Hong Kong’s stablecoin licensing framework formally went dwell on August 1. This is the primary time the town has launched a authorized construction particularly for fiat-pegged digital tokens. The transfer places the Hong Kong Financial Authority (HKMA) accountable for approving which companies can challenge stablecoins and the way they function. The brand new regulation applies instantly. What Stablecoin Issuers Are Now Required to Do Underneath the brand new guidelines, any firm providing stablecoins backed by the Hong Kong or US greenback should get a license from the HKMA. It doesn’t matter if the agency is predicated in Hong Kong or…
Author: CryptoGate
Visa continues its journey into the ever-evolving world of cryptocurrency and blockchain, including help for extra cash and chains to spice up its versatility. In the meantime, stablecoins stay one of many main traits in adoption throughout this yr. A Little bit of All the things In a press launch shared with traders, Visa, the world’s second-largest card fee group, announced that it’s including help for 2 further USD-backed stablecoins, two blockchains, and the euro-backed EURC. The corporate has partnered with Paxos, which can deliver two further stablecoins to its roster – the International Greenback (USDG) and PayPal USD (PYUSD).…
The Japanese yen’s decline to a four-month low towards the US greenback is critical for cryptocurrency merchants as a result of it displays broader world foreign money dynamics that affect threat asset allocation and buying and selling flows. When main currencies just like the yen weaken considerably towards the greenback, it usually signifies world buyers are rotating towards dollar-denominated belongings and away from threat investments. This foreign money motion usually coincides with lowered urge for food for speculative belongings like cryptocurrencies, as buyers search the security and stability of the strengthening greenback. Japan has traditionally been one of many world’s…
Two decentralized science altcoins are wavering after gaining help from Coinbase, the highest US-based crypto change platform by quantity. In a brand new thread on the social media platform X, Coinbase announced the addition of two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its suite of crypto merchandise. Following the bulletins, the tokens each fell in worth. “ResearchCoin [and] Bio Protocol [are] now dwell on http://coinbase.com and within the Coinbase iOS and Android apps. Coinbase clients can log in to purchase, promote, convert, ship, obtain or retailer these belongings.” BIO is buying and selling for $0.0612 at…
Ethereum has confronted an 8% correction since Monday, cooling off from its latest rally and slipping beneath the important thing $3,850 stage. This transfer means that the bullish momentum that carried ETH greater in July is starting to fade, with value now coming into a important consolidation section. Bulls are nonetheless holding key help ranges, however the specter of a deeper correction is rising as promoting strain intensifies. Associated Studying On-chain knowledge exhibits indicators of profit-taking from massive buyers, including to short-term volatility and uncertainty. Heavy promoting quantity over the previous two days has sparked hypothesis throughout the market, particularly…
The variety of tradable crypto tokens has gone parabolic since 2022, with CoinMarketCap now monitoring roughly 18.9 million digital belongings, in comparison with slightly over 20,000 in 2022.In January of that yr, roughly 20,000 belongings have been listed throughout main trackers. By mid-2025, that universe swelled to an estimated 18.9 million, an astonishing 945x improve in simply three and a half years. The surge isn’t evenly distributed, as three high-throughput networks are answerable for about 90% of the brand new provide: Solana, Base, and BNB, pushed by low charges, turnkey launchpads, and a tradition of fast experimentation.The three kingsSolana is the…
If you happen to’ve been round crypto for a whilst you’ve in all probability heard individuals speaking about “free crypto” from “airdrops”. And it might make you surprise should you’re lacking out. The reply is… sure, most definitely. Crypto airdrops are one of many best methods to attain crypto tokens without cost, even when they do carry some dangers. So on this information, we break down all of the fundamentals: what’s an airdrop in crypto, why tasks distribute tokens in any respect, how one can get them, and how one can keep away from getting scammed within the course of.…
The bears are having a subject day, pushing the whole cryptocurrency market capitalization down by greater than $130 billion. This comes on the again of appreciable losses from Bitcoin, which dropped by 3% previously 24 hours. Nonetheless, nearly all of altcoins are having it method worse. Ethereum is down by 6%, BNB by 4.5%, SOL – by 5%, whereas lots of the giant caps are buying and selling at reductions larger than 4%. Supply: Quantify Crypto That stated, there are solely two tokens within the high 50 which are within the inexperienced, charting nominal beneficial properties – TONCOIN and ENA.…
Securities and Trade Fee Chairman Paul Atkins introduced a sweeping new initiative referred to as Venture Crypto on Thursday, marking a dramatic shift within the company’s strategy to cryptocurrency regulation. Talking on the America First Coverage Institute, Atkins outlined plans to remodel america into the “crypto capital of the world” by means of complete regulatory modernization. The announcement represents an entire reversal from the enforcement-heavy strategy taken by former SEC Chairman Gary Gensler, who was extensively criticized by the cryptocurrency business for his aggressive regulatory stance. Atkins emphasised that most crypto belongings aren’t securities, instantly difficult the earlier administration’s broad…
HIVE Digital co-founder Frank Holmes acknowledged this week that a number of sanctioned nations are actively mining Bitcoin (BTC) in secret, turning to the crypto as a substitute income stream within the face of U.S. monetary restrictions.Holmes made the claims throughout a latest interview with the Roundtable. He tied a latest drop in international mining problem to military strikes concentrating on energy infrastructure in Iran, suggesting the nation’s navy was utilizing vitality assets to mine Bitcoin and generate onerous foreign money.The feedback replicate a broader pattern by which governments lower off from conventional monetary methods are leveraging crypto mining to…