Binance Seeks Less U.S. Control in Talks with Trump-Backed Crypto Company
Binance, one of the world's biggest cryptocurrency platforms, is asking the U.S. government for less control during talks with World Liberty Financial, a cryptocurrency company supported by former President Donald Trump. These talks are about launching a new stablecoin called USD1, which will be tied to the U.S. dollar. This move comes after Binance agreed to pay $4.3 billion in 2023 to settle charges related to money laundering violations.
Ripple Expected to Pay $50 Million Fine to U.S. Government
Ripple, the company behind the XRP cryptocurrency, is expected to pay a fine of $50 million to the U.S. government. The fine is related to Ripple’s past violations of U.S. securities laws. There’s speculation that Ripple might pay this fine using XRP, which could add XRP to the U.S. government's collection of digital assets.
UK School Accepts Bitcoin for Tuition Fees
A school in Scotland, Lomond School, has become the first educational institution in the UK to accept Bitcoin as payment for tuition fees. The school will convert Bitcoin into British pounds using licensed providers. The school might also consider holding some Bitcoin as part of its treasury in the future.
Bitcoin Price Holds Steady Despite Trade Tensions
Bitcoin’s price has remained steady around $83,000 after falling to $74,000. Large investors, also known as "whales," bought around $1.2 billion worth of Bitcoin when the price dropped. Experts say that while global trade tensions have caused some short-term price swings, the Bitcoin market is still strong and resilient.
Argentina Faces Crypto Scandal
Argentina’s President, Javier Milei, is facing a scandal after promoting a cryptocurrency called $LIBRA. The value of this coin dropped quickly, and many investors lost money. The scandal, known as "Cryptogate," is causing legal investigations and political backlash. Some people are even calling for the President’s impeachment over this situation.
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