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Showing posts with the label regulations

Dogecoin: Investment of $5,000 Turns $1 Million Today

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The OG meme cryptocurrency Dogecoin (DOGE) has emerged as one of the most popular assets this year. From garnering endorsements from the world’s richest man to climbing up the cryptocurrency ladder, DOGE has seen it all. Despite all the adoration that the meme coin gets, the asset has failed to reach the $1 mark. This, however, did not stop investors from becoming millionaires. Also Read: Citi Predicts Gold Prices Could Hit $3,000 in 3 Months Analyzing Dogecoin’s Current Market Source: Bitpanda Dogecoin entered the market as a mere meme. But its price growth was no joke. The asset has grown by 44982.41% since its introduction. Back on February 7, 2014, the meme coin was trading at a low of $0.00130. Following a massive uptick, DOGE rose to an all-time high of $0.7376 in May of 2021. Despite garnering an annual growth of 220%, Dogecoin continues to remain far from its peak. At press time, the asset was priced at $0.252 after enduring a 4.42% drop over the past 24 hours. Sourc...

Robinhood CEO Says Tokenization May Be Key to US Dominance

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Throughout the year so far, the rise of digital assets has shown a notable shift in the financial markets. However, this is not expected to be limited to just cryptocurrencies. Indeed, Robinhood CEO Vlad Tenev has recently said that tokenization may be critical to the United States’ continued financial dominance. In a recent opinion piece authored for The Washington Post, Tenev discussed the growing tokenization trends. Moreover, he shared his belief that the US will lose any competitive edge in financial markets without first establishing clear rules and regulations for tokenized securities. Source: Watcher Guru Also Read: Robinhood and Revolut Consider Launching Their Own Stablecoins Robinhood CEO Says US Will Lost Financial Edge Without Tokenization Clarity The last month has seen a massive shift take place in the United States. With the arrival of US President Donald Trump, the country has shifted its crypto policy. Moreover, Trump has recently said the country will stand as t...

Bybit pauses EEA operations due to changing regulations, anticipates compliance

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is temporarily adjusting the availability of its services in the European Economic Area (EEA) to ensure compliance with evolving regulations, based on information shared with Finbold on Friday, December 13. In an effort to maintain transparency and regulatory compliance, Bybit has announced that it is actively pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria. With this license, Bybit will be eligible to offer secure and compliant services in the EEA that align with strict European standards. Compliance-based approach and the difficulty of the decision Ben Zhou, the co-founder and CEO of Bybit, commented on the decision: Picks for you If you invested $1,000 in Dogecoin at the start of 2021, you’d have this much now ...