On December 4th, 2023, South Korea’s Financial Services Commission (FSC) dispelled rumors concerning the finalization of a roadmap for issuing real-name cryptocurrency accounts to corporations, particularly targeting public institutions and nonprofit organizations. This clarification comes in the wake of local media reports, notably from Hankyung, that suggested an impending government announcement outlining a phased strategy
In a groundbreaking move that unites the realms of fitness technology and lifestyle fashion, STEPN GO has proudly announced its inaugural collaboration with sporting giant Adidas. This partnership represents a momentous shift not just for both brands, but for the sneaker industry at large. The introduction of the Adidas Genesis Sneakers is a testament to
As the cryptocurrency market continues to evolve, Ethereum (ETH) stands at a crucial crossroads in its journey toward unprecedented heights. Following Bitcoin’s recent ascension beyond the $100,000 threshold, Ethereum finds itself grappling with a significant resistance level that could dictate its trajectory in the coming months. With a flurry of bullish sentiment enveloping ETH, traders
In the rapidly evolving landscape of cryptocurrency investment, few developments have been as striking as the emergence of BlackRock’s iShares Bitcoin Trust (IBIT). Launched on January 11, IBIT has not only captivated investors but has also set a remarkable benchmark by becoming the fastest exchange-traded fund (ETF) to amass $50 billion in assets under management
Circle has made waves in the cryptocurrency landscape by becoming the first stablecoin issuer to comply with Canada’s ambitious new listing regulations for its flagship digital dollar, USD Coin (USDC). This achievement is particularly noteworthy given the ongoing turbulence within the organization, including recent announcements of workforce reductions. On December 4, Circle’s CEO, Jeremy Allaire,
MARA Holdings has solidified its position at the forefront of the cryptocurrency mining industry by successfully concluding its latest offering of convertible senior notes worth $850 million. Announced on December 5, the company communicated its intention to channel the proceeds towards augmenting its Bitcoin holdings and repurchasing some outstanding convertible notes set to mature in
In a progressive move to bolster compliance in the realm of digital assets, the Travel Rule Universal Solution Technology (TRUST) spearheaded by Coinbase has announced the launch of TRUSThub. As highlighted in a recent statement on December 5, this novel platform intends to optimize data sharing among Virtual Asset Service Providers (VASPs). Part of a
The recent decision by South Korea’s Democratic Party to postpone the implementation of crypto taxation laws has sent ripples throughout the financial community. This two-year delay, officially announced by Democratic Party floor leader Rep. Park Chan-dae, highlights the ongoing struggle between regulatory measures and the booming interest in digital assets. The South Korean government finds
Bitcoin, the flagship cryptocurrency, has once again taken center stage in the financial world with a spectacular price surge, pushing beyond the $100,000 mark for the first time in history. This milestone, however, was more than just a numerical achievement; it was tied to significant political changes within the United States. The recent appointment of
The recent appointment of David O. Sacks, the former COO of PayPal, as the “czar” for artificial intelligence and cryptocurrency by President-elect Donald Trump signifies a pivotal moment in American technological policy. By placing a figure well-acquainted with the intricacies of digital payments and online innovation at the helm of such a critical sector, Trump
