Crypto News

Gemini's Expansion to Miami The Winklevoss twins, known for their role in the founding of Facebook, have been heavily involved in the cryptocurrency space since 2012. They launched Gemini in 2015 as a digital asset exchange and custodian, allowing users to buy, sell, and store various cryptocurrencies such as Bitcoin and Ethereum. With the recent surge in popularity and adoption of cryptocurrencies, Gemini has seen significant growth and is now expanding its operations to Miami. Miami's Growing Crypto Scene Miami has become a hub for cryptocurrency companies and events. The city hosted the annual Bitcoin 2021 conference, which was attended by thousands of crypto enthusiasts and featured high-profile speakers such as Twitter CEO Jack Dorsey and MicroStrategy CEO Michael Saylor. With its warm climate and business-friendly policies, Miami has become an attractive location for crypto companies looking to establish a presence in the United ...

Expansion into Miami: Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, is making moves to expand its presence into Miami. With the recent surge in interest and adoption of cryptocurrencies, Miami has become a hub for crypto companies and investors. By opening an office in the Wynwood Art District, Gemini is positioning itself at the center of this growing community. SEC Enforcement Case: In recent years, the SEC has been cracking down on companies in the crypto space for violating securities laws. Gemini was one of the companies involved in a high-profile case with the SEC, accused of illegally raising funds through an initial coin offering (ICO). However, it seems that this case may have finally come to an end, paving the way for Gemini's expansion into Miami. Gemini's Growing Presence: With offices already in Europe and New York, Gemini's expansion into Miami is a strategic move to continue their...

As the sun sets on yet another action-packed day in the world of cryptocurrency, there’s no shortage of developments to digest. Starting north of the border, Kraken has solidified its position in the Canadian market as a restricted dealer, just as challenges force some competitors like Gemini to retreat. By securing this registration, Kraken not only reaffirms its commitment to Canadian investors but also introduces conveniences like free Interac e-Transfer deposits, widening its appeal in a transforming regulatory landscape. In the arena of regulatory scrutiny, U.S. lawmakers, including Senator Elizabeth Warren, are urging the SEC to dive deeper into the dealings of World Liberty Financial. Linked to President Trump's family, this crypto firm is under the spotlight for potential conflicts of interest that could jeopardize market fairness and investor protection. Meanwhile, on Capitol Hill, the STABLE Act has advanced quietly but significantly, seeking to bring order to the worl...

What is the STABLE Act? The STABLE Act, or the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, is a proposed bill in the United States that aims to regulate stablecoins, or digital assets that are pegged to a stable asset like the US dollar. This bill was introduced by Representatives Rashida Tlaib, Jesus "Chuy" Garcia, and Stephen Lynch in December 2020. Why is it controversial? The STABLE Act has faced criticism from the crypto community and industry experts for its potential negative impact on innovation and development in the crypto space. Many argue that this bill would stifle competition and hinder the growth of stablecoin projects, ultimately harming consumers and the overall economy. Trump-linked stablecoin ventures under scrutiny As the STABLE Act gains traction, there has been increasing scrutiny of stablecoin ventures with ties to former President Donald Trump. This includes the controversial stablecoin p...

Partnership with Crypto Foundation The startup, called Symbiosis Network, has joined forces with the Crypto Foundation, a non-profit organization focused on promoting the use of blockchain technology and cryptocurrency. The two have submitted a proposal to acquire TikTok in its entirety, including its vast user base and valuable algorithm. This partnership between a social media and adult content mogul and a crypto foundation has raised eyebrows in both industries. Stokely, who has built a successful platform with OnlyFans, sees an opportunity to expand his reach and diversify his business portfolio. Meanwhile, the Crypto Foundation sees TikTok as a potential platform to showcase the benefits and potential of blockchain technology and cryptocurrency to a massive audience. Opportunities for Growth and Innovation Both parties believe that the acquisition of TikTok would bring about significant opportunities for growth and innovation. W...

As the sun sets, let's wrap up the day's whirlwind of crypto headlines with a Crypto Talkies curated just for you. It’s been a day of strategic moves, market jitters, and notable achievements in the crypto world. Kristin Smith is making a notable transition as she prepares to leave the Blockchain Association to helm the newly unveiled Solana Policy Institute, marking another strategic pivot within the blockchain advocacy landscape. This move echoes throughout the industry, even as North Korean tech workers continue their infiltration efforts in European blockchain firms, particularly targeting Solana projects. Meanwhile, VanEck takes a bold step by filing for the first U.S. BNB ETF in Delaware. This move not only indicates increasing mainstream interest in Binance Coin (BNB) but also suggests a broader acceptance of crypto investment products. BNB's trading volumes surged as investors responded with enthusiasm, hoping for a price uptick. In the realm of market dynamics, X...

