In a recent interview on Fox Business, Howard Lutnick, CEO of Cantor Fitzgerald, made a poignant call for regulatory bodies to categorize Bitcoin (BTC) similarly to commodities like gold and oil. This assertion underscores a growing sentiment among financial leaders that Bitcoin should no longer be viewed with skepticism, but rather acknowledged for its inherent
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A recent report from Coinshares has shed light on the evolving role of Ethereum (ETH) within the cryptocurrency ecosystem, highlighting how its use is primarily anchored by two main components: marketplaces and stablecoins. This analysis, published on September 24, reveals that these two elements form slightly over half of Ethereum’s current applications. As decentralized finance
Decentralized Finance (DeFi) platforms have surged in popularity, fundamentally altering the landscape of financial services. However, with this explosive growth comes increased scrutiny from regulatory bodies, as evidenced by the recent settlement between the US Securities and Exchange Commission (SEC) and Mango Markets, a decentralized autonomous organization (DAO). This case underscores the ongoing challenges that
As cryptocurrencies become increasingly mainstream, the demand for reliable trading platforms is surging. Numerous crypto exchanges have sprung up to cater to this growing market, each offering distinctive features and functionalities. For both novice traders and seasoned investors, finding the right exchange is paramount. The choice can be the difference between yielding profits or facing
The political landscape in New York City is once again under scrutiny as federal prosecutors have indicted Mayor Eric Adams amid a slew of corruption investigations. As pressure mounts on his administration, the implications extend beyond the mayor’s office, affecting key personnel and the city’s standing on various fronts. This article explores the ramifications of
In a significant move reflecting its commitment to legal adherence, Binance, the prominent cryptocurrency exchange, has announced the cessation of Turkish language support on its platform. This decision is effective from September 27, intended to align the company more closely with regulatory requirements set forth by Turkish lawmakers. The exchange, which boasts multilingual support across
The cryptocurrency market illustrates a mosaic of growth patterns worldwide, yet the United Arab Emirates (UAE) stands apart as a notable exception. Recent findings from Chainalysis, a leading blockchain analysis firm, reveal that the UAE is experiencing an unprecedented surge in crypto transactions across diverse sizes and types, marking it as a keystone example of
BNY Mellon, one of the world’s oldest and largest banks, is making noteworthy strides in the realm of cryptocurrency. A recent report from Bloomberg News revealed that BNY Mellon has successfully obtained an exemption from the Securities and Exchange Commission (SEC) regarding their handling of customer crypto holdings, specifically under the SEC’s Staff Accounting Bulletin
In a significant strategic move, Kraken has announced its acquisition of Coin Meester (BCM), a historic player in the Dutch cryptocurrency landscape. This announcement, made public on September 24, highlights Kraken’s intent to solidify its foothold in the Netherlands while simultaneously expanding its business operations across the continent. Coin Meester, recognized as one of the
Swiss-based crypto banking powerhouse Sygnum has recently made significant strides in its growth strategy by securing a crypto license in Liechtenstein. According to an announcement made on September 23, the company’s local subsidiary, Sygnum Europe AG, is now registered with the Financial Market Authority (FMA) of Liechtenstein under the Token and Trusted Technology Service Provider