Bullish Europe has become the first platform to list Société Générale-Forge’s USDCV stablecoin, expanding access to regulated digital assets in the European Union. According to a Tuesday announcement, Bullish is the first to offer USD CoinVertible (USDCV) to its customers through its German Federal Financial Supervisory Authority (BaFin) and Markets in Crypto-Assets Regulation (MiCA) regulated…
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Japan’s Metaplanet expanded its Bitcoin treasury with a 5,419 BTC purchase, making it the fifth-largest corporate holder of the cryptocurrency globally. The company said Monday it acquired 5,419 Bitcoin (BTC) at an average price of 17,281,012 Japanese yen (about $117,000) per Bitcoin. With this latest $633 million purchase, the company’s holdings reached 25,555 BTC, making…
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Finance ministers of European Union member states agreed Friday on a pathway to set limits on how much digital euro an individual can hold, moving the bloc closer to launching a central bank digital currency. The decision was announced during a Eurogroup press conference following the Economic and Financial Affairs Council meeting in Copenhagen, Denmark,…
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A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of…
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Bitcoin’s core software lowered the default minimum relay fee for transactions, marking one of the most significant changes in years for economically moving funds across the network. Bitcoin Core 29.1, released on Sept. 4, sets the default minimum relay fee rate to 100 satoshis per thousand virtual bytes (0.1 sats/vB), a 90% reduction from the…
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United Kingdom-based cryptocurrency industry advocacy groups called on the Bank of England not to proceed with plans to limit individual stablecoin holdings. In a November 2023 discussion paper, the bank floated setting individual caps on digital pounds between 10,000 British pounds ($13,558) and 20,000 pounds and asked for feedback on a possible lower limit of…
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United Kingdom trade groups urged the UK government to include blockchain technology in the “Tech Bridge” technology collaboration with the United States. A dozen UK trade groups representing the finance, technology and crypto industries made the request in a joint letter seen by Cointelegraph and addressed to UK Business Secretary Peter Kyle and Economic Secretary…
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Dogecoin’s price rose Friday even as the launch of a US exchange-traded fund (ETF) tied to the memecoin was delayed again, according to a Bloomberg analyst. According to CoinMarketCap data, Dogecoin (DOGE) increased by nearly 4% over the last 24 hours — reaching $0.2603 at the time of writing. The rise comes despite Bloomberg’s senior…
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The Smarter Web Company, the United Kingdom’s largest corporate Bitcoin holder, is considering acquiring struggling competitors to expand its treasury, CEO Andrew Webley said. Webley told the Financial Times that he would “certainly consider” buying out competitors to acquire their Bitcoin (BTC) at a discount. According to BitcoinTreasuries.NET data, The Smarter Web Company is the…
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Indian regulators are reportedly holding back from introducing comprehensive crypto rules over concerns that regulation could legitimize digital assets and create systemic risks. According to a Wednesday Reuters report citing documents the outlet’s reporters viewed, the Reserve Bank of India (RBI) maintains the view that containing the risks posed by cryptocurrencies through regulation would be…
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