The traditional banking sector can no longer ignore the growing interest in the cryptocurrency world. UniCredit’s new product, which is linked to BlackRock’s IBIT fund, provides a solution for institutional investors in Europe to access Bitcoin through secure channels. The success of IBIT, which manages over $73 billion in assets, is increasing the demand for […]
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The Smarter Web Company, a company listed on the Aquis Exchange, has solidified its position as the largest corporate Bitcoin holder in the UK by acquiring additional Bitcoin at an average price of $107,126 per BTC. The company, which adopted a Bitcoin treasury strategy in April, is now ranked 36th among 135 publicly-traded firms with […]
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Circle Internet Group, the world’s second-largest stablecoin issuer, is making a significant move in the crypto industry. With a license from the Office of the Comptroller of the Currency (OCC), the company will gain some of the powers traditionally held by conventional banks. This step comes in the wake of Circle’s record-breaking public offering in […]
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The United States Supreme Court has refused to take up a case challenging the Internal Revenue Service’s (IRS) demand for Coinbase users’ financial data. This decision means that the lower court rulings, which sided with the government’s ability to access this information without the users’ consent, will stand. This is a significant development in the […]
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Circle’s USDC stablecoin is positioned to dominate the rapidly growing stablecoin market, according to a report from leading research firm Bernstein. Analysts highlight USDC’s regulatory advantages and strong liquidity position, predicting that Circle’s stock has the potential to surge 28% from its current $180 level. The report emphasizes Circle’s role as a cornerstone of the […]
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Chainlink, the decentralized oracle network provider, has unveiled its Automated Compliance Engine (ACE), which aims to facilitate the integration of over $100 trillion in corporate capital into the blockchain-based economy. The new standard aims to enable institutions to securely invest in digital assets while meeting regulatory requirements.
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The XRP Ledger ecosystem has taken a significant step forward by officially launching support for the Ethereum Virtual Machine (EVM). Developed through a collaboration between Ripple, Peersyst, and Axelar, this project combines the low-cost transaction infrastructure of the XRP Ledger with the smart contract capabilities of Ethereum. This integration creates a hybrid platform that is […]
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