Author: CryptoHoppers

The GENIUS Act is a significant step towards establishing stablecoin regulations, offering a much-needed framework for the growing industry. By introducing clear oversight for both financial institutions and non-bank issuers, it aims to ensure stability and consumer protection. While there’s some opposition, the bipartisan support shows promise for progress. It’s encouraging to see that Congress is working towards creating a balanced approach to foster innovation while maintaining control, and the outcome could shape the future of stablecoins and digital asset markets in the U.S. Source link

Key Takeaways Ripple argues that the SEC should focus on existing statutes and defer new crypto regulations to Congress. Ripple criticizes the previous SEC administration’s application of the Howey test as distorted and complex. Share this article Ripple has called on the SEC to stick to existing statutes and let Congress establish new legal frameworks for crypto. According to the firm, the regulator should focus on fraud prevention, using laws already in place, and leave the market structure definitions to the legislative body. “Congress is actively considering market structure and stablecoin legislation. It is the role of policymakers to establish…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A prominent crypto analyst said that Bitcoin went through a significant event over the past few months as the coin’s open interest plummeted by nearly 20%, wiping out around $12 billion. BTC’s open interest wipeout might appear to be detrimental to the coin, but CryptoQuant analyst DarkFost believes that the cleansing is essential for a “bullish continuation”, citing that it may provide opportunities for its investors in the near term if history repeats itself. Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just…

With a daily trade volume of $252.21 million and a price of $0.000014 as of right now, maintaining a market worth of $8.40 billion and ranking 17 on CoinMarketCap, the token has witnessed a 2.92% price rise over the past 24 hours. Notwithstanding this, the introduction of Rexas Finance (RXS), a novel Real-World Asset (RWA) token, begs the issue of whether it may outperform Shiba Inu in the next bull run. Rexas Finance already shows a price increase of almost 6x from its presale stage to its present level, so its growth path indicates it might challenge and even surpass…

Key Takeaways The Trump administration plans to rename and restructure USAID to incorporate blockchain technology for improved security and transparency. Experts remain skeptical about blockchain’s necessity, suggesting existing tools could offer similar benefits without the added complexity. Share this article The Trump administration intends to integrate blockchain technology into the procurement and distribution processes of the US Agency for International Development (USAID), which plays a key role in providing humanitarian aid and development assistance worldwide, WIRED reported Thursday, citing an internal State Department memo.The goals are to increase security, transparency, and traceability of aid distribution while promoting innovation and focusing…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Asian investors are shifting from Tron and Binance Coin to newer projects. XYZVerse, a rising sports memecoin with explosive growth potential, is capturing investor attention. Prominent investors in Asia are reportedly offloading significant holdings of Tron and Binance Coin. At the same time, a lot of attention has shifted to an obscure altcoin priced at a fraction of a cent, which is rumored to have massive growth potential. This unexpected move is stirring curiosity in the crypto community as…

Key Takeaways Kraken’s $1.5 billion acquisition of NinjaTrader marks the biggest traditional finance and crypto convergence. The acquisition enhances Kraken’s capabilities in US futures and multi-asset trading, integrating both traditional and crypto markets. Share this article Leading crypto company Kraken announced today it has reached an agreement to acquire NinjaTrader, the US retail futures trading platform, for $1.5 billion. The final purchase price is subject to adjustments based on agreed-upon conditions.The transaction, described as the largest-ever combination of traditional finance and crypto, aims to establish Kraken as a leader in US futures for both traditional and crypto markets while advancing…

Polygon co-founder, Sandeep Nailwail’s donation fund, Blockchain For Impact, has surpassed $90 million in funding for healthcare innovation. BFI also pledged another $200 million for future initiatives. According to a press release sent to crypto.news, Blockchain For Impact has allocated more than $90 million in funding for innovations in the healthcare sector, biomedical research as well as climate resistance. Not only that, the organization has also pledged an additional $200 million for future initiatives. At the moment, BFI is prioritizing funding for healthcare startups, biomedical research and other efforts that strive to strengthen the public health system through blockchain philanthropy.…

[…] memecoins instead of SOL caused this effect which harmed its trading performance. The repayments to FTX customers may create extra selling pressure which may control SOL’s price […] Source link

Key Takeaways North Carolina’s new bill could invest up to $950 million of public funds in Bitcoin. The legislation would create a Bitcoin Economic Advisory Board and require multi-signature cold storage for reserves. Share this article North Carolina lawmakers have introduced a new bill that could see the state invest heavily in Bitcoin, potentially allocating up to $950 million from its estimated general fund.The proposed legislation, also known as the “NC Bitcoin Reserve and Investment Act” or SB327, would authorize the Office of the State Treasurer to allocate up to 10% of the state’s public funds to Bitcoin (BTC) as…