Dubai regulator tightens rules on crypto marketing
VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.
VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.
A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
“Operation AI Comply” is part of the US federal agency’s latest round of enforcement actions against companies it claims used AI to harm consumers.
According to BlockBeats, data from CME's 'FedWatch' tool on September 25 indicates that there is a 39.7% probability of a 25 basis point rate cut by the Federal Reserve in November. Additionally, there is a 60.3% probability of a 50 basis point rate cut.
According to PANews, stablecoin research firm Bluechip has revealed on the X platform that for every 50 basis points the Federal Reserve cuts interest rates, Tether's annual revenue decreases by $488 million, while Circle's annual revenue drops by $144 million. As the Federal Reserve lowers interest rates, the income stablecoin issuers earn from U.S. Treasury bonds declines, potentially forcing them to seek higher-risk investments to offset the revenue loss.Additionally, Bluechip shared a screenshot indicating that as of September 22, Circle and Tether collectively hold over $125 billion in U.S. Treasury bonds.
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.
Terraform Labs plans to shut down several services by Oct. 30 unless third parties step in, following a wind-down after its SEC settlement in June.
The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
Telegram users in the United States are also restricted from using the Wallet in Telegram app due to financial regulations.