Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement. This move comes more than a year after the bank’s crypto division, SG Forge, launched EURCV on the Ethereum blockchain. However, the asset has struggled to gain traction, with only…
Ripple’s APAC Managing Director, Fiona Murray, has expressed concerns that the United States is lagging behind regions like Singapore and the UAE in fostering a crypto-friendly environment. During Token2049 in Singapore, Murray emphasized that while the U.S. has significant potential, it remains far behind in crypto regulation and innovation. Much…
Open interest data fromCoinGlass show a nearly $5 billion jump in bitcoin bets since Tuesday. Solana’s SOL and ether zoomed as much as 7% to lead gains in crypto majors. Bitcoin (BTC) extended weekly gains to 10% after a busy few days, including rate cuts by the U.S. Federal Reserve,…
OKX’s U.S.-based sister crypto exchange—once called OKCoin and rebranded to OKX in the likeness of its non-U.S. counterpart—is aiming to debut a new mobile application this fall as part of the exchange’s broader relaunch, OKX Chief Marketing Officer Haider Rafique told Decrypt in an interview on Thursday. The U.S.-based OKX’s…
Louisiana has implemented a new option for residents to make payments to state agencies using Bitcoin and Circle’s stablecoin USDC, according to a Sept. 18 press release. The Louisiana Department of Wildlife and Fisheries will be the first agency to accept these payments, with the possibility of expansion to other…
Cryptocurrencies surged higher with bitcoin (BTC) nearing $64,000 on Thursday as the Federal Reserve’s jumbo rate cut bolstered risk appetite across asset classes. Bitcoin climbed nearly 6% over the past 24 hours from Wednesday’s whipsaw below $60,000 as traders digested the Fed’s decision to lower benchmark interest rates by 50…
The optimism comes after the Federal Open Market Committee (FOMC) decided a 50 basis points interest rate cut in September, suggesting the US economy is in a good place. Crypto Banter, a popular YouTube channel with over 1.08 million subscribers, says the 2024 altcoin season is beginning. Its founder, Ran…
Following the announcement of the most anticipated rate cut of the year, Bitcoin quickly managed to cross over the $62,000 level. Fed Chair Jerome Powell announced that the central bank will cut interest rates for the first time in four years. Market experts believe this news could propel Bitcoin to…
Canada’s central bank has shelved plans for a central bank digital currency (CBDC), which has been dubbed a “digital loonie,” after almost five years of research. A “loonie” is a common nickname for the Canadian dollar. The Bank of Canada first launched a research project to look into the creation…
In the days ahead of the highly anticipated US FOMC meeting, when the central bank was expected to lower the interest rates, local investors were on a shopping spree for spot Bitcoin ETFs. However, that changed when the day arrived. Bitcoin ETF Outflows CryptoPotato reported yesterday the impressive streak for…