Monica Long, president of financial and cryptocurrency services company Ripple, has given her take on the presence of cryptocurrency industry actors at the World Economic Forum (WEF) event at Davos. Long stated she considers it “critical” for the cryptocurrency industry to be represented at Davos by mature players to show what is being done and separate it from the hype.
Ripple’s Monica…
Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow virtual asset service providers…
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
January 18, 2024
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public…
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering the cost of doing business.
Lowering the Cost of Doing Business
Nigerian crypto startup, Canza Finance…
Circle Report Shows USDC Navigating Challenging Waters in 2023
January 18, 2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading.
A Resilient Year for USDC Amidst Market Shifts
Circle, the…
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835…
Ripple CEO Blasts Gary Gensler as 'Political Liability' — Says New SEC Chair Will Be Good for the American People
January 17, 2024
The CEO of Ripple, Brad Garlinghouse, has slammed the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, as a “political liability.” Emphasizing that Gensler is not acting in the interests of the people or the long-term growth of the economy, the Ripple executive said: “I think at some point there will be a new chair of the SEC, and I think that will be a good thing…
Attempted Bitfinex Exploit for $15 Billion XRP Fails
January 17, 2024
Bitfinex’s security protocols came into the spotlight when a seemingly massive XRP transfer, initially causing alarm among crypto watchers, turned out to be a foiled exploit attempt.
$15 Billion of XRP Transfer Attempt Fizzles Out
A failed exploit attempt on cryptocurrency…
TUSD's Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance's Dominant Hold – Altcoins Bitcoin News
January 17, 2024
Market insights reveal that on Jan. 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark.
TUSD Faces Unsteady…
Cantor Fitzgerald CEO Foresees Bitcoin Rally at Next Halving, Affirms Tether's Reserves are Solid
January 17, 2024
Howard Lutnick, CEO of the renowned financial services company Cantor Fitzgerald, recently shared his insights on bitcoin and tether during an appearance at the World Economic Forum in Davos on Tuesday. Lutnick drew parallels between the fervor around spot gold exchange-traded funds (ETFs) and the anticipated trajectory of bitcoin.
Howard Lutnick Projects Bitcoin Rally Post-Halving, Validates…