CBDC Adoption in South Korea The adoption of CBDCs has been a hot topic in the crypto world, and South Korea is one of the countries at the forefront of this trend. The country has been actively exploring the use of CBDCs, with the central bank, the Bank of Korea, conducting various pilot projects and research studies to test the feasibility and effectiveness of a CBDC. 7-Eleven as a Major Retailer 7-Eleven is a household name in South Korea, with over 9,000 stores across the country. Its involvement in the CBDC project is significant as it could potentially pave the way for other major retailers to start accepting CBDC payments. This could lead to wider adoption and use of CBDCs in everyday transactions, further driving the growth and development of the crypto market. Discounts and Incentives The 10% discount offered by 7-Eleven for CBDC payments is a great incentive for customers to try out this new form of digital currency. It also showc...

The Impact of Low Liquidity on Crypto Markets The cryptocurrency market has always been known for its volatile nature, with prices constantly fluctuating and unpredictable shifts in market sentiment. However, one factor that often goes overlooked is the impact of low liquidity on crypto markets. With the rise of decentralized exchanges and the increasing popularity of altcoins, low liquidity has become a common issue in the crypto space. Understanding Liquidity in Crypto Markets Liquidity refers to the ease with which an asset can be bought or sold without significantly affecting its price. In traditional markets, high liquidity is seen as a sign of a healthy and stable market. However, in the crypto space, low liquidity can have a drastic impact on prices and create market imbalances. In simple terms, low liquidity means that there are not enough buyers and sellers in the market, leading to low trading volume and large price swings. This ...

As the sun sets on another bustling day in the crypto world, there's plenty to unpack from the cascade of headlines that have graced our screens. Let's dive right into the highlights of this evening's sundown digest. Crypto investment products are showing signs of a cautious revival with last week's $226 million in inflows. Bitcoin (BTC) remains the frontrunner, attracting $195 million, while its altcoin counterparts, Ethereum and Solana, pulled in a collective $33 million. Despite a decline in total assets under management, this surge in inflows hints at a flicker of optimism among investors. Metaplanet, a Japanese firm, is making waves with its unique debt strategy. The company has raised 2 billion yen ($13.3 million) through zero-interest bonds to boost its Bitcoin holdings to a robust 4,046 BTC. This bold move underscores Metaplanet's confidence in Bitcoin's potential, even as market conditions waver. In a dramatic twist, a hacker who exploited $9.6 milli...

Regulating Digital Assets in Vanuatu Vanuatu, a small island nation in the Pacific, has recently taken steps towards regulating digital assets. This move is aimed towards providing a safe and secure environment for cryptocurrency companies to operate within the country. The Vanuatu Financial Services Commission (VFSC) has been given the authority to issue licenses to crypto service providers, making the country one of the first in the region to have a licensing regime for crypto companies. Stringent Laws for Crypto Companies The newly passed legislation, known as the Virtual Asset Service Providers Act, has been described as “very stringent” by a government regulatory consultant. This means that crypto companies wanting to operate in Vanuatu will have to adhere to strict regulations and comply with international standards such as the Financial Action Task Force's Anti-Money Laundering, Counter-Terrorism Financing and Travel Rule standar...

Rep. French Hill Speaks Out Against Trump's Crypto Deals The cryptocurrency market has been abuzz with news of President Trump's recent involvement in the industry. Trump has shown interest in blockchain technology and has even been rumored to be considering launching his own cryptocurrency. However, not everyone is on board with the president's crypto dealings. Crypto Bills on the Horizon As the crypto market continues to gain mainstream attention, Congress has been working on multiple bills related to cryptocurrencies. These bills aim to provide regulation and oversight for the growing industry. Rep. Hill Breaks Party Silence on Trump's Crypto Involvement While many Republicans have remained silent on Trump's crypto dealings, Rep. French Hill has spoken out against the president's actions. Hill, a member of the House Financial Services Committee, expressed concerns about the potential risks and dangers of unregu...

