Banks are struggling to meet growing institutional demand for Bitcoin due to restrictive capital requirements that make holding the cryptocurrency on balance sheets economically unviable.
The post Banks Stifled by ‘Punitive’ Capital Rules Amid Rising Bitcoin Demand appeared first on Cryptonews. …
Category: Cryptocurrencies
Tether’s USDT Launches on Kaia Blockchain, Expands Stablecoin Adoption in Asia
USDT will be integrated into Japanese messaging app LINE’s Mini Dapp platform and self-custodial wallet.
The post Tether’s USDT Launches on Kaia Blockchain, Expands Stablecoin Adoption in Asia appeared first on Cryptonews. …
Senate Democrats Target Trump Family in New Bill Banning Crypto Issuance by Officials
Senate Democrats have introduced new legislation aimed at curbing financial gains by federal official, including former President Donald Trump and his family, through cryptocurrency ventures.
The post Senate Democrats Target Trump Family in New Bill Banning Crypto Issuance by Officials appeared first on Cryptonews. …
Veteran Trish Turner Takes IRS Crypto Helm as Musk’s DOGE Cuts Decimate Agency
IRS has promoted 18-year veteran Trish Turner to lead the Digital Assets Office, marking continuity for crypto oversight as the agency loses advisers Sulolit “Raj” Mukherjee and Seth Wilks. Their departures reflect DOGE budget cuts that have already reduced tax auditor ranks by a third.
The post Veteran Trish Turner Takes IRS Crypto Helm as Musk’s DOGE Cuts Decimate Agency appeared first on Cryptonews. …
BVNK Lands Visa Backing for $12B Stablecoin Expansion in U.S. Payments
BVNK, a UK stablecoin infrastructure firm processing $12 billion, has secured investment from Visa and is opening offices in San Francisco and New York. The tie-up lets banks, fintechs and merchants settle domestic and cross-border transactions in stablecoins over Visa’s network.
The post BVNK Lands Visa Backing for $12B Stablecoin Expansion in U.S. Payments appeared first on Cryptonews. …
South Korean Presidential Frontrunner Pledges to Cut Crypto Transaction Fees
Lee Jae-myung, the frontrunner in the upcoming South Korean presidential elections, has promised to cut crypto transaction fees and approve Bitcoin spot ETFs if he wins June 3’s poll.
The post South Korean Presidential Frontrunner Pledges to Cut Crypto Transaction Fees appeared first on Cryptonews. …
Bitwise Submits First-Ever NEAR ETF Application to SEC
Bitwise has filed for a spot NEAR ETF with the SEC, marking a milestone for altcoins and showing growing investor interest in regulated crypto products.
The post Bitwise Submits First-Ever NEAR ETF Application to SEC appeared first on Cryptonews. …
TRUMP Coin Price Prediction: Why May 22 Could Trigger a 10x Rally (Or Total Collapse)
TRUMP Coin (TRUMP) price predictions are mixed in the short-term, but a major event on May 22 could trigger a massive rally in the meme coin’s price.
The post TRUMP Coin Price Prediction: Why May 22 Could Trigger a 10x Rally (Or Total Collapse) appeared first on Cryptonews. …
Hong Kong’s Crypto Power Play: SFC Lifts Staking Ban and Forges UAE Alliance
Hong Kong’s SFC has reinforced its strategy for regulated digital finance by meeting UAE regulators to align rules for virtual assets. Following the talks, the SFC has permitted licensed platforms to run staking programs, demanding full custody of client assets and disclosures on lockups, fees, and risks.
The post Hong Kong’s Crypto Power Play: SFC Lifts Staking Ban and Forges UAE Alliance appeared first on Cryptonews. …
Alchemy Gives World’s Mini App Ecosystem a US Boost
Blockchain developer platform Alchemy has launched a new program to incentivize the development of Mini Apps on World, the financial and identity network co-founded by OpenAI’s Sam Altman, specifically in the US.
The post Alchemy Gives World’s Mini App Ecosystem a US Boost appeared first on Cryptonews. …