Chainalysis: Premium Index Boosts South Korean Crypto Market
The Korea Premium Index drives price increases in South Korea’s crypto market, where institutional trading is crucial. A recent report from Chainalysis shows that South Korea’s cryptocurrency market is experiencing significant growth, largely driven by the rise in the Korea Premium Index. The report emphasizes that local demand, institutional trading, and specific market dynamics in […]
Circle Links USDC with National Payment Systems in Brazil, Mexico
USDC is now available in Brazil and Mexico’s banking systems, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions. Circle has integrated its USD-pegged stablecoin, USD Coin (USDC), with Brazil and Mexico’s national real-time payment systems. In a Sept. 17 announcement , Circle revealed that USDC is now accessible within the banking […]
Coinbase CEO, Experts Dismiss BlackRock IOU Rumors
Industry insiders and Coinbase CEO Brian Armstrong quickly shot down allegations that the company had issued Bitcoin IOUs. Industry insiders and Coinbase CEO Brian Armstrong quickly dismissed rumors that Coinbase had issued Bitcoin IOUs. Crypto analyst Tyler Durden, known for his critical stance, accused Coinbase over the weekend of allowing BlackRock, the company managing the […]
Microsoft & BlackRock To Launch $30 Billion AI Infrastructure Fund
BlackRock partnered with Microsoft to develop a $30 billion fund to address AI infrastructure needs such as energy and data centers. BlackRock is preparing to launch an ambitious investment fund exceeding $30 billion in partnership with Microsoft. This fund will focus on developing data centers and energy projects to meet the growing needs of artificial […]
US Lawmakers Criticize SEC Chair Gary Gensler on Airdrop Securities Ruling
A formal letter from US lawmakers questioned SEC Chair Gary Gensler’s classification of crypto airdrops as securities. Two key U.S. lawmakers, House Majority Whip Tom Emmer and House Financial Services Committee Chairman Patrick McHenry, have voiced their concerns about the Securities and Exchange Commission’s (SEC) treatment of airdrops as securities. In a letter sent to […]