#cryptocurrencies

The U.S. digital asset market is on the verge of major changes. The Commodity Futures Trading Commission (CFTC) could take over as the primary regulator for cryptocurrencies, potentially replacing the Securities and Exchange Commission (SEC).

WhiteBIT, Europe’s largest cryptocurrency exchange, has unveiled Auto-Invest, a feature that takes the hassle out of buying cryptocurrencies by automating the process entirely.

Nepal’s Financial Intelligence Unit (FIU), tasked with countering financial crimes, money laundering, and terrorist financing, has flagged cryptocurrencies as a key instrument in criminal activities.

The Ethereum Foundation has published a financial report detailing its assets, which amount to nearly $970 million. Of this, $788.7 million is held in cryptocurrencies, with ETH constituting 99.45% of the portfolio. Approximately $181.5 million is invested in conventional assets and cash reserves.

Estimates suggest that 15-19 million Iranians, or around 15-20% of the population, use cryptocurrencies. They trade digital assets on various local platforms. There are approximately 90 such platforms in the country, though only ten are centralized.

Finance Minister Abdolnaser Hemmati has called for clear regulations on cryptocurrencies, emphasizing legalization over prohibition. New financial legislation could play a crucial role in this transformation.

11 years ago, on December 6, Dogecoin (DOGE) was launched as the first memecoin. Today, DOGE celebrates its birthday in a strong position as the largest memecoin and one of the most valuable cryptocurrencies by market cap.

Binance, a leading crypto exchange by trading volume, announced the launch of a new asset, BFUSD. The news has been actively shared on social media, with many users on X assuming BFUSD is a stablecoin.

Blockchain-based and stablecoin-focused payments platform BVNK aims for a new funding round. According to Bloomberg, the startup, which is backed by Tiger Global Management, is in talks with potential buyers to raise at least $50M.

Detroit is gearing up to become the largest U.S. city to accept cryptocurrencies for tax and city fee payments.

Several DeFi sector cryptocurrencies posted daily gains exceeding 20% after Donald Trump appeared as the clear winner of the U.S. presidential election on November 6. Investors are optimistic that the new White House administration will foster a more favorable climate between regulators and the crypto industry.

On October 21, 2024, the Avalanche L1 blockchain team announced the launch of their crypto card in collaboration with Visa. This card allows users to pay for virtually any goods and services using cryptocurrencies like WAVAX (Wrapped AVAX), USDC (USD Coin), sAVAX (Staked AVAX), and several others.