“Justin’s knowledge and experience will be instrumental,” the team says. Sun announced the investment of $30 million in Trump’s DeFi platform. Justin Sun, founder of Tron, bought influence in the cryptocurrency project launched by US President-elect Donald Trump. The investor and businessman was announced as the new advisor to World Liberty Financial (WLF). According to … Read more
Users who hold EURT have one year to redeem their funds. The decision aligns with the MiCA Law, which regulates stablecoins in the EU. Tether, the company behind the world’s largest stablecoin, USDT, announced that it has suspended support for EURT, its euro-based stablecoin. In a release published this Wednesday, November 27, they reported that … Read more
The branches were located in Quiito, the capital of Ecuador. The authorities carried out inspections and detected irregularities. In Quito, the capital of Ecuador, two branches of Worldcoin, a project dedicated to scanning people’s eyes in exchange for cryptocurrencies, were closed by the authorities. The joint operation involved the National Police, the Control Agent Corps, … Read more
Moody’s highlights that the new rating “reflects the moderate economic strength of El Salvador” The firm sees a structural improvement in the security situation and the government’s liquidity. On Tuesday, November 26, the credit rating agency Moody’s announced an improvement in El Salvador’s risk rating, raising it from Caa1 to B3. This new rating, which … Read more
MSTR’s good performance has been largely due to the price of bitcoin (BTC). Saylor’s strategy predicts that bitcoin will rise to millions in the next 20 years. MicroStrategy (MSTR) has become one of the most traded stocks on the market thanks to its bitcoin (BTC) investment strategy. However, behind the success of Michael Saylor, its … Read more
Yao Qian, recognized as the main driver of the digital yuan, was recently accused of using his regulatory influence to benefit technology companies in exchange for bribes. As a result, Qian, who was also the head of the technological supervision area of the China Securities Regulatory Commission, was expelled from the Communist Party and public … Read more
The reserve would be called RESBit and the objective is to “diversify the Treasury’s financial assets. The project provides for the planned acquisition of BTC with up to 5% of international reserves. Brazilian deputy Eros Biondini presented a bill for the creation of a sovereign strategic reserve of bitcoin (BTC) by the federal government, called … Read more
The former CEO of Binance called for a shift towards truly meaningful innovation. Despite his proposal, Zhao claims to not be against memecoins. Changpeng Zhao (CZ), former CEO of Binance, recently shared his opinion on X about the rise of memecoins. According to Zhao, these cryptocurrencies “have become a little strange” and suggested that developers … Read more
Binance, the world’s largest cryptocurrency exchange, introduced BFUSD, an interest-paying “digital dollar.” The launch will be tomorrow, November 27 at 2:00 AM (UTC). The asset operates similarly to a stablecoin, but company spokespersons were in charge of detailing its operation. As explained by Binance through a release“is designed as a margin asset for futures trading, … Read more
Bitfinex, the exchange of bitcoin, USDT (Tether) and other cryptocurrencies, will require, on a mandatory basis, compliance with the regulatory standards of the Financial Action Task Force (FATF), called the “travel rule.” So, starting January 29, 2025, users who make transactions for more than $1,000 will have to share detailed data, such as the amount … Read more