Cryptocurrency firm Tether is expanding the use of its USDt stablecoin in real estate transactions through a new partnership with Reelly Tech, a United Arab Emirates-based real estate platform. The partnership aims to simplify property transactions using Tether’s USDt stablecoin. As part of the partnership, Reelly Tech will offer its customers the opportunity to use…
BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, according to a Feb. 5 report by Bloomberg. The move comes after BlackRock’s US spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), drew upward of $57 billion in net assets after launching in January 2024. BlackRock’s IBIT fund…
The Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the United States, has released 790 pages of additional correspondence related to firms offering crypto services to clients. According to the FDIC, the documents show requests from banks and other institutions to offer crypto services to clients were almost always met with resistance, delays, constant requests…
US President Donald Trump’s administration has confirmed plans to regulate and bring stablecoin innovation onshore, according to Trump’s crypto czar, David Sacks. Stablecoins are one of the key areas of focus for the Trump administration, alongside Bitcoin adoption and blockchain development, Sacks said on CNBC’s Closing Bell Over Time on Feb. 4. The stablecoin market “has already taken…
Widespread adoption of inscriptions could drive the Bitcoin network’s average block size as high as 4 megabytes (MB) per block, far higher than current averages, according to a Feb. 4 report by Mempool Research. Bitcoin’s average block size — the amount of data contained in each block posted to the network’s public ledger — is…
The US Securities and Exchange Commission is carving out a new path for the cryptocurrency sector, including evaluating the security status of crypto assets and potentially providing “retroactive relief” for certain token offerings. According to a Feb. 4 statement issued by SEC Commissioner Hester Peirce, the White House’s newly announced Crypto Task Force will use its tools…
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