Analysis
Stablecoins
Tether mints $1B new non-circulating USDT to ‘replenish inventory’
Tether CEO Paolo Ardoino shared on social media that the minting was "an authorized but not issued transaction," meaning the tokens remain out of circulation for now.
Regulation
Indian central bank says there is no ‘upside’ to legalizing crypto
RBI reinforces its stance against cryptocurrency integration in the Indian financial system.
Election 2024
Political donations from crypto industry surge ahead of 2024 elections
With eyes on upcoming elections, crypto companies have increased political funding in an effort to sway regulation debates.
Crypto
Chainlink co-founder says Bitcoin ETFs will fuel mass institutional adoption
The onset of Bitcoin ETFs could signify a transformative era for traditional banking and DeFi, notes Chainlink's Nazarov.
Regulation
SEC sets strict year-end deadline for final changes to spot Bitcoin ETFs, confirms first wave of approvals to come in January
SEC officials said in a recent meeting with the issuers that any firm missing the deadline will not be included in the initial wave of potential approvals slated for early January 2024.
Mining
Bitcoin mining difficulty hits all-time high after surging over 6%
Bitcoin mining difficulty reaches unprecedented high, reflecting robust network growth and upcoming halving challenges.
Adoption
Nigeria ends years-long restrictions on crypto transactions
Under the new guidelines, financial institutions are now allowed to open accounts for businesses dealing in virtual/digital assets.
Gaming
Chinese regulators aim to disconnect gaming tokens from real-world currency
New proposed rules from Chinese authorities would prevent the conversion of gaming tokens into fiat, effectively barring them from the real economy.
Adoption
Paxos secures New York regulatory approval to expand USDP stablecoin to Solana
With DFS's blessing, Paxos aims to boost stablecoin utility on Solana's high-throughput network.
Legal
BarnBridge DAO reaches $1.7M settlement with SEC over unregistered crypto bonds
The settlement includes a cease and desist clause preventing further sales of the crypto securities.
Adoption
Argentina legalizes Bitcoin for contract settlements
Argentina's new economic decree legitimizes cryptocurrency for commercial transactions.
Technology
Ethereum’s Dencun upgrade set for 2024 testnet launch
The Dencun upgrade's first testnet phase is tentatively scheduled for January, marking Ethereum's latest stride towards scalability.