The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a report commissioned by G20 under India’s leadership, outlining a comprehensive framework for regulating crypto-assets like Bitcoin and stablecoins. The paper synthesizes the policy recommendations from both organizations to help countries address the financial stability and integrity risks posed by the rapid […]
VC Spectra (SPCT) is a decentralized asset management protocol that is democratizing blockchain investments, allowing participants from various financial backgrounds and locations to engage seamlessly. Its sophisticated trading algorithms grant it the agility to navigate market volatilities adeptly. SPCT tokens are currently priced at $0.025 and have seen impressive gains of 212.5% and 127.27% for […]
Visa, one of the world’s largest credit card issuers, is taking a step into the world of blockchain technology. The company is using the power of Solana and USDC to settle payments with its partners, Worldpay and Nuvei. This move is expected to drastically reduce the time and complexity associated with exchange and transfer processes […]
IOTA is set to revolutionize the crypto landscape with the launch of ShimmerEVM, a parallelized DAG ledger optimized for custom smart contract chains. The testnet has already processed more than 1.4 million transactions, and the team is in the advanced stages of their testing phase. The ShimmerEVM mainnet launch has experienced delays due to in-depth […]
Manilla Technologies, a Web 3.0 company, is excited to announce the Initial Coin Offering (ICO) for its product Manilla Finance. The ICO is a significant milestone for the company and the financial industry, promising to reshape the way individuals and businesses engage with regular financial services and the blockchain. Manilla Technologies aims to bridge the […]
The Financial Accounting Standards Board (FASB) has unanimously approved new guidelines for accounting and disclosing cryptocurrencies like Bitcoin. These regulations will come into effect in 2025, in an effort to improve transparency for investors and others who rely on financial statements. The new rules will require digital assets to be logged at their current market […]
Bitop Exchange, a regulated cryptocurrency exchange, has announced enhancements to its core products to better meet the needs of retail and institutional clients. The exchange is aiming to attract traders exploring investment options in commodities, stocks, spot, and derivatives via a user-friendly platform.Bitop has become licensed by the U.S. Securities and Exchange Commission and registered […]
The race for the first United States Ethereum exchange-traded fund (ETF) has officially begun after the Chicago Board Options Exchange (CBOE) filed two 19b-4 applications to the United States Securities and Exchange Commission (SEC). The applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX […]
October is shaping up to be a pivotal month for the future of crypto, with the SEC’s deadline to provide a decision on the status of seven spot Bitcoin ETFs extended to around the middle of the month. Grayscale, a crypto research firm, has urged the SEC to approve spot Bitcoin ETFs quickly, warning that […]
The Financial Accounting Standards Board (FASB) has approved rules for accounting for the fair value of companies’ cryptocurrency holdings, which will go into effect in 2025. Fair value is the estimated price of an asset that takes into account current market value and other decisive elements. The new accounting method will increase volatility in the […]
