Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance

October 24, 2024 Bitcoin.com

U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries and stablecoins, while his stablecoin legislation aims […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards

October 23, 2024 Bitcoin.com

Bitcoin

A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a competitive crypto sector. The regulator warned against relaxing standards, advocating instead for collaboration to build a secure foundation for sustainable innovation […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

Japan’s Election Heats up With Calls for Crypto Tax Cuts and Regulatory Reforms

October 23, 2024 Bitcoin.com

bitcoin.com

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is advocating for significant cryptocurrency tax reforms ahead of the general election. His party proposes a 20% tax on crypto assets and aims to promote Japan as a web3 leader. The party also supports initiatives like increased leverage for crypto trading. Tamaki believes these changes […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

Komainu targets Singapore custodian Propine for first acquisition

October 23, 2024 Coin Telegraph

asia expansion

The acquisition of its competitor will net Komainu a Singapore Capital Markets Services License and hope for a Major Payment Institution license in the future.

Digital asset custody provider Komainu has targeted Singapore’s Propine Holdings, the parent company of local custody provider Propine Technologies, for acquisition. The value of the transaction was not disclosed.

If the sale is approved it will be Komainu’s first acquisition, but probably not its last, its CEO said.

The sale of Propine to Komainu requires approval from the Monetary Authority of Singapore (MAS). Propine Technologies holds a Capital Markets Services License issued by MAS to provide institutional custodial services, which Komainu co-CEO Paul Frost-Smith called “an absolutely key factor in building” Komainu in an interview with Bloomberg.

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

SEC’s Crypto Crackdown Questioned — Will Clear Guidance Finally Emerge?

October 22, 2024 Bitcoin.com

bitcoin.com

The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary guidance. He […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

XRP’s Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike

October 20, 2024 Bitcoin.com

bitcoin.com

Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

‘We’re Heading to 6-Figure Bitcoin’ — What’s Driving This Bold Prediction

October 20, 2024 Bitcoin.com

Bitcoin

Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

Crypto ATMs Coming to 45 New Locations Across Five US States

October 19, 2024 Bitcoin.com

Allsup's

Cryptocurrency is becoming more accessible across the U.S. with the expansion of digital currency kiosks to 45 new locations in the Southwest and Midwest. Yesway, a fast-growing convenience store chain, is partnering with Coinflip to bring crypto ATMs to its customers, offering a seamless and secure way to buy and sell bitcoin and other digital […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control

October 19, 2024 Bitcoin.com

Alexandra Prokopenko

A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]

Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games

$230M Bitcoin Heist Takes Dark Turn — $100M Still Missing, FBI Probes Kidnapping Link

October 19, 2024 Bitcoin.com

0M Bitcoin Heist Takes Dark Turn — 0M Still Missing, FBI Probes Kidnapping Link

bitcoin.com

Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch, the story took a sinister twist. Now, prosecutors say the crime may be tied to a shocking kidnapping — and […]

Digital Assets