CryptoNews

Morgan Stanley Sounds Alarm on US Dollar's Dominance — Says Crypto Could Significantly Alter Currency Landscape

Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing dollar-dependency is evident, simultaneously fueling interest in digital currencies such as bitcoin…
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CryptoNews

Solana Mobile Announces Saga Successor: Chapter 2

Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release…
CryptoNews

In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana's Advances 

Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm’s U.S. X account now sports a modified logo featuring Benjamin Franklin with laser eyes. This Wednesday, the account prominently recognized both Ethereum and the…
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Grayscale's GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition

Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09 bitcoin, valued at approximately $571 million. Major Outflows Hit Grayscale’s GBTC This recent decline in reserves marks…
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CryptoNews

South Korea Mulls Issuing Crypto Mixing Regulations to Curb Money Laundering

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 (VASPs) to reject transactions from these privacy-enhancing services. South Korea Starts Discussing Cryptocurrency Mixing…
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