Opinion by: Aaron Basi, head of product at IoTeX With the recent passage of the GENIUS Act, the United States has taken its first real step toward regulating crypto nationally. The bill focuses on stablecoins, establishing reserve rules, audits and authorized issuers. This is a milestone for the industry. If lawmakers want to support the…
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Why did India launch an investigation into Binance and WazirX? India’s Financial Intelligence Unit (FIU-IND) is investigating the global cryptocurrency exchange Binance and the Indian exchange WazirX, focusing on potential loopholes in cross-border digital asset transfers. The investigation is driven by concerns about unregulated wallet transactions linked to accounts from Pakistan. Authorities are particularly worried…
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Key takeaways Gemini serves as a powerful tool for research and idea generation, but should not be seen as a source of trading signals or personalized advice. While it effectively summarizes project fundamentals and compares assets, some responses, like Pi Coin’s delayed mainnet claim, highlight the risks of outdated or incomplete information. Using Gemini to…
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Corporations are buying Ether at a faster pace than Bitcoin, signaling a shift in institutional interest toward the world’s second-largest cryptocurrency as it prepared to celebrate its 10th anniversary, according to a new report from Standard Chartered shared with Cointelegraph. Corporate cryptocurrency treasury firms have bought up 1% of the total Ether (ETH) supply since…
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China-based e-commerce giant JD.com has reportedly registered entities tied to a potential stablecoin rollout just days ahead of Hong Kong’s new stablecoin regulations going into effect. JD.com, often referred to as China’s Amazon, has registered two potential stablecoin-linked entities, Jcoin and Joycoin, through its fintech subsidiary, JD Coinlink Technology, according to a report by Hong…
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The Hong Kong Monetary Authority (HKMA), the special administrative region’s central banking authority, has finalized its regulatory framework for stablecoin issuers, releasing two sets of guidelines that will take effect on Aug. 1. On Tuesday, the HKMA released completed guidelines and consultation conclusions to clarify the upcoming rules. The documents addressed the supervision of licensed…
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The world’s top Bitcoin mining application-specific integrated circuit (ASIC) manufacturer, Bitmain, is reportedly on the verge of opening its first US-based manufacturing plant. According to a Tuesday Bloomberg report, Bitmain plans to open its first US-based ASIC manufacturing facility in the coming months. The company also reportedly plans to open a new headquarters in Texas…
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The National Bank of Ras Al Khaimah (Rakbank), a government-owned bank in the United Arab Emirates (UAE), is the first conventional bank in the country to offer retail crypto trading. In a Tuesday news release, the bank announced the launch of a crypto brokerage service through its mobile banking app, allowing customers to buy, sell…
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The Chicago Board Options Exchange (CBOE) has filed to list shares of Canary Capital’s proposed staked Injective exchange-traded fund (ETF), further expanding the wave of regulated crypto investment products in the United States. The CBOE’s 19b-4 filing, submitted Monday, comes shortly after investment firm Canary Capital filed an S-1 application for a staked Injective (INJ)…
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Key points: Bitcoin returns to $119,000 after a CME gap fill as new Galaxy Digital exchange transactions fail to sway the market mood. Nerves over “OG” BTC sales seem to have passed after last week’s 80,000 BTC transaction. Trading circles still see the potential for another BTC price dip. Bitcoin (BTC) returned to $119,000 on…
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