Fidelity Investments plans to launch a stablecoin, expanding into the US Treasury Market and joining the growing stablecoin sector.
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The long-running legal battle between Ripple Labs and the U.S. SEC has reached a historic resolution. After years of litigation, the regulatory agency has agreed to drop its appeal, while Ripple will pay a $50 million fine significantly less than the original $125 million penalty. As part of the agreement, Ripple will drop its cross-appeal,…
Tether, the industry's largest stablecoin issuer, is set to hire the Big 4 to audit its reserves, ending longstanding criticisms of the company's lack of transparency. Tether CEO Paolo Ardoino said the audit was a top priority for the firm following suspicion raised by the company's colossal revenue. Tether has not disclosed which Big 4…
The SEC is changing its enforcement strategy, moving from crypto regulation to traditional securities fraud cases under new leadership.
In keeping with its commitment to Bitcoin as a core asset, Metaplanet Inc. (TSE: 3350) announced today the acquisition of an additional 150 Bitcoin (BTC). For context, this latest purchase further solidifies the firm’s position as one of Japan’s most aggressive corporate adopters of cryptocurrency. The buy, announced by Metaplanet’s CEO, Simon Gerovich in a…
Crypto billionaire Jed McCaleb funds Vast Space LLC’s ambitious space station project, leveraging his crypto fortune for space exploration.
Brazil’s Senate is advancing crypto regulation with a public hearing to address industry concerns and ensure security for cryptocurrencies.
Paul Atkins, the Incoming Chairman of the US Securities and Exchange Commission, is finally slated for a Senate hearing regarding his new role at the Commission. Leading Crypto Journalist Eleanor Terret reported that Atkins will face the US Senate Banking Committee Next Thursday alongside Jonathan Gould, another Trump Nominee. If the Senate successfully confirms Paul…
Cathie Wood, the CEO of Ark Investment Management, warns most memecoins would eventually become worthless. The CEO said his private investment firm would not invest in any of them following her conviction on the absence of a long-term use case for the crypto asset class. “ The combination of blockchain technology and artificial intelligence is…
The State of North Carolina passed a Bill authorizing the state treasurer to allocate 10% of the State’s public fund to Bitcoin. Bitcoin Laws reported that Bill SB327 will require the state to set aside 10% of its public funds for the acquisition of Bitcoin. The state’s Bitcoin reserve will be kept in a multi-signature…