Key Points: The White House has officially withdrawn the nomination of Brian Quintenz to serve as chairman of the Commodity Futures Trading Commission (CFTC). The decision comes at a critical moment for U.S. financial regulation, particularly as debates over cryptocurrency oversight grow stronger. Quintenz, a former CFTC commissioner, was considered a strong candidate because of…
The cryptocurrency market is growing quickly, and regulators are becoming more cautious. Recently, financial authorities from France, Austria, and Italy released a joint statement urging the European Union to strengthen its oversight of crypto regulations. They explained that even though laws like MiCA are in place, investors still face risks because the rules are not…
China has introduced the world’s first regulated offshore yuan-linked stablecoin in Kazakhstan this month as part of its plan to use blockchain technology for cross-border trade. According to Yang Guang, the chief technology officer of Shanghai-based Conflux, which helped with the launch, the event may have seemed modest but could create a “butterfly effect” with…
The UK shouldn’t put off what may be the next financial revolution. Private stablecoins continue to divide banks globally, resulting in unclear regulatory frameworks. While some financial organizations question the need for stablecoins and warn of risks to the banking system, others view them as promoters for innovation. Regulators are being pressured to take immediate…
Key highlights: Right now, three big questions surround market structure legislation:Will Congress actually pass a bill? When could it happen? And how might a government shutdown impact the whole process? A shutdown could also slow down regulators’ rulemaking efforts outside of Congress, though this might not be a major problem unless the shutdown drags on…
September is usually a rough month for Bitcoin, often called “Red September” because prices tend to fall as big investors adjust their positions or react to global events. This year, though, Bitcoin stayed steady. Week 38 was shaky, with a 5% drop—its third-worst week of 2025—right as the third quarter ended. Even so, Q3 still…
Crypto holders now have a new method to enter the real estate market without selling their assets, thanks to a startup launching a Bitcoin-backed mortgage as home prices in Australia continue to rise faster than salaries. After battling with authorities in court for more than two years, Block Earner introduced the nation’s first Bitcoin-backed home…
Weekly Crypto Update: The largest virtual Bitcoin sale to date occurred when an early investor sold 80,000 BTC for nearly USD 9 billion. In the ever-evolving world of virtual currencies, the crypto market experienced both reversals and successes throughout the last week. The total value locked (TVL) in decentralized finance (DeFi) platforms reached an astounding…