French teenagers are more likely to invest in crypto than older citizens in the country, a report has claimed. Franceinfo reported that 15% of French people aged 18-24 years have already taken the crypto plunge. This is much higher than the national average, the outlet claimed. Franceinfo wrote that 9% of French citizens are thought...
Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking a court directive for the regulatory authority to establish clear guidelines for the cryptocurrency sector. In the lawsuit detailed in their March 11 court submission, Coinbase challenged the SEC’s lack of formal rulemaking for the crypto sector, asserting that the agency’s actions...
Nexon, the South Korean video game developer, plans to launch a web3 version of MapleStory on the Avalanche blockchain, adding user-generated content and new gameplay mechanics. The official blog post by Avalanche detailed that this version, named MapleStory N, will enable players to design and share their own creations within the game. Set to be...
President Joe Biden has reignited the debate surrounding implementing a 30% tax on electricity used by crypto miners in a budget proposal for 2025. The proposal, outlined in a document titled “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals” by the U.S. Department of the Treasury, aims to address the current gap in regulations regarding...
Tether, the issuer of the world’s largest stablecoin, USDT, announced on March 11 the launch of its stablecoin on the Celo chain. In a statement, the stablecoin issuer said the expansion marks a major milestone for the firm and Celo. Tether Launches On Celo As of March 12, USDT is the largest stablecoin with a market...
Israel’s Central Bank unveiled plans on March 11 to launch an interest-bearing Central Bank Digital Currency (CBDC), dubbed the “digital shekel”. In a recent document, the Bank of Israel (BoI) outlined its proposal for the ‘digital shekel,’ highlighting key features such as wallet provision and bank payment services. Requirements for the ‘Digital Israeli Shekel’ The...
FOX Business analyst Eleanor Terrett opined on March 11 that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near. She noted the increasing influence of crypto advocacy groups like Coinbase’s “Stand With Crypto Alliance” which boasts over 310,000 members, as an example. In an interview with Tony Edward of Thinking Crypto,...
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission’s (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides” in remarks given on March 11. Hill Takes FDIC’s Regulatory Approach Speaking at the Mercatus Center at George Mason University, Hill particularly took issue...
U.S. cryptocurrency exchange Coinbase experienced technical issues on Tuesday for a few hours as Bitcoin surged to an all-time high of $69,000. On Wednesday Asia time Bitcoin was trading down 7% at $63,000. In response to these issues, Coinbase continued to update and reassure its users throughout the recent outage: “We are aware that some...
Bitcoin price is climbing over 4% to hit $66,300 during the Asian session on Wednesday. This surge reflects growing investor confidence and forecasts a bullish trend in the cryptocurrency market. As Bitcoin navigates through varying degrees of volatility, its price prediction becomes a focal point for traders eyeing the digital asset’s future potential. Amidst this...