The US Securities and Exchange Commission (SEC) has expressed concerns about Circle’s stablecoin, USDC, as the company pursues a multi-billion dollar initial public offering (IPO). The regulatory documents obtained by Barron’s highlight the SEC’s apprehensions regarding the classification of USDC and other stablecoins as securities under US law. This is not the first time that
Brazil’s Special Department of Federal Revenue is set to enact new regulations aimed at ensuring compliance from foreign crypto exchanges operating within the country. The tax department will require these exchanges to provide detailed information about their operations, including how they interact with local service providers. Deputy Secretary of Inspection Andrea Chaves emphasized the importance
South Korea’s Financial Supervisory Service (FSS) has been in the spotlight following rumors of the removal of various digital assets from local crypto exchanges. Reports suggested that the FSS instructed registered exchanges like Upbit, Bithumb, and Gopax to conduct evaluations of several tokens on their platforms. This move is in line with the Virtual Asset
The recent resignation of David Hirsh, Chief of the Crypto Asset and Cyber Unit at the SEC, has sparked speculation and rumors within the cryptocurrency community. After serving nine years with the United States Securities and Exchange Commission, Hirsh announced his departure on LinkedIn. In his statement, he expressed gratitude towards his colleagues, mentors, and
The Vatican Library has recently announced a groundbreaking initiative to incorporate Web3 technology by granting non-transferable NFTs to supporters of its manuscript collections. This unique project, currently in the experimental phase, is specifically available to Italian backers of the Vatican Apostolic Library. Italian individuals have the opportunity to share the NFT project on their social
The Aavegotchi community is abuzz with excitement as the announcement of the upcoming Rarity Farming Season 8 brings with it a substantial 150,000 GHST prize pool and a host of new features aimed at enhancing the competitive experience. This season introduces double-elimination tournaments, the option to have two substitutes per team, and a preparation phase
Last week, cryptocurrency funds faced significant outflows following a period of five weeks of consecutive inflows. According to data from CoinShares, digital asset funds saw a total of $600 million in net outflows for the week ending on June 14. The outflows were particularly concentrated in Bitcoin and Solana funds, with $621 million and $0.2
Ripple’s XRP has shown resilience in the face of negative market conditions, with a 1% increase in the past 24 hours and a 3% rise over the week. This outperformance of Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) has caught the attention of analysts who see the potential for a significant bull run. Analysts
The crypto community is abuzz with excitement as prominent analyst Jelle predicts that Ethereum (ETH) could surge to $5,000 by the end of this year. This forecast is based on a technical analysis that takes into account Ethereum’s recent price movements. After experiencing a correction from its March high of over $4,000, Ethereum has stabilized
Bitcoin experienced a rollercoaster of price fluctuations on Monday, especially during the night, when it plummeted to a new monthly low of $64,000. The primary digital asset had a relatively quiet weekend, hovering around $66,000, but things took a turn for the worse as Monday unfolded. The cryptocurrency briefly surged to a local peak of
