In a significant step for Taiwan’s digital economy, stablecoin issuer Circle has strategically allied with Taiwan’s leading crypto service provider, BitoGroup, and Taiwan FamilyMart, the country’s second-largest convenience store chain. Circle stated that the collaboration aims to broaden the utility of loyalty points, enhance their value, and ease entry into the digital economy for the The post Circle partners with major Taiwan convenience store chain to convert loyalty points to crypto appeared first on CryptoSlate.

In a bullish indicator for the broader cryptocurrency market, six stablecoins have technically led industry losses over the past 7 days, with the largest decline at 0.12%, underscoring the overall strength of the market. The market remains robust, with stablecoins’ high trade volumes highlighting their fundamental role in the crypto ecosystem, holding their peg within The post In a week where every high-volume digital asset is up, stablecoins lead losses with a mere 0.12% decline appeared first on CryptoSlate.

In his recent talk before the 2023 Securities Enforcement Forum, SEC Chair Gary Gensler offered a stark warning to the burgeoning crypto asset securities markets, captured in his terse comment, “Don’t get me started on crypto.” This assertive remark highlights the SEC’s ongoing concerns about compliance and accountability within the rapidly expanding crypto industry and The post Gensler remarks ‘don’t get me started on crypto’ reaffirming most digital assets are securities appeared first on CryptoSlate.

Amid a bullish market for Bitcoin and anticipation of a spot exchange-traded fund (ETF) on the horizon, BlackRock, one of the world’s leading investment advisers, has been charged by the Securities and Exchange Commission (SEC) for failing to report significant investments made by a publicly traded fund accurately it advised. According to the SEC, BlackRock The post Amid Bitcoin ETF rumors, BlackRock stumbles paying $2.5M in SEC charges for investment misreporting other fund appeared first on CryptoSlate.

Crypto lender Genesis Global Capital filed an amended Chapter 11 bankruptcy plan on Wednesday, Oct. 25, to resolve outstanding claims and interests of creditors. The amended plan results from extensive negotiations between Genesis, the Official Committee of Unsecured Creditors, crypto exchange Gemini, and the Ad Hoc Group of Genesis Lenders. While substantial agreement has been The post Genesis bankruptcy plan revised for orderly wind down and asset liquidation appeared first on CryptoSlate.