Canada is set to introduce legislation regulating fiat-backed stablecoins under its federal budget for 2025, following the footsteps of the US, which passed landmark stablecoin laws in July. Stablecoin issuers will be required to hold sufficient reserves, establish redemption policies and implement various risk management frameworks, including measures to protect personal and financial data, according…
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Canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures. Source link
Shares in Sequans dropped by over 16% after selling 30% of its Bitcoin to redeem half of its convertible debt, a move the semiconductor company described as a “strategic asset reallocation.” “Our Bitcoin treasury strategy and our deep conviction in Bitcoin remain unchanged,” Sequans CEO Georges Karam said on Tuesday. “This transaction was a tactical…
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Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt. Source link
The crypto whale that made $200 million from the US-China tariff-led crypto crash last month is now betting $55 million that Bitcoin and Ethereum will rise again. Crypto analytics platform Arkham was one of the first to identify the whale’s new long positions in an X post on Monday, which comprises a $37 million Bitcoin…
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Coinbase boss Brian Armstrong shook up two prediction markets in the final seconds of Thursday’s third-quarter earnings call by dropping a list of crypto buzzwords that Kalshi and Polymarket users bet would be mentioned in the call, resolving all markets to a “yes.” Several Kalshi and Polymarket users were ecstatic that their bets paid off…
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US President Donald Trump and Chinese Communist Party leader Xi Jinping have met face-to-face in South Korea to stabilize relations and resolve tariff tensions. Before the bilateral meeting, Trump indicated that the parties are showing signs of alignment, stating: “We’ve already agreed to a lot of things and we will agree to some more right…
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Venezuela’s dependence on US-dollar pegged stablecoins could deepen amid a new threat of war, ongoing sanctions and the hyperinflation of the bolívar. Earlier this week, the US Department of Defense deployed its most advanced aircraft carrier to the Caribbean near Venezuela, as President Donald Trump signaled plans to conduct military strikes against drug cartels operating…
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S&P Global Ratings has given Michael Saylor’s Strategy a “B-” credit rating, placing it in the speculative, non-investment-grade territory — often referred to as a “junk bond” — although it said the Bitcoin treasury company’s outlook remains stable. “We view Strategy’s high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low US dollar liquidity…
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Argentine President Javier Milei’s crypto-friendly party has won the midterm election, positioning him as a leading contender for the October 2027 presidential race and bolstering his continued push for free-market policies. Milei’s La Libertad Avanza party obtained 40.68% of nearly 99% of votes counted to secure the victory over the Peronist party, according to local…
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