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In its latest annual report for 2024, China’s central bank, the People’s Bank of China (PBOC), has highlighted Hong Kong’s progressive approach to cryptocurrency licensing, signaling a growing recognition of the special administrative region as a global hub for digital asset regulation. The report comes at a time when global interest in cryptocurrency regulations is intensifying, with countries striving to …

The price of Solana (SOL) has come under increased scrutiny after a legal battle involving one of its co-founders, who is being sued for allegedly stealing millions of dollars in staking rewards. The lawsuit, which has sent shockwaves through the cryptocurrency community, has raised serious questions about the governance and transparency of the Solana blockchain, putting pressure on the project’s …

A New York judge has decided to delay the start of the highly anticipated trial between the U.S. Commodity Futures Trading Commission (CFTC) and Gemini Trust Company. The trial, which was set to address significant legal questions surrounding the regulation of cryptocurrency derivatives, will now begin at a later date, marking another chapter in the ongoing legal scrutiny of the …

In a major development that has caught the attention of the cryptocurrency market, Tether, the issuer of the world’s largest stablecoin by market capitalization, has moved $780 million worth of Bitcoin to its reserves. This transaction marks the largest movement of Bitcoin into Tether’s reserves since March and has sparked significant speculation about the company’s future plans and the stability …

MicroStrategy, the business intelligence firm led by Michael Saylor, has continued its aggressive Bitcoin acquisition strategy, adding 2,138 BTC to its holdings in a recent purchase. The move further solidifies the company’s position as the largest corporate holder of Bitcoin, with total holdings now surpassing 130,000 BTC. A Strategic Investment MicroStrategy’s latest acquisition of Bitcoin comes at a time when …