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Historic Day For Hong Kong: Stablecoin Bill Receives Legislative Approval

Historic Day For Hong Kong: Stablecoin Bill Receives Legislative Approval

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Hong Kong’s Legislative Council has passed the long-anticipated Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (FRS) issuers. This legislative move, announced by the Hong Kong government on May 21, aims to strengthen regulatory oversight on virtual asset activities, fostering both […]

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Michigan Lawmakers Introduce Four New Bills Targeting Crypto Regulation

Michigan Lawmakers Introduce Four New Bills Targeting Crypto Regulation

Key Takeaways: Michigan introduced four new bills aimed at defining crypto policy and limiting federal control over digital assets. One bill would allow public pension funds to invest in Bitcoin through regulated exchange-traded products. Another bill proposes a state-level ban on supporting or promoting a U.S. central bank digital currency. Michigan lawmakers introduced four new

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Texas Moves to Adopt Bitcoin Reserve, Needs Final Sign-Off to Become Law

Texas Moves to Adopt Bitcoin Reserve, Needs Final Sign-Off to Become Law

In brief Texas is seeking to become the second U.S. state to formally adopt a Bitcoin reserve. The bipartisan bill has passed all legislative hurdles, barring a final concurrence vote. Lawmakers voted 101-42, reflecting a strong but not unanimous bipartisan support. The Texas House of Representatives has passed landmark legislation seeking to establish a Bitcoin

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Crypto.com Secures MiFID License to Expand Services Across Europe

Crypto.com Secures MiFID License to Expand Services Across Europe

Crypto.com has secured a MiFID license via its acquisition of Allnew Investments Ltd., paving the way for broader financial services offerings, including securities and derivatives across Europe. Crypto.com Moves Deeper Into Regulated Financial Services With MiFID License Crypto.com has officially entered the European traditional finance arena after securing a MiFID (Markets in Financial Instruments Directive)

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Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims 9K

Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este

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Bitcoin Hits 1K, but This Rally Is Extremely Weird

Bitcoin Hits $111K, but This Rally Is Extremely Weird

A muted rally  Massive ETF inflows  Bitcoin, the leading cryptocurrency by market cap, surged to a new record high of $111,888 on the Bitstamp exchange earlier today.  The leading cryptocurrency is now up by more than 8% over the past 24 hours.  Bitcoin’s market cap is now approaching $2.2 trillion, surpassing Amazon.  You Might Also

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Hyperliquid Hits Record .9B Open Interest as Bitcoin Surges Past 1K

Hyperliquid Hits Record $8.9B Open Interest as Bitcoin Surges Past $111K

Decentralized trading platform Hyperliquid hit a new milestone Thursday, with open interest climbing to a record $8.9b. The platform also posted $5.4m in 24-hour trading fees and reported a USDC total value locked of $3.2b, reflecting heightened activity across its markets. It comes as Bitcoin hit a fresh all-time high, surging past $111,000 in early

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A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything

A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United States Senate made a significant move toward regulating the crypto asset industry this week by advancing the GENIUS Act, a bill aimed at establishing a comprehensive framework for stablecoins. The measure passed the cloture vote with bipartisan support, including a

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Bitcoin price surpasses $111K for first time; institutional demand strong

Bitcoin surged to an unprecedented high on Thursday, breaching the $111,000 mark for the first time as a confluence of factors, including growing institutional demand and positive regulatory signals from the US, fueled a wave of bullish sentiment across the cryptocurrency market. The world’s original cryptocurrency climbed as much as 3.3% on Thursday to achieve

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Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins

Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins

In brief The ordinance mandates licenses for fiat-referenced stablecoin (FRS) issuers under the HKMA Issuers must meet reserve, redemption, AML, and risk management standards It comes as the U.S. Senate advances its own stablecoin framework Hong Kong passed legislation on Wednesday creating a licensing regime for fiat-referenced stablecoins, advancing its goal of becoming a digital

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