Category: Fiat

Binance Expands Services to Uzbekistan

In a major announcement, Binance, the world’s leading cryptocurrency exchange, has revealed that it is now offering services to residents of Uzbekistan. This expansion is made possible through a partnership with the National Agency of Perspective Projects (NAPP), a regulatory body in the Republic of Uzbekistan. The agreement reinforces Binance’s commitment to creating a secure […]

Ripple Eyes XRP ETF Approval in 2025

Amid the growing popularity of Ripple’s stablecoin, RLUSD, Ripple President Monica Long has expressed confidence that an XRP Spot ETF could be the next major cryptocurrency investment product approved in the United States. Long highlighted the upcoming administration change as a key factor that could accelerate regulatory approval. Her remarks come at a time of […]

BlackRock Bitcoin ETF Sees Record Outflows

On January 2, BlackRock’s iShares Bitcoin Trust (IBIT) experienced record-high outflows, with $333 million withdrawn in a single day, according to data from Farside Investors. This marks the largest outflow ever reported for the spot Bitcoin exchange-traded fund (ETF). Alex Obchakevich, founder of Obchakevich Research, attributed the significant outflows to early-year profit-taking. “At the end […]

Chinese APT Breach at U.S. Treasury

The U.S. Treasury fell victim to a significant cyberattack earlier this month, allegedly orchestrated by a Chinese state-sponsored Advanced Persistent Threat (APT) group. The attack, which exploited vulnerabilities in third-party software, allowed the threat actor to access unclassified documents from employee workstations. According to a Dec. 30 letter from Aditi Hardikar, Assistant Secretary for Management […]

Russia Moves Toward Mandatory Digital Ruble Adoption

A significant legislative move has been made in Russia’s State Duma, proposing mandatory adoption of the digital ruble, the nation’s central bank digital currency (CBDC). Spearheaded by Anatoly Aksakov, head of the Duma Committee on Financial Markets, the bill sets out a phased plan to modernize Russia’s payment ecosystem. Key Features of the Bill Implementation […]

MicroStrategy Ends 2024 with Massive Bitcoin Buy

MicroStrategy, the U.S.-based business intelligence firm, capped off 2024 by purchasing an additional 2,138 BTC for $209 million. This acquisition brings its total Bitcoin holdings to a staggering 446,400 BTC, solidifying its position as the largest corporate holder of the cryptocurrency. Latest Purchase Details This marks the eighth consecutive week of MicroStrategy bolstering its Bitcoin […]

HyperLiquid Faces Hacker Threats Amid Success

HyperLiquid, a decentralized exchange (DEX) and layer-1 blockchain known for its high-leverage trading, is facing a critical moment. On Monday, a sudden outflow of $60 million in USDC raised alarms, sparking concerns over the platform’s security and stability. The loss, though a fraction of HyperLiquid’s $2 billion in USDC reserves, has drawn scrutiny. Analysts suggest […]

Stablecoins in 2025: Key Trends and Predictions

The stablecoin market in 2024 continued its steady expansion, setting records despite challenges. Leading issuers Tether (USDT) and Circle (USDC) maintained dominance, while experiments with non-USD stablecoins, such as euro-backed options, remained niche with minimal adoption. Notable developments in 2024: However, lingering distrust from past collapses, such as the TerraUSD (UST) failure in 2022, has […]