Recent statistics unveiled by the Financial Conduct Authority (FCA) indicate a notable increase in cryptocurrency ownership among UK adults, rising from 10% to 12%. This growth signifies a broader acceptance of digital assets in mainstream finance, signaling a shift in public perception and willingness to engage with innovative financial products. Alongside ownership, the awareness of
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Gary Gensler’s upcoming departure as the Chairman of the U.S. Securities and Exchange Commission (SEC) marks a pivotal moment not only for the agency but also for the broader financial regulatory landscape as the nation braces for a new administration. Announced to coincide with President-elect Donald Trump’s inauguration on January 20, 2025, Gensler will conclude
In a significant breakthrough, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) associated with the notorious 2019 hack of the Upbit cryptocurrency exchange. Local news reports, particularly from Yonhap News, have highlighted this milestone as a substantial achievement against the backdrop of pervasive cybercrime. The incident, believed to have been orchestrated by
In a move that aligns with burgeoning libertarian sentiments, President Javier Milei recently emphasized the importance of keeping cryptocurrencies independent from state governance during his address at “Meta Day Argentina.” In a political atmosphere increasingly scrutinizing the role of governments in financial matters, Milei’s assertion against central bank digital currencies (CBDCs) resonates deeply with advocates
In the ever-shifting landscape of cryptocurrency, the past week has exhibited notable developments, particularly concerning XRP. While it initially lagged behind other digital assets, XRP has recently demonstrated a significant upward trajectory. Investors and analysts alike have raised their eyebrows at the increased activity, suggesting that substantial players in the market, commonly referred to as
In a bold move that underscores the growing intersection of technology and governance, President-elect Donald Trump has introduced the Department of Government Efficiency (DOGE), a new initiative aimed at overhauling the U.S. government’s bureaucratic landscape. Notably, Trump has appointed two notable figures in the tech and business sectors—Elon Musk and Vivek Ramaswamy—to spearhead this ambitious
In recent times, the discourse surrounding cryptocurrency regulation in the United States has taken a significant turn, particularly with U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocating for a reformation in the way the agency manages this burgeoning sector. Uyeda’s stance resonates with a broader political shift that could accompany the incoming administration
The impending transition of power under President-Elect Donald Trump signals a substantial shift in the landscape of financial regulation. As ongoing discussions circulate regarding appointees to critical financial regulatory roles, Trump’s transition team is reportedly evaluating a mix of corporate attorneys and seasoned Republican regulators. This strategic selection points towards a definitive pivot away from
The emergence of cryptocurrency-based platforms has reshaped various sectors, notably in gambling and prediction markets. Polymarket, a notable platform in this space, allows users to wager on various outcomes, from political events to market trends, using cryptocurrency. This blockchain-driven model has attracted significant attention and capital, especially during pivotal events like the recent U.S. presidential
In a significant development within the world of cryptocurrency, OSL Group Limited has revealed that its Japanese subsidiary, OSL Investment (Japan) Limited, has entered into a share purchase agreement to acquire a major 81.38% interest in CoinBest K.K., a local cryptocurrency exchange. This strategic move, announced on November 4, emphasizes OSL’s commitment to tapping into