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Coinbase’s Brian Armstrong agreed, stating, “Just Bitcoin would probably be the best option,” pointing to it being the simplest cryptocurrency and a clear successor to gold.
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Winklevoss said while he has nothing against many of these coins, he doesn’t believe they’re suitable to be a US reserve asset.
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The CEOs behind crypto exchanges Coinbase and Gemini argue that Bitcoin may be the only cryptocurrency that meets the criteria for being a US reserve asset.
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The rise of memecoin-related scams presents significant regulatory challenges, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.
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Trump’s intention to pick Quintenz as the next head of the CFTC was first revealed in a Feb. 12 Bloomberg report, with Quintenz subsequently confirming his nomination on X.
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The account shared a link to a website showing an interface for an AMM with Pump.fun’s branding that notes the feature is in beta.
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“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” opposition lawmaker Leandro Santoro told Reuters, according to a Feb. 16 report.
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Eric Chase Saavedra, 41, a former LASD deputy and task force officer, misused law enforcement resources to aid Iza’s illegal activities.
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The Department of Justice announced the plea agreements on Jan. 17, stating that Adam Iza, 24, who dubbed himself the “crypto godfather,” founder of the Zort crypto trading platform, orchestrated a scheme involving intimidation, extortion, and fraud.
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Phishing attacks were the most costly attack vector for the crypto industry in 2024, netting attackers over $1 billion worth of stolen digital assets across 296 incidents, according to CertiK’s annual Web3 security report published on Jan. 2.
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However, in each cycle, the supercycle narrative was not fulfilled ending in a price crash that wiped out proponents as it entered a prolonged bear market.
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In the 2020-2021 cycle, when tech companies such as MicroStrategy, Square and Tesla entered the Bitcoin market, they believed many tech-related companies would follow suit.
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In the 2017-2018 cycle, the rapid price appreciation was thought to be a sign of mainstream financial adoption and the beginning of Bitcoin’s mainstream acceptance, where institutional interest would thrive.
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Tether said it will continue to support new projects offering MiCA-compliant stablecoins, including EURq and USDq stablecoins by the Dutch fintech company Quantoz Payments.
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According to a translation of a statement released on Dec. 2, a basic agreement between the two companies has been made for SBI to accept the transfer of all accounts and deposit assets.
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The crypto exchange is ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March, Nikkei Asia first reported on Dec. 2.
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Japanese cryptocurrency exchange DMM Bitcoin is prepping to liquidate after losing $320 million in Bitcoin in a private key hack in May from which the company has failed to recover.
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YouTube alternative Rumble, Tech solution provider Semler Scientific and Artificial intelligence firm Genius Group also took steps to buy Bitcoin in November.
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Michael Saylor’s MicroStrategy reported a substantial expansion of its Bitcoin holdings in a filing on Nov. 25, buying an additional 55,000 Bitcoin.
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A growing list of other firms have been adding Bitcoin to their balance sheets this year or increasing existing holdings.
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