Author: cointechies
Important points Ripple has received final approval from NYDFS for its RLUSD stablecoin, an important regulatory milestone. RLUSD is backed by U.S. dollar deposits, short-term U.S. Treasury securities, and other cash equivalents. Share this article Ripple has received final approval for its stablecoin RLUSD from the New York Department of Financial Services, as confirmed by Ripple CEO Brad Garlinghouse. This has just received final approval from… @NYDFS for $RLUSD! The list of exchanges and partners will be published soon – and a reminder: Once RLUSD is published, you will receive the following message: @ripple beginning. — Brad Garlinghouse (@bgarlinghouse) December…
Eric Trump Promises the ‘Most Pro-Crypto President’ in History The New York Times
Investing.com – Litecoin was trading at $107.077 on the Investing.com index by 15:17 (20:17 GMT) on Tuesday, down 12.20% on the day. This was the largest daily loss rate since December 9th. As a result of this decline, Litecoin's market capitalization fell to $8.065 billion (0.24% of the cryptocurrency market capitalization). Litecoin's market capitalization peaked at $25.69 billion. Litecoin was trading in a range of $101.479 to $114.725 in the past 24 hours. Over the past 7 days, Litecoin's value has declined by 16.59%. The volume of Litecoin traded in the 24 hours up to the time of this writing…
Bitcoin continues pullback from all-time highs, trading near $96,000: CNBC Crypto World CNBC
XRP and Dogecoin fall 10% as altcoins experience largest pullback in months Fortune
A report on Australia's fintech industry by consultancy KPMG says the number of local blockchain companies will decline by 14% in 2024, double the rate of decline for the broader fintech industry. KPMG attributes the decline of blockchain companies to the lingering effects of the 2022 cryptocurrency crash, the AI boom drawing capital away from blockchain, and high inflation creating a difficult financing environment. It is said that The report suggests that 2025 could be a better year for blockchain as a crypto-friendly administration takes office in the US, lowering interest rates and potentially freeing up more capital. suggests. 2024…
How ‘debanking’ became a top priority for tech’s right-wing elite NBC News
Important points Italy plans to lower its proposed crypto capital gains tax from 42%, citing industry backlash and political disagreements. An amendment has been proposed that would limit the tax increase to 28% instead of the originally planned 42%. Share this article The Italian government will scrap plans to increase taxes on crypto capital gains, Reuters reported on Tuesday. The Ministry of Finance had initially proposed raising the tax rate from 26% to 42% to support a range of socio-economic initiatives, but faced intense lobbying from industry and disagreement within the governing coalition. I've done it.Alliance party lawmaker Giulio Centemero…
Goldman Sachs CEO David Solomon says the company would consider becoming a spot market maker for Bitcoin (BTC) and Ethereum (ETH) if there is a major change in the U.S. regulatory environment. He said there is a possibility.Speaking at a Reuters Next event in New York, Solomon acknowledged that Goldman Sachs currently cannot hold cryptocurrencies due to existing regulations. He described cryptocurrencies as an “interesting technology” and noted that interest in cryptocurrencies is increasing as investors anticipate changes in the regulatory framework.Despite the company's continued efforts to help customers navigate the crypto space, Mr. Solomon expressed uncertainty about the future…
Solana (SOL) is holding firm at the key $209 support level as the recent bear market rally has failed to break below this level. After recent price movements, SOL's solid performance in this key zone has led to speculation that a rebound may be on the horizon. With market dynamics changing and technical indicators offering mixed signals, the question remains whether the bulls will take control and push SOL higher, or whether further declines will occur. Easing Bearish Pressure: Can Solana Bulls Intervene? Solana has experienced a notable reaction at the $209 support level, and this zone has proven important…