As the sun sets on another eventful day in the world of cryptocurrencies, we bring you a digest of the latest happenings that are sure to capture the attention of both seasoned investors and curious onlookers. First up, the Shiba Inu (SHIB) token has been experiencing a rollercoaster of fluctuations. Despite initial signs of a breakout, significant volatility has resulted in price drops that wiped out prior gains. The token has now retreated to critical support levels, with ongoing bearish trends indicating potential further losses. The sentiment surrounding SHIB remains negative as selling pressure grips the market. Meanwhile, over in Japan, regulatory discussions are on the horizon as the country's Financial Services Agency considers reclassifying cryptocurrencies as financial products. This move, aimed at addressing scams through the introduction of insider trading regulations, has stirred excitement among crypto enthusiasts. However, legislative hurdles loom large on the pat...

Crypto Clarity: A Game-Changer for U.S. Markets As the cryptocurrency market continues to gain widespread attention and adoption, it has also faced its fair share of challenges and uncertainties. One of the biggest hurdles for the industry has been the lack of clear regulations and guidelines from the U.S. Securities and Exchange Commission (SEC). However, with the recent appointment of Gary Gensler as the new SEC chair, there is hope for a much-needed shift towards crypto clarity. The End of Debanking: A Win for Crypto Another major issue that has plagued the crypto industry is the practice of debanking, where banks and financial institutions refuse to provide services to crypto-related businesses and individuals. This has hindered the growth and development of the industry, making it difficult for businesses and individuals to access traditional banking services. With the new SEC chair's commitment to foster innovation, there is a chanc...

Coinbase's Legal Chief Praises SEC Chair's Crypto Clarity Pledge As the crypto industry continues to gain mainstream attention, regulatory clarity has become a top priority for market participants. This is why the recent comments made by the incoming chair of the U.S. Securities and Exchange Commission (SEC) have been met with great enthusiasm from the community. SEC Chair Promises to Prioritize Crypto Clarity Gary Gensler, who has been nominated by President Joe Biden to lead the SEC, recently stated that he would prioritize providing clarity on the regulation of digital assets. This news has been welcomed by many, including Coinbase's legal chief, who believes that this will lead to a more transparent and open market for cryptocurrencies. End of Debanking Practices Another issue that has plagued the crypto industry is the practice of debanking, where financial institutions refuse to provide services to businesses or individu...

As the sun sets and we wrap up yet another eventful day in the world of cryptocurrency, let's take a moment to digest some of the key developments that have unfolded. A notable headline today featured the unfortunate closure of Harpie, a Coinbase-backed Web3 security firm. Despite raising $4.5 million and its ambitious vision of a theft-free crypto ecosystem, the firm has shuttered due to an unsustainable business model. This news is a reminder of the challenges Web3 companies face despite strong backing. In brighter news for Coinbase, they saw a legal victory as both South Carolina and Vermont dismissed staking lawsuits against them. This marks a positive trend for the crypto exchange, with Chief Legal Officer Paul Grewal noting the potential for other states to follow suit. Meanwhile, in fintech recovery efforts, Terraform Labs has announced plans to launch a claims portal by March 2025. This portal aims to aid creditors affected by the TerraUSD collapse, possibly settin...

As the sun sets and we wrap up yet another eventful day in the world of cryptocurrency, let's take a moment to digest some of the key developments that have unfolded. A notable headline today featured the unfortunate closure of Harpie, a Coinbase-backed Web3 security firm. Despite raising $4.5 million and its ambitious vision of a theft-free crypto ecosystem, the firm has shuttered due to an unsustainable business model. This news is a reminder of the challenges Web3 companies face despite strong backing. In brighter news for Coinbase, they saw a legal victory as both South Carolina and Vermont dismissed staking lawsuits against them. This marks a positive trend for the crypto exchange, with Chief Legal Officer Paul Grewal noting the potential for other states to follow suit. Meanwhile, in fintech recovery efforts, Terraform Labs has announced plans to launch a claims portal by March 2025. This portal aims to aid creditors affected by the TerraUSD collapse, possibly settin...

The Crypto Market is Booming The crypto market has been on a rapid rise in recent years, with the total market capitalization reaching over $2 trillion. This growth has been driven by the increasing adoption of cryptocurrencies by mainstream institutions and investors. As a result, many new crypto assets have emerged, each with its own unique features and use cases. Some of the top crypto tickers to watch include BTC, ETH, and ADA. The Rise of DeFi One of the biggest trends in the crypto world right now is the rise of decentralized finance, or DeFi. This refers to financial services and applications built on blockchain technology, allowing for decentralized and trustless transactions. DeFi has been gaining traction as it offers users more control over their assets and the ability to earn passive income through staking and lending. Some popular DeFi projects to keep an eye on include AAVE, UNI, and COMP. The Role of NFTs Non-fungible tokens, ...

