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Crypto News
Raoul Pal: Crypto Behaves as a Leading Indicator for the US’s ‘Broken Plumbing’
Pal stated that crypto markets are currently reflecting a problem in the U.S. economic plumbing, acting as a leading indicator for an upcoming crisis. While stock markets are shielded from this for now, he believes that if the liquidity…
Latam Insights: Brazil Implements Stringent Stablecoin Ruleset, Libra Probe Advances
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, the Central Bank of Brazil finalizes a new stringent ruleset targeting stablecoins, the Libra case…
Bitcoin Friendly Franchise Steak ‘n Shake Targets El Salvador for Latam Expansion
The company aims to build its first Latam restaurant in the country due to its bitcoin allegiance. During the Bitcoin Historico event, Dan Edwards, COO of Steak ‘n Shake, stated that El Salvador was a “bitcoiner country,” and they just had…
Fundstrat’s Tom Lee Disregards Crypto Market Weakness: Pain Is ‘Short Term’
Tom Lee, CIO of markets insight firm Fundstrat Capital, believes that the cryptocurrency market will recover from the current downturn, which has the characteristics of a transitional event. For Lee, the market might enjoy a…
Tether Assists Global Law Enforcement in $12M Crypto Crime Bust
The Thai Royal Police and U.S. Secret Service seized $12 million in USDT linked to a Southeast Asia scam network, arresting 73 suspects and confiscating assets worth $15.67 million. Tether’s Role in Tracing and Freezing Funds The Thai Royal…
Strategy’s Michael Saylor Denies Bitcoin Sale Rumors: ‘We’re Buying’
Michael Saylor, executive chairman and co-founder of Strategy, the largest bitcoin treasury company, denied the rumors of a possible bitcoin sale. At CNBC’s Squawk Box, Saylor stated that Strategy is still buying bitcoin, putting these…
Fed’s Miran: Stablecoins Are ‘Transformational’ for Emerging Markets
Federal Reserve Governor Stephen Miran described stablecoins as innovative tools that could provide users in jurisdictions with limited access to dollar assets. Miran estimates stablecoins could help satisfy about $3 trillion of foreign…
Avalanche Pre-Consensus Brings Near-Instant Finality to XEC
Ecash, a cryptocurrency focused on payments, is on the verge of implementing Avalanche pre-consensus, a new development that brings almost instant finality to transactions using Ecash’s Nakamoto/Avalanche hybrid consensus. The development…
Circle Reports Record Q3 as USDC Circulation Tops $73 Billion
Circle delivered a strong third quarter with USDC circulation soaring past $73 billion and net income up over 200% year-over-year. The company also launched its Arc testnet and hinted at a potential native token as it expands its onchain…
Sui Partners With Bridge to Launch Native Stablecoin USDsui
Sui has launched USDsui, a native stablecoin built on Bridge’s Open Issuance platform to serve as a foundational asset for the Sui network. Strategic Vision and Regulatory Compliance Sui, in partnership with Bridge, has announced the launch…