Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.  Tether marked its first 10 years amid a considerable expansion in its user base. According to the stablecoin issuer, it had 350 million users on Oct. 7, an...Continue Reading

According to the latest Polymarket election odds, Kamala Harris has a 45.9% chance of securing the Oval Office in the Nov. 5 presidential election. Records from the Federal Election Commission (FEC) revealed that Ripple co-founder and executive chairman Chris Larsen contributed 1,754,815.29 XRP (XRP), valued at $1 million at the time of the donation, to...Continue Reading

The crypto market is recovering from this week’s brutal sell-off, and analysts say 3 key metrics suggest an altcoin season could be on the way. According to crypto traders, many altcoins are currently displaying some “bullish patterns” that, if they play out as expected, could soon see the market enter an “up-only season. ”  “Altcoin...Continue Reading

The Singapore-based exchange will officially shutter on Nov. 30, 2024. Singapore-based cryptocurrency exchange Fairdesk recently announced that it will shut down all services on Nov. 30, 2024.  The announcement came via a social media post on the X.com platform and was followed up by a press release.  Fairdesk announces its impending closure on X.com. Source:...Continue Reading

Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels. Bitcoin (BTC) recovered sharply and is nearing $62,500 on Oct. 11, indicating aggressive buying at lower levels.  However, analysts are divided about the next directional move for Bitcoin. During a panel discussion at the Permissionless conference, 10T Holdings founder...Continue Reading

The new bill is a refinement of Rep. Patrick McHenry’s 2023 bill, which has bipartisan support. United States Senator Bill Hagerty is building on House member Patrick McHenry’s stablecoin legislation. Hagerty has released a discussion draft of the Clarity for Payment Stablecoins Act of 2024, with a few refinements of McHenry’s 2023 bill of the...Continue Reading

The World Economic Forum has urged policymakers to adopt sandbox-based frameworks to enhance regulatory clarity for DeFi innovations and address key risks. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This week, the World Economic...Continue Reading

The trustee overseeing Mt. Gox assets has extended the deadline for creditors’ restitution to October 2025 as over 44,900 BTC remains unpaid. Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025.  According to an official announcement, “many...Continue Reading

Tesla’s failure to demonstrate progress in the field of autonomous vehicles appears to be making investors skittish.  Tesla’s big technology showcase appears to have missed the mark after an underwhelming series of announcements and reveals at the company’s Oct. 10 “We, Robot” event in Hollywood, California.  The company’s stocks have taken a nearly 8% hit...Continue Reading

71 Democrats joined their Republican colleagues in a rare bipartisan effort to repeal the SEC’s SAB-121 guidelines earlier this year. Congressman John Curtis — a United States representative for the state of Utah — took the stage at Permissionless III with Utah Senator Mike Lee to discuss the future of digital asset policy in the...Continue Reading