Key takeaways Cryptocurrencies significantly reduce the high fees and lengthy processing times associated with traditional remittance methods, offering near-instant transfers with minimal costs. Crypto enables seamless international money transfers, especially in regions with limited banking infrastructure or during crises like conflicts or economic instability. Using blockchain technology, crypto eliminates intermediaries, ensuring faster, securer transfers without…
Countries are expected to add Bitcoin into national strategic reserves in 2025, kicking off significant growth in the crypto market, Fidelity Digital Assets said in its latest research paper. “We anticipate more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in Bitcoin,” said Fidelity Digital Assets research analyst…
Superseed, a DeFi protocol with self-repaying loans, inches closer to its mainnet launch and token generation event. Decentralized finance (DeFi) comes with the promise of an open, accessible financial system. Yet many protocols face a common lingering question: How to ensure every participant is included in the value created? Borrowers, for instance, may discover that…
GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA), allowing the company to operate as a licensed crypto asset business. According to a news release, the approval makes GSR the first crypto liquidity provider to achieve dual regulatory authorization from both…
The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama. According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network. The growing trading volume…
Europe’s Markets in Crypto-Assets Regulation (MiCA) is being hailed as a significant step forward for the cryptocurrency industry despite concerns about potential overregulation during its initial rollout. MiCA is the world’s first comprehensive regulatory crypto framework, which went into full effect for crypto-asset service providers on Dec. 30. While concerns regarding regulatory overreach persist, the…