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The United States Financial Services Oversight Council (FSOC) has raised alarms over the potential risks posed by stablecoins due to inadequate risk management standards. In its annual report released on December 6, the FSOC said that the lack of robust protection leaves stablecoins vulnerable to systemic disruptions that could jeopardize broader financial stability. “Stablecoins continue…

Ripple CEO Brad Garlinghouse congratulated venture capitalist David Sacks on his appointment as the newly created White House AI and crypto czar, which was announced this week. Ripple CEO Congratulates David Sacks On Role According to a December 6 X post by Garlinghouse, the Ripple CEO praised Sacks and his new role under President-elect Donald…

Niklas Nikolajsen, founder of Bitcoin Suisse, one of the oldest crypto companies specializing in asset storage, predicts a continued rise in the price of Bitcoin, even suggesting it could reach “seven figures.” In a December 6 interview with the Neue Zürcher Zeitung, Nikolajsen also criticized crypto regulation and politics in Switzerland and praised the US…

The United Kingdom’s Financial Conduct Authority (FCA) issued a warning on December 3 against Solana-based meme coin launchpad Pump.fun for operating without proper authorization. Pump.fun access has now been restricted to users in the United Kingdom following the warning. FCA Flags Pump.fun: Are UK Users at Risk of Losing Funds? In a statement published on…

Bitcoin held for over three years will now be exempt from capital gains tax, following an amendment approved by the Czech Republic on Friday, December 6, 2024. This new rule, which takes effect on January 1, 2025, introduces a favorable tax framework for crypto investors and marks a notable shift in the country’s approach to…

Bill Dudley has raised concerns about the potential creation of a federal Bitcoin reserve, warning of financial and economic risks tied to such an initiative. In a recent opinion piece published in Bloomberg, Dudley, former president of the Federal Reserve Bank of New York from 2009 to 2018, highlighted challenges with a government-backed Bitcoin reserve….

Florida is preparing to potentially launch a statewide Bitcoin reserve in early 2025, according to Samuel Armes, President of the Florida Blockchain Business Association (FBBA), who shared the update earlier this week. Armes outlined his vision for the initiative, which includes leveraging both Florida’s pension fund and budget surplus to create a substantial cryptocurrency reserve….

Semler Scientific, a healthcare technology company, revealed on Thursday that it had acquired 303 Bitcoin worth $29.3 million, purchased at an average price of $96,779 between November 25 and December 4. This adds to the company’s growing Bitcoin treasury, joining a trend seen among other prominent businesses like MicroStrategy, which have also increased their Bitcoin…

The US stock and cryptocurrency markets could be overvalued following recent rallies, according to Michael Hartnett, chief investment strategist at Bank of America (BofA). In a recent interview with Bloomberg, Hartnett warned of a potential “overshoot” if the S&P 500 approaches 6,666 points, which would be about 10% higher than its current level, suggesting a…

BitFuFu, a prominent player in the crypto mining sector, announced the launch of BitFuFu Pool, its private-label Bitcoin mining pool. With a commission rate starting at 0.4%, this offering is targeted at institutional and retail miners seeking cost-effective solutions. BitFuFu Unveils New Bitcoin Mining Pool As part of its expansion strategy, BitFuFu has allocated its…