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Home > News > Finance > Focus on stablecoin regulation—what does it mean for Tether? Currently, electronic money businesses and stablecoin issuers are regulated at the state level across the United States. However, US Treasury Under Secretary Nellie Liang recently expressed her view that this should change. Liang argued that all non-bank payment providers, including money transfer companies, e-money companies, and stablecoin issuers, should be regulated at the federal level. She argues that state regulations date back to the days of physical cash, when money transmitters did not hold funds for long periods of time, and that times have changed…

The U.S. Securities and Exchange Commission (SEC) case against Ripple faces new uncertainty, with the community questioning the deadline for federal agencies to file Form C for appeals.Form C is typically filed with a federal appellate court to notify the court and interested parties of a petition seeking review of an administrative agency decision. This is the first formal step in the appeals process and indicates your intention to file the actual petition within the required deadline.Over the past day, members of the XRP community have speculated that the SEC may have missed the Form C filing deadline, originally set…

As Bitcoin price approaches $68,000, on-chain indicators show that several favorable fundamentals are working in Bitcoin’s favor.Exchanges have less than 2.7 million BTC in Bitcoin reserves, the lowest on record, down from more than 3.3 million BTC about three years ago, according to data from CryptoQuant.But before we do that, there are a few caveats about the data. It is unclear how long ago Bitcoin reserves were at their current levels, as they only go back to mid-October 2021. The latest indicators available are from mid-September. CoinMarketCap research leader Alice Liu explained to Decrypt that this is a data-sharing industry…

Layer 1 chains like Cardano and Litecoin could deliver big gains to their holders in a bullish Q4, but the real money is coming from the Roll Block (RBLK) presale. See why tens of thousands of early adopters invested in this disruptive DeFi casino with 100x potential at low pre-sale prices. Cardano (ADA) founder plans to revamp chain with new roadmap Cardano recently evolved its on-chain governance with the long-awaited Chang hard fork and Blockchain Bill of Rights. Charles Hoskinson is scheduled to announce a new roadmap for ADA on October 19th, putting the spotlight back on the Cardano chain…

Analysts predict that potential approval of the Spotlight Coin ETF could increase institutional interest and push LTC’s price above $200. Litecoin open interest in the futures market rose to a three-month high, reflecting positive trader sentiment. Litecoin (LTC) has experienced a notable price increase, rising nearly 10% in seven days. The surge comes on the heels of heightened expectations surrounding asset manager Canary Capital’s possible application for a Spot Litecoin ETF. Additionally, cryptocurrency analysts expect LTC price to rise above $200. CNF reports that the asset management company has filed an S-1 application with the U.S. Securities and Exchange Commission…

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. (TSM) rose 9.6% in pre-market trading after third-quarter profit beat analysts’ expectations, sending the stock to a record high. TSMC posted a 54% profit increase and raised its full-year earnings outlook.TSMC makes chips for Nvidia (NVDA) and its rival Advanced Micro Devices (AMD), as well as Broadcom (AVGO) and many other technology companies. Nvidia shares rose 3% premarket on the news, AMD rose 2.7% and Broadcom rose 2.8%.Here are the results for TSMC:Adjusted earnings per share of NT$12.54 ($0.39) versus forecast of NT$11.55 ($0.36)Sales: NT$759.7 billion ($23.5 billion), forecast NT$751.1 billion ($23.3 billion)A…

Payments company Stripe is reportedly in advanced talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg.editorialThis content is selected, created, and edited by the Finextra editorial team based on community relevance and interest. After a six-year hiatus, Stripe returned to cryptocurrencies in April, allowing merchants to accept stablecoins for online payments. According to statistics released by the payments giant, individuals from over 70 countries used the stablecoin for online transactions within 24 hours of its launch.Bridge’s stablecoin-focused platform is designed to help businesses create, store, send, and receive stablecoins (Tether’s USDT and Circle’s USDC). The company raised…

According to a Chainalysis report on October 17, North America has once again claimed the top spot as the world’s most important cryptocurrency market due to increased institutional investor activity in the United States.From July 2023 to June 2024, $1.3 trillion of on-chain value will be created in North America, representing 22.5% of the global total. Chainalysis believes this advantage is due to increased institutional investor activity, particularly in the US, where large transactions of over $1 million account for 70% of crypto remittances in the region. .Advantage of US cryptocurrencies (Source: Chainaracy)While the United States leads the North American…

Today, Bloomberg reported, citing sources, that payments company Stripe is in talks to acquire B2B stablecoin technology company Bridge. When we recently wrote about Stripe resuming accepting stablecoins for merchants, as one of the companies building the infrastructure to enable the use of stablecoins for mainstream payments You mentioned Bridge. The company officially launched in August after two and a half years of development and raised $58 million in funding from Sequoia, Ribbit, Index, Haun Ventures and others. Until now, stablecoins have been primarily used in the cryptocurrency world and by people living in regions with unstable local currencies. Some…

Meme coins such as Dogecoin and Bonk have seen significant price increases. The recent rise in Bitcoin is causing a surge in meme coins. The continued growth of meme coins depends on avoiding excessive FOMO. This week, meme coins such as Dogecoin (DOGE) and Bonk have been attracting attention due to their significant price increases. These speculative assets are gaining momentum as investors look to take advantage of Bitcoin’s recent surge towards $70,000. Santiment noted that altcoins are poised to sustain growth unless crowd FOMO gets in the way. Bitcoin remains a major driver of the crypto market, influencing price…