Crypto Billionaires in South Korea: Young Investors Hold $739 Million
A study by the crypto exchanges Upbit and Bithumb shows the growing influence of cryptocurrencies among young South Koreans. More than 180 South Koreans in their 20s have crypto assets…
Kamala Harris's Tax Plan Could Trigger Crypto Market Sell-off
Zac Townsend, CEO and co-founder of Meanwhile, has expressed concerns about Kamala Harris’s proposed 25% unrealized capital gains tax. Townsend, a vocal critic of the plan, warns that the tax…
Using a Bitcoin wallet for CDBC remittances
Central bank digital currencies (CBDCs) are a hot topic right now. However, many people are still unconvinced about their value, and some do not understand what benefits they will bring…
Bank of Russia: the digital ruble will not exert inflationary pressures
The Bank of Russia wanted to clarify some concerns about the effects of the digital ruble. In practice, the new Russian CBDC will not lead to an increase in the…
Tokenized funds get preliminary approval to be used as collateral in the US
A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations.…
Franklin Templeton submits Bitcoin & Ethereum index ETF proposal to SEC
The SEC has received a proposal to list and trade the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF. The new ETF, managed by Franklin Templeton, aims to offer investors…
US Presidential Campaigns: 49% of Retail Investors Adjust Portfolios Ahead of Polls
With the US presidential election drawing closer, nearly half of American retail investors are adjusting their portfolios. A recent survey revealed that some of the investors are strengthening their cash…
OpenAI hits $157 billion valuation after new funding round
OpenAI has successfully raised over $6.5 billion in a recent funding round, catapulting its valuation to $157 billion, Bloomberg reported Wednesday. The new valuation surpasses OpenAI’s previous valuation of $86…
Stablecoins, DeFi boost Nigeria to second in global crypto adoption rankings – Chainalysis
Nigeria has emerged as the second-largest adopter of crypto worldwide, cementing its position as a leader in digital finance, according to Chainalysis’ upcoming report. The ranking illustrates Nigeria’s rapidly expanding…