The financial world is witnessing a seismic shift in attitudes towards Bitcoin (BTC), a change that cannot be understated. Recently, Arthur Hayes, the co-founder of BitMEX, made a noteworthy pivot in his market outlook. Transitioning from a pessimistic mindset towards a more optimistic forecast, Hayes claims that Bitcoin is now poised to reach $110,000 before
Regulation
Australia is on the brink of defining its stance on cryptocurrency with the Treasury’s significant announcement aimed at providing a regulatory framework. While the intent appears noble—focusing on consumer protection and risk mitigation—the execution can have monumental implications—either invigorating innovation or curtailing the very entrepreneurial spirit that has propelled the crypto sector forward. By embedding
Germany’s decision to reject Ethena Labs’ application to issue asset-referenced tokens shines a glaring spotlight on the necessary yet onerous oversight that European regulators are establishing in the crypto arena. The Federal Financial Supervisory Authority, known as BaFin, highlighted “significant deficiencies” within Ethena’s operational practices, rejecting the notion that the burgeoning crypto market should operate
As geopolitical tensions escalate across the globe, the need for Europe to assert its monetary sovereignty has never been more pressing. The European Central Bank (ECB) Chief Economist, Philip Lane, recently made strong statements advocating for a digital euro. This isn’t just about modernizing the payment system; it’s about reclaiming control over Europe’s financial destiny.
In an era where digital currencies are becoming a prominent part of our financial landscape, North Dakota’s recent legislative move to regulate crypto ATMs is a decisive yet contentious step. The approval of House Bill 1447, which imposes a $2,000 daily withdrawal cap per user, aims to curb the escalating fraud linked to these machines.
In an era marked by gradual but undeniable changes in the American financial landscape, the influence of fintech and cryptocurrency firms is hard to ignore. Under President Donald Trump’s administration, these industries are seizing a unique opportunity to seek state and national banking licenses. For far too long, innovation in financial services has been stifled
In a surprising twist, the U.S. Securities and Exchange Commission (SEC) is reconsidering rules that were initially poised to tighten custody regulations on investment advisers dealing with cryptocurrencies. Under the direction of Acting Chair Mark Uyeda, the agency’s reevaluation begs the question: Are we witnessing a genuine attempt to protect investors, or merely a capitulation
Francois Villeroy de Galhau, the influential governor of the Banque de France, raises a particularly alarming flag regarding the U.S. administration’s crystal-clear endorsement of cryptocurrencies. In a recent discourse, he emphasized the perils intertwined with this trend, arguing that the U.S. might be on the precarious edge of a groundbreaking financial crisis, driven not by
In a bold and surprising move, the government of Pakistan has launched the Pakistan Crypto Council (PCC) in a bid to officially embrace blockchain technology and digital assets. Announced by the Finance Division, this initiative represents a drastic departure from a previous hardline stance that categorized cryptocurrencies as a threat, primarily due to concerns over
The introduction of the GENIUS Act marks a pivotal turn in the regulatory landscape for stablecoins, particularly for Tether, the dominant player in the field. While Alex Thorn, head of research at Galaxy, outlines numerous ways in which the act could afford Tether more operational latitude, his analysis hints at a conundrum that merits serious