Tether, the world’s largest stablecoin issuer, has reportedly initiated engagement with a “Big Four accounting firm” to audit the reserves of its fiat-pegged token. Paolo Ardoino, Tether’s CEO, shared this update with Reuters as the circulating supply of USDT currently stands at 143.46 billion. Tether Listens toTrump’s ASAP Stablecoin Mandate in Pursuit of Big Four […]
The Office of the Comptroller of the Currency (OCC) is creating more ways for banks to get involved with crypto, treating it more like traditional finance. They're offering clearer guidance to banks that want to offer crypto services, requiring them to manage crypto risks like they would with regular assets. "The publication that has attracted…
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Crypto skeptics and advocates went head-to-head in a legal debate that sought to determine the SEC’s role in crypto regulation. First-Ever SEC Crypto Roundtable Ignites Passionate Discussions on Regulation The U.S. Securities and Exchange Commission (SEC) hosted its first-ever crypto roundtable on Friday, pitting critics and proponents of digital assets in a sometimes-contentious debate focused […]
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A Polymarket wager amassing $54,666 in trading volume suggests an 87% likelihood that a spot XRP exchange-traded fund (ETF) will secure regulatory approval by 2025. XRP ETF Mania Hits 87% Confidence: Polymarket Traders Bet Big on 2025 Approval In January 2024, the U.S. Securities and Exchange Commission (SEC) cleared the way for multiple spot bitcoin […]
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Cathie Wood, founder of the Ark Invest investment firm, will give the inaugural lecture for El Salvador’s new Urban Centers for Welfare and Opportunities (CUBO) AI program, a public education initiative spearheaded by the government of El Salvador.According to El Salvador’s Bitcoin Office, the program will bring university-level AI courses to students and professionals and follows the country’s highly successful CUBO Bitcoin (BTC) and Lightning Network developer program.The program will leverage industry experts to provide AI education to the public. El Salvador’s Bitcoin Office wrote in a March 23 X post:”As El Salvador turbocharges its transformation into the ultimate tech and financial powerhouse of the region, CUBO AI will arm students and professionals in the country with the tools to dominate the AI frontier.”El Salvador continues to attract crypto businesses and foreign direct investment as the Central American country positions itself as a regional tech and digital finance hub.Cathie Wood pictured left, with El Salvador’s President Nayib Bukele in the center, and economist Art Laffer, on the right, meet in May 2024. Source: El Salvador’s Bitcoin OfficeRelated: El Salvador acquired over 13 BTC since March 1, despite IMF dealEl Salvador becoming a regional tech hub amid education and investment pushEl Salvador has taken several steps to establish itself as a regional hub for innovation, including integrating Bitcoin classes into public education, leveraging geothermal energy to mine BTC, and passing pro-crypto and AI policies.Cathie Wood met with El Salvador’s President Nayib Bukele in May 2024 to discuss the future of digital assets and AI policy in the Central American country, including potential education initiatives tailored by Ark Invest.Wood left the meeting confident that El Salvador could increase its gross domestic product (GDP) tenfold over the next five years if it continues pursuing its tech-focused agenda.”The President could scale El Salvador’s GDP 10-fold during his next 5-year term,” Wood wrote in a May 2024 X post and praised Bukele as forward-thinking.Bukele also met with Elon Musk in September 2024 to discuss artificial intelligence and other 21st-century technologies, including crypto.Musk likewise praised Bukele as “an amazing leader,” and the two continue to build rapport that could potentially lead to collaboration between the businessman and the government of El Salvador.Magazine: El Salvador’s national Bitcoin chief has been orange-pilling Argentina
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In a recent social media post, economist Peter Schiff critiques the Trump administration’s characterization of the U.S. as the “world’s best customer,” arguing that this perspective misrepresents the global economic relationship. Schiff asserts that while demand is unlimited, the resources to satisfy that demand are scarce, emphasizing that supply, not demand, is the limiting factor […]
