a sort of electronic or virtual money It functions as regular money, such as dollars, pounds, euros, yen, and so on. However, it has no physical counterparts — banknotes or coins that can be carried about — and hence exists only in electronic form.
A recent survey by the Federal Deposit Insurance Corporation (FDIC) reveals that in 2023, cryptocurrency usage was significantly more prevalent among underbanked households compared to fully banked households in the U.S. The FDIC's report published on November 12 surveyed approximately 60,000 households and found that 6.2% of underbanked households—those with ...
A recent study by Crypto ISAC indicates that despite the widespread belief that cryptocurrencies are the primary tool for unlawful transactions, cash remains the top choice for criminals involved in illicit finance. Unlike blockchain transactions, which leave an immutable trail, cash transactions are more complex to trace due to the ...
Gemini has announced its withdrawal from the Canadian market, giving users until December 31, 2024, to withdraw their funds. This decision comes in response to increasingly stringent regulatory requirements imposed by Canadian financial authorities aimed at enhancing oversight of crypto exchanges and protecting investors. The U.S. headquartered crypto exchange informed ...
Taiwan's Financial Supervisory Commission (FSC) has approved professional investors to utilize local brokers to access foreign crypto exchange-traded funds, according to a press release on September 30, 2024. The latest policy revision allows professional investors to invest in foreign virtual asset ETFs by delegating their investment decisions or management to ...
Vice President Kamala Harris made her first public statement about cryptocurrency while recently campaigning for the U.S. presidency at a Wall Street fundraiser in Manhattan since becoming the Democratic Party's top presidential candidate. According to a report by Bloomberg on September 23, 2024, Vice President Kamala Harris has pledged to ...
Millions of potential Australian crypto investors are currently "sitting on the sidelines," waiting for more straightforward regulations around the market, according to a new report from local crypto exchange Swyftx. The report, based on a survey of 2,229 adult Australians, provides insights into the current state of crypto adoption and ...
A significant shift is occurring in the U.S. political landscape, with cryptocurrency emerging as a crucial campaign issue for the first time in a presidential election, according to Gemini's latest "Global State of Crypto" report released today, September 10, 2024. The report is based on a survey of a random ...
Binance Futures, a division of the crypto exchange, has announced a significant expansion of its offerings. The company is launching a new product based on Ethereum staking pool Rocket Pool's native token, RPL, today, September 9, 2024, by 12:30 UTC. The new USDT-margined RPL perpetual contract will offer leverage of ...
The US Securities and Exchange Commission (SEC) appears determined to maintain its position on a rule limiting crypto custody services for regulated financial firms. In an X post on September 10, 2024, ETF Store President Nate Geraci stated that the SEC "appears to be firmly committed" to SAB 121. "They ...
Crypto.com has launched new global retail services in partnership with Standard Chartered Bank. According to a recent press release by the Singapore-based crypto exchange, the new services will allow users in over 90 countries to deposit and withdraw US dollars, euros, and United Arab Emirates dirhams through the Crypto.com app. ...
