CRYPTO

Authored by Bradley Peak via CoinTelegraph.com,

Is Tether MiCA compliant?

The EU’s new Markets in Crypto-Assets regulation, better known as MiCA, is the first major attempt by a global economic power to create clear, region-wide rules for the crypto space, and stablecoins are a big focus.

MiCA mandates best practices. If a stablecoin (more…)

Today, May 22, is a special day for cryptocurrencies.

It's Bitcoin Pizza Day… and the cryptocurrency is making new record highs…

Fifteen years ago, programmer Laszlo Hanyecz made the first documented purchase of goods using Bitcoin, paying 10,000 BTC for two Papa John’s pizzas.

Today, that same order is worth over $1.1 billion – almost the same as the entire market cap of Papa John's!!

“What was once considered a highly speculative risk has evolved into a serious asset class,” said Ulli Spankowski, chief digital officer at Boerse Stuttgart Group.

As CoinDesk reports, Hanyecz has long shrugged off the missed fortune” tag, telling CBS in 2019 that the transaction made bitcoin “real” to him.

He mined the coins back when BTC was under a penny, and few could have predicted the multi-trillion-dollar asset it would become.

And as the world celebrates, bitcoin rallied up near $112,000 overnight – a new record high…

Source: Bloomberg

With flows into BTC ETFs resurgent in recent weeks…

Source: Bloomberg

And that move has pushed the largest cryptocurrency's market cap above that of Amazon…

Source: companiesmarketcap.com,

Market data shows that Bitcoin had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation.

Obchakevich said the latest rally “will strengthen confidence (more…)

The GENIUS Act moved through a procedural vote on Monday (66-32), and has just passed its latest hurdle (69-31) allowing Senate Republican leaders to bring the legislation to the floor for debate and a final vote, as soon as this week

A challenging amendment pricess awaits as the Senate bill, if passed, would need to be reconciled with a version approved by the House Financial Services Committee, and then both chambers of Congress must agree on a single bill before (more…)