FDIC Guidance for Crypto Activities This announcement from the FDIC has brought a sense of relief to financial institutions looking to enter the crypto space. With the increasing popularity of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), many banks and credit unions have been exploring ways to incorporate these digital assets into their services. This move by the FDIC signals a more welcoming stance towards cryptocurrencies, which is being reflected in the market. #FDIC #CryptoRegulation #Bitcoin #Ethereum #Dogecoin Crypto Trading on the Rise As more and more financial institutions dip their toes into the world of crypto, the trading volume for these digital assets has been steadily increasing. Major crypto tickers such as BTC, ETH, and DOGE have been experiencing record-breaking trading volumes, indicating a growing interest and trust in these currencies. This surge in trading activity also highlights the potent...

As the sun sets and we wrap up yet another eventful day in the world of cryptocurrency, let's take a moment to digest some of the key developments that have unfolded. A notable headline today featured the unfortunate closure of Harpie, a Coinbase-backed Web3 security firm. Despite raising $4.5 million and its ambitious vision of a theft-free crypto ecosystem, the firm has shuttered due to an unsustainable business model. This news is a reminder of the challenges Web3 companies face despite strong backing. In brighter news for Coinbase, they saw a legal victory as both South Carolina and Vermont dismissed staking lawsuits against them. This marks a positive trend for the crypto exchange, with Chief Legal Officer Paul Grewal noting the potential for other states to follow suit. Meanwhile, in fintech recovery efforts, Terraform Labs has announced plans to launch a claims portal by March 2025. This portal aims to aid creditors affected by the TerraUSD collapse, possibly settin...

The Digital Dirham Symbol The symbol, which represents the digital dirham, is a combination of the letters "DD" with two vertical lines running through them, representing the digital nature of the currency. This symbol will be used in all official communication, marketing, and branding of the digital dirham. Tokenization in Action One of the key features of the digital dirham is its ability to enable tokenization. This means that traditional assets, such as real estate or gold, can be converted into digital tokens and traded on the blockchain. This will open up new opportunities for investors and make transactions more efficient and secure. Increased Adoption and Use Cases The launch of the digital dirham is expected to significantly increase the adoption of cryptocurrencies in the UAE. With the support of the government and the central bank, the digital dirham is set to become a widely accepted form of payment for both retail and c...

Crypto Exchange Coinbase Wins Dismissal of Lawsuit in South Carolina South Carolina has joined a growing list of US states to dismiss a lawsuit against crypto exchange Coinbase over its staking services. The state's Attorney General's securities division had accused the exchange of offering unregistered securities, but the lawsuit was officially dismissed on March 27 in a joint stipulation between Coinbase and the division. This dismissal marks another victory for Coinbase in its legal battles, following a similar dismissal in Vermont earlier this year. Coinbase's Response to the Dismissal Coinbase's chief legal officer, Paul Grewal, took to social media to announce the news, stating that "South Carolina just joined Vermont to dismiss its unfounded staking lawsuit against Coinbase." He also added the hashtag #LegalWinning to celebrate the victory. This dismissal further solidifies Coinbase's stance on its staking ...

As the sun sets on yet another bustling day in the world of crypto, we gather around to wrap up the evening with a spotlight on the most significant events that have made waves. All eyes are on Capitol Hill as President Trump edges closer to eliminating a contentious IRS rule that demands DeFi platforms disclose their transactions. This move, recently supported by the U.S. Senate, has sparked anticipation as it could potentially ease the regulatory load on decentralized finance ecosystems with just a stroke of Trump's pen. Meanwhile, Google Cloud's recent entry as a validator on the Injective blockchain (INJ) has been heralded as a move that could revolutionize Web3 development. By committing to this role, Google aims to fortify the blockchain's security and reliability, thereby paving the path for innovative advancements in the tech space. On the trading front, The Blockchain Group's acquisition of 580 BTC underscores the ever-growing institutional embrace of crypto...

