The UK Financial Conduct Authority (FCA) has initiated a public consultation aimed at refining regulations for crypto, according to a Dec. 16 statement. The initiative signals the FCA’s commitment to crafting a balanced framework that nurtures innovation while addressing risks in the crypto sector. It seeks to address pressing challenges, such…
El Salvador’s Central Reserve Bank has officially granted Bitget a Bitcoin Service Provider (BSP) license, according to a Dec. 16 statement shared with CryptoSlate. This move grants the exchange legal authorization to facilitate Bitcoin-related services in the country, including converting Bitcoin to fiat currencies, processing Bitcoin payments, and securely managing…
Bitcoin’s price momentum continues to shatter records, with the top crypto reaching a new all-time high. On Dec. 16, data from CryptoSlate showed that Bitcoin peaked at $106,488 during Asian trading hours before settling at $104,771 at the time of reporting. Bitcoin Price (Source: Tradingview) This milestone extends the flagship…
Mark Longo, known for his viral pet Peanut the Squirrel, has issued a “cease and desist” letter to Binance for the unauthorized use of his intellectual property. On Dec. 16, Longo took to his X account, Squirrel_Dad, to reveal his legal actions while alleging that Binance used images and stories…
CoinShares’ latest report showed that the crypto sector experienced $3.2 billion in inflow last week, extending its streak to 10 consecutive weeks of positive flows. This marks the longest streak of inflow this year. The inflow also brings total year-to-date flows to $44.5 billion, which is four times higher than any…
Ripple CTO David Schwartz has urged potential investors to avoid panic-driven purchases of the Ripple USD (RLUSD) stablecoin before its official launch. In a Dec. 15 post on X (formerly Twitter), Schwartz warned of a possible initial supply shortage, which could cause price fluctuations for the dollar-pegged asset. This caution…
US President-elect Donald Trump is reportedly considering an Executive Order to establish a Strategic Bitcoin Reserve (SBR), according to Satoshi Act Fund founder Dennis Porter. On Dec. 15, Porter shared on social media platform X (formerly Twitter) that Trump plans to use the Treasury’s Exchange Stabilization Fund (ESF) to implement…
The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting. Under the new rule, companies must measure their crypto holdings at fair value…
Perhaps unsurprisingly, the internet login system is essentially as old as the internet itself. In the 1960s and 1970s, as the first computer networks took shape, so too did the need for user authentication. ARPANET, the predecessor to today’s internet, implemented the first formal login systems when it began operations…
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. With US presidential elections concluded, Bitcoin has been hitting new all-time highs nearly on a weekly basis during November. Having reached almost $100,000 threshold on November 22nd, Bitcoin reinvigorated the altcoin market, now holding a…