets Regulatory Authority, enhancing its services in a tightening regulatory environment.
Crypto News
Crypto News Update: Key Developments Today
Today's highlights in the cryptocurrency sector include BitGo's licensing in Dubai and significant investments in Polymarket.
Crypto
Coinbase Targets National Trust Charter While Clarifying Its Banking Intentions
Coinbase is seeking a National Trust Company Charter in the US, emphasizing its intent to remain distinct from traditional banking.
Crypto
FDIC Considers New Rules That Could Influence Banking with Cryptocurrency
The Federal Deposit Insurance Corporation will review regulations potentially affecting cryptocurrency firms in response to ongoing debanking allegations.
Ecosystem
UK to Lift Ban on Crypto Exchange-Traded Products
The UK is set to reverse its ban on crypto exchange-traded notes, opening the door for retail investors to access these financial products.
Banking
Vietnam's Central Bank Projects Strong Credit Growth as Crypto Gains Traction
Vietnam's central bank anticipates a significant rise in credit growth, reflecting the nation's increasing embrace of cryptocurrencies.
News
FDIC to Assess New Rules Affecting Banks' Engagement with Crypto
A planned FDIC meeting will explore rules potentially impacting crypto companies amid concerns of debanking.
Finance
US SEC Remains Silent on Canary Litecoin ETF During Government Shutdown
The US Securities and Exchange Commission has not made a decision regarding the Canary Litecoin ETF, increasing uncertainty in the crypto community amidst a government shutdown.
Finance
South Africa's Central Bank Warns of Financial Risks from Cryptocurrencies and Stablecoins
The South African Reserve Bank's latest report indicates rising financial risks associated with digital currencies, highlighting the surging user base on local crypto exchanges.
Finance
Michael Selig: Trump Chooses Pro-Crypto Lawyer for CFTC Leadership
The Trump administration's nomination of Michael Selig, a lawyer known for his pro-crypto stance, aims to fill the CFTC chair position.
Crypto News
California Establishes Distinction Between Crypto and Cash: Key Developments
California’s SB 822 offers significant protections for unclaimed cryptocurrency, marking a notable shift in asset management.
Finance
Bank of England's Temporary Stablecoin Limit Plan
The Bank of England's Deputy Governor has reiterated that proposed restrictions on stablecoins will be temporary to maintain system stability, despite industry concerns regarding innovation and growth.
Crypto News
Kazakhstan Intensifies Crackdown on Cryptocurrency Fraud, Closing 130 Platforms
Kazakhstan increases efforts against illicit cryptocurrency activities, shutting down many platforms and confiscating millions in crypto.
News
October Promises Key Changes for Altcoin ETFs with SEC's New Guidelines
The SEC is set to review 16 crypto ETF applications this October, potentially revolutionizing the U.S. market landscape for cryptocurrencies beyond Bitcoin and Ethereum.
Legislation
Senator Ted Cruz Opposes Privacy Bill Targeted at Doxing Prevention
Senator Cruz blocks bipartisan legislation aimed at safeguarding citizens' personal information, citing law enforcement needs.
News
A7A5 Emerges as the Top Non-USD Stablecoin Amid Sanctions
The ruble-pegged A7A5 stablecoin experienced a dramatic surge, claiming a significant market position despite facing heavy sanctions.
Weekly Summary
Highlights from the Crypto and Financial Markets This Week
This week saw fluctuations in cryptocurrency markets, heightened debates around regulatory measures, and major corporate moves in the blockchain space. Key focus areas included Bitcoin's stability, Ether's growing influence, and significant shifts in institutional investor behavior.