Introducing Robinhood Banking The newest addition to the Robinhood app, Robinhood Banking aims to make managing your money even easier. With this feature, users will be able to deposit and withdraw cash directly from their Robinhood account. This means that you no longer have to transfer funds between your bank account and Robinhood, making it more convenient and efficient. What is Robinhood Strategies? Robinhood Strategies is a new offering that allows users to follow investment strategies created by top investors. These strategies are created using algorithms and historical data to help users make informed investment decisions. Some of the popular strategies include "Growth" and "Dividend Aristocrats". Introducing Robinhood Cortex Another exciting addition to the Robinhood app is Robinhood Cortex, a powerful analytics platform that provides users with real-time market insights and data. With this feature, you can tr...

Introducing Robinhood Banking Robinhood Banking will allow users to deposit, withdraw, and manage their money directly within the app. This means you can seamlessly transfer funds from your checking account to your Robinhood account and vice versa. No more logging into different banking apps or waiting for transfers to clear. Plus, with the cash delivery feature, you can have physical cash delivered to your doorstep whenever you need it. This is a game changer for those who prefer to have cash on hand or for emergency situations. #RobinhoodBanking #CashDelivery #GameChanger Exploring Robinhood Strategies Robinhood Strategies is a new feature that allows users to invest in pre-made portfolios created by experts. These portfolios are tailored to different risk levels and investment goals, making it easier for users to diversify their portfolios and potentially see greater returns. With this feature, you can invest like the pros without having to...

As twilight sets in, the crypto world continues to march forward with noteworthy events making headlines today. The U.S. Securities and Exchange Commission (SEC) is taking a proactive stance by hosting a series of expert roundtables to delve into the intricacies of crypto trading, custody, tokenization, and decentralized finance. Led by Commissioner Hester Peirce, this initiative signifies a shift from mere enforcement to genuine engagement with the industry. Meanwhile, Coinbase has thrown its weight behind Celo's successful upgrade to Ethereum Layer 2, utilizing Optimism's OP Stack to boost scalability, security, and Web3 adoption (CELO). The digital landscape isn't without its controversies, as highlighted by the arrest of crypto influencer Ben Armstrong, known as BitBoy, in Florida over alleged legal transgressions involving a Georgia court judge. This incident brings to the fore the potential legal pitfalls for prominent figures within the digital finance sphere. On a...

FDIC eliminates reputational risk as part of bank supervision The Senate Banking Committee recently made an announcement on March 25 stating that the Federal Deposit Insurance Corporation (FDIC) will no longer consider reputational risk as a factor in bank supervision. This move is seen as a major step towards embracing the cryptocurrency industry and its potential for growth and innovation. White House “Crypto Czar” praises FDIC decision David Sacks, also known as the White House “Crypto Czar”, has publicly praised the FDIC's decision to eliminate reputational risk as a component of bank supervision. He believes that this move is a significant correction and will pave the way for further adoption and integration of cryptocurrencies in the traditional banking system. Impact on crypto industry and market trends This decision by the FDIC is being viewed as a positive development for the crypto industry, as it removes a major barrier for trad...

As the sun sets on another tumultuous day in the crypto world, there’s no shortage of stories to keep the crypto enthusiasts buzzing. Let's delve into the day's most intriguing events that are shaping the landscape of digital currencies. Firstly, Binance finds itself under scrutiny as it suspends an employee amid insider trading allegations. The employee in question is suspected of leveraging insider info from a previous role to gain early trading profits related to a token launch. This incident underscores the pressing need for robust internal controls and maintaining transparency in crypto exchanges to sustain trust and integrity within the market. Meanwhile, in the world of stablecoins, Circle has launched its USDC (USDC) stablecoin in Japan, in partnership with SBI Holdings. USDC is now the first dollar-backed stablecoin approved under Japan’s regulatory framework, marking a significant milestone in Circle's global expansion strategy. Over at Robinhood, Massachusetts...

Partnering with Crypto.com The Trump Media & Technology Group (TMTG) has announced a new partnership with Crypto.com, a leading cryptocurrency exchange. This collaboration will see the launch of exchange-traded funds (ETFs) and exchange-traded products (ETPs) through TMTG's Truth.Fi brand. Introducing ETFs and ETPs ETFs and ETPs are investment products that allow individuals to gain exposure to a diverse range of assets, including cryptocurrencies. With this partnership, TMTG and Crypto.com are aiming to make it easier for individuals to invest in the growing crypto market. The Power of Truth.Fi Truth.Fi, the digital media platform launched by TMTG, has been gaining traction among investors and crypto enthusiasts. With this new collaboration, the platform is set to become an even more powerful force in the crypto world. The Future of Crypto Investments With the rise of cryptocurrencies and their increasing mainstream adoption, th...