Month: October 2024

Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability....

MicroStrategy Inc. (NASDAQ:MSTR) ended Friday as the sixth-most traded stock on Wall Street, prompting founder and CEO Michael Saylor to celebrate by coining the term “Magnificent 8.” What happened: On Sunday, Saylor took to X, drawing attention to the Bitcoin (CRYPTO: BTC) development company’s latest feat. MicroStrategy recorded volumes...

Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And for Tether, most of the questions swirl around its reserves, which serve as its primary selling point. Acknowledging...

In a spirited response to allegations that the Ethereum Foundation has been irresponsibly selling off its ETH holdings, co-founder Vitalik Buterin firmly denied the accusations on X. In an explanation, Buterin provided detailed insights into the Foundation’s financial practices and its contributions to the ecosystem. The controversy arose after...

Brian Armstrong, CEO of the U.S.’s largest cryptocurrency exchange, Coinbase, acknowledged the significant role of new media in shaping election outcomes, crediting the company’s former tech head Balaji Srinivasan for his early foresight. What Happened: On Sunday, Armstrong took to X to express his views on the changing media...

Dog-themed cryptocurrencies Dogecoin and First Neiro On Ethereum, bounded together by a “familial” connection, led the meme coin rally Sunday. What happened: NEIRO, named after the newly adopted Shiba Inu pup of the owner of Kabosu, which in turn was the inspiration for Dogecoin, pumped over 6% in the...

El Salvador President Nayib Bukele touted his standing as the most popular world leader, with nearly 90% approval ratings. What Happened: On Sunday, Bukele wrote, “It’s nice to be on top,” in response to a post by widely followed X account World of Statistics, which named him the most...

With the presidential election just a week away, MicroStrategy founder Michael Saylor turned up the political heat a few notches higher, asking who between Donald Trump and Kamala Harris would be better for Bitcoin (CRYPTO: BTC). What Happened: Saylor, a known Bitcoin evangelist, has been vocal about the cryptocurrency’s...

Leading cryptocurrencies inched higher on Sunday as oil prices tumbled after Israel’s attack on Iran avoided hitting the country’s oil infrastructure.  Cryptocurrency Gains +/- Price (Recorded at 8:45 p.m. EDT) Bitcoin (CRYPTO: BTC) +1.37% $67,834.40 Ethereum (CRYPTO: ETH)                +1.10% $2,500.81 Dogecoin (CRYPTO: DOGE)           +4.21% $0.1416 What Happened: Bitcoin spiked...

The word war between Ripple Labs’ key people and the Securities and Exchange Commission (SEC) continues. In the latest twist in the Ripple v SEC saga, Ripple’s co-founder, Chris Larsen, offered a stinging comment of SEC Chair Gary Gensler, saying that he’s the “worst public servant of all time.”...