Coindesk

SBI VC Trade, a subsidiary of financial giant SBI Holdings, has secured regulatory approval as an Electronic Payments Provider in Japan.The regulatory approval, granted under the Japan Financial Services Agency’s (JFSA) new framework, allows the exchange to offer stablecoins, making it the first in the country to list and distribute USDC."USDC becomes the first and only global dollar stablecoin to become approved for use in Japan," wrote Circle CEO Jeremy Allaire.In Japan, regulatory changes in 2023 cleared the way for licensed intermediaries to handle foreign stablecoins, subject to oversight.Source link

The United States is undisputedly the leader of global innovation. From technology, to agriculture, to finance, we stand alone.We have retained this position not because we force innovators to adopt our values, but because we allow entrepreneurs, who hold these values, to build in the United States free from government interference and excessive regulations. These aren’t Republican or Democrat ideals – they’re American ones.Nowhere is this more apparent than in cryptocurrency. Cryptocurrency empowers individuals to take ownership of their financial futures. It enables economic freedom, ensuring that all Americans – regardless of their background – have access to the tools they need to be successful. Crypto has the potential to shift the power from the centralized institutions that control much...

One might think that virtually all Bitcoiners would be thrilled about the notion of the U.S. government acquiring BTC (and perhaps a basket of other cryptoassets) and effectively ratifying it as a global asset of consequence. However, I count myself among the few holdouts who don’t see the development as positive for either Bitcoin or the U.S. government itself. Here’s eight reasons why I don’t support the policy.What is easily done is easily undoneIf Bitcoiners want a reserve to last, they should want Trump to seek Congressional authorization for a purchase (as is customary for any large outlay). If it is done solely by executive fiat, the next administration will not feel bound by the policy and could trivially reverse...

An ether (ETH) position worth more than $126 million came within 4% of being liquidated amid a crypto market plunge on Tuesday.ETH has now retraced more than the entirety of Sunday's rally, shedding 22% of its value in the past 48 hours as it trades at $2,080.A fortuitous bounce at $2,000 protected Ethereum's decentralized finance (DeFi) ecosystem from a series of liquidations on collateralized debt platform MakerDAO.The first level sat at $1,929 with another two positions set to be liquidated at $1,844 and $1,796. The combined value of all three positions is $349 million.Price action is often drawn to liquidations levels as trading firms target areas of supply. When a liquidation is triggered on MakerDAO, the ETH pledged as collateral...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2684.39, down 3.9% (-109.08) since 4 p.m. ET on Monday.Two of 20 assets are trading higher.Leaders: HBAR (+4.2%) and AAVE (+1.3%).Laggards: SUI (-11.0%) and DOT (-8.2%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link