beasrahc

@beasrahc

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275 Followers

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Just finished work and hitting the gym alone. Nothing beats this feeling.

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Can't wait to explore Monad testnet on @farcaster_xyz . Looking forward to trying out the mini apps soon. Count me in for updates in the /monad channel. #monad_xyz

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Today in crypto, the European Securities and Markets Authority (ESMA) has confirmed to Cointelegraph that the European Union’s Markets in Crypto-Assets Regulation (MiCA) does not explicitly ban non-compliant stablecoin custody and transfers, the US Senate voted to kill the IRS’ DeFi broker rule, and more than $1 billion worth of derivatives were liquidated on March 4 due to fears of a trade war

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“The alliance between Republicans and crypto is a matter of anti-establishment feeling, so they’re both agitating against the order,” Liao continued.

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This makes stablecoins ideal for laundering large sums of money without worrying about price fluctuations and makes tracking transactions harder due to faster shifts through mixers, crosschain bridges and DeFi protocols to obscure transaction origins and evade detection. This pivot shows a growing preference for more efficient financial tools in the evolving landscape of crypto crime.

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Stablecoins have grown into a $230-billion industry supporting use cases across both developed and emerging economies. As a standalone figure, the value of stablecoins in circulation is equivalent to more than 1% of the US money supply, according to Polygon’s $0.02timmy.

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The online brokerage has not yet set a launch date but aims to start rolling out services by late 2025, according to the report.

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“This milestone represents another step forward in the regulatory evolution of crypto derivatives in the United States, reinforcing the legitimacy and growing demand for digital assets,” according to Coinbase.

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US dollar services are back on Binance.US for US customers, including deposits and withdrawals via bank transfer (ACH), according to a Feb. 19 announcement from Binance.

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In October 2023, Binance.US updated its terms of service, stating that the exchange would no longer support USD. The exchange said it wanted to transform into a “crypto-only exchange” in June 2023.

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Bitcoin’s price action is raising concerns of possible market manipulation as the cryptocurrency continues trading in a tight range despite billions of dollars in institutional inflows.

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https://warpcast.com/cradac3/0x6c0d62c1

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Mullin told Cointelegraph that the license will allow Mantra to accelerate the building of regulatory-compliant financial products to enhance their existing ecosystem.

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The executives also commented on the significant improvement in crypto regulation under Donald Trump’s administration and a fresh, GOP-controlled Congress.

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Trump has already imposed a 10% tariff on Chinese imports while raising US taxes on foreign steel and aluminum. He also threatened a 25% tariff on products coming from bordering countries Canada and Mexico before delaying that decision until early March.

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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.

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The libertarian economist said that problems flowing from the token launch should only include the parties involved. “The state plays no role here,” Milei said.

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While Milei claims he has “nothing to hide” and acted in “good faith,” he acknowledged that he has “something to learn” from the ordeal, including the need to “start setting filters” on what conduct is appropriate and what isn’t.

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Norwegian authorities have charged four men with allegedly defrauding thousands of investors through a crypto investment scheme and laundering the illicit proceeds through a law firm’s accounts.

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The US Securities and Exchange Commission announced on Feb. 20 the formation of a new group to combat cyber misconduct, including fraud involving blockchain and crypto assets.

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