Cryptocurrency News & Live Updates
Synopsis
Bitpanda has reported its most profitable year yet, with revenue more than doubling, driven by partnerships and regulatory offerings, positioning it for further growth in 2025.
Bitpanda has marked a significant milestone in its financial journey, achieving record profitability with a revenue increase fueled by strategic partnerships and regulatory compliance. This surge comes as the U.S. SEC has issued new guidance allowing certain stablecoins to be classified as cash equivalents, potentially easing the path for traditional financial institutions to engage with digital assets. Meanwhile, the CFTC is set to permit spot crypto contracts on registered exchanges, enhancing federal oversight of the digital asset market. In the realm of innovation, Pantera Capital’s $20 million investment in OpenMind aims to create a decentralized operating system for robots, showcasing the intersection of crypto and robotics. Additionally, the Ascend startup accelerator is launching to support the burgeoning real-world asset (RWA) sector, which has seen explosive growth, now valued at $24 billion. As these developments unfold, the cryptocurrency landscape is rapidly evolving, with institutions increasingly recognizing the potential of digital assets and tokenization.
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Bitpanda Achieves Record Profitability Amid Expansion
Bitpanda has reported its most profitable year yet, with revenue more than doubling, driven by partnerships and regulatory offerings, positioning it for further growth in 2025.
SEC Allows Certain Stablecoins as Cash Equivalents
The SEC has issued interim guidance permitting specific U.S. dollar-backed stablecoins to be classified as cash equivalents on corporate balance sheets, aiming to modernize cryptocurrency regulation.
CFTC Greenlights Spot Crypto Trading on Exchanges
The CFTC has approved spot crypto contracts for trading on federally registered exchanges, marking a significant move towards federal oversight of digital asset markets.
Pantera Capital Leads $20M Investment in Robot OS
Pantera Capital has spearheaded a $20 million funding round for OpenMind, which aims to develop a decentralized operating system for robots, enhancing collaboration across different machine manufacturers.
Ascend Accelerator Launches for RWA Startups
The Ascend startup accelerator aims to support RWA-focused startups, offering mentorship and access to investors, with a goal of enhancing institutional adoption in the $24 billion RWA market.
Barry Silbert Returns as Grayscale Chair
Grayscale Investments has welcomed back founder Barry Silbert as board chairman, alongside new executive hires, as the company gears up for growth.
MemeCore Climbs 24.14% Amid Bullish Momentum
MemeCore has experienced a 24.14% surge, indicating a bullish Elliott Wave pattern with potential for further gains if key resistance levels are surpassed.
Nexus Mutual Covers $250k for Arcadia Hack Victims
Nexus Mutual has disbursed $250,000 to users affected by the $3.5 million Arcadia Finance exploit, marking a significant insurance settlement on the Base blockchain.