Crypto Biz: The Year of Bitcoin
28 Dec 2024
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Bitcoin has had such a historic year! Nearly 16 years after its network debuted, cryptocurrency solidified its status as a mainstream financial instrument with the approval of 11 exchange-traded funds in January. The ETFs’ launch marked one of the most successful debuts in history thanks to institutional demand, with Bitcoin-focused funds attracting over $113.5 billion by the…

EU silence does not make USDT MiCA-compliant, says exec
28 Dec 2024
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The European Union’s cryptocurrency regulations are set to take full effect in just a matter of days, but there’s still a significant amount of uncertainty on Tether’s USDt stablecoin. United States crypto exchange Coinbase delisted Tether’s USDt in mid-December, citing compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA). After Coinbase’s USDT delisting, the stablecoin has continued trading across…

Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi
28 Dec 2024
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Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will propel digital asset performance in 2025, according to a Dec. 26 Citi research report. Crypto ETF inflows, onchain activity and stablecoin usage all spiked after President-elect Donald Trump won the United States presidential election in November, and those metrics remain elevated going into the new…

Crypto industry calls on Congress to block new DeFi broker rules
28 Dec 2024
182 Views

The final regulations classifying several decentralized finance (DeFi) protocols as brokers have sparked immediate backlash within the crypto industry, with calls for the incoming Congress to overturn the new rules. Disclosed on Dec. 27 by the US Internal Revenue Service, the new regulations treat front-end protocols facilitating digital asset transactions as brokers, requiring Know Your Customer disclosures…