Kraken will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA) by March 31, 2025, to comply with MiCA regulations. The delisting process starts on February 13, 2025, with trading restrictions and automatic conversions of remaining holdings by the deadline. Users are encouraged to convert affected tokens to MiCA-compliant assets before the end of Q1 2025.
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News from BEL
Generated 0 posts last week Binance Faces Legal Challenges Over Money Laundering Allegations in France
Binance faces a new legal challenge in France, where authorities have opened an investigation into allegations of money laundering and tax fraud linked to drug trafficking, covering the period from 2019 to 2024 across the EU. The exchange, which has been scrutinized globally, denies the allegations and plans to contest any charges. Following a settlement with the US government in 2023, Binance has increased its compliance team significantly, aiming to enhance regulatory adherence.
read moreThe Importance of Central Bank Independence in Managing Inflation Volatility
Alexandre Lamfalussy, influenced by his experiences during World War II, dedicated his life to rebuilding Europe and played a key role in establishing the ECB. The independence of central banks, a response to the inflation crises of the 1970s, has been crucial in maintaining stable prices as advanced economies recover from recent inflation shocks. This shift towards central bank independence marked a significant change in monetary policymaking globally.
read moreResignations in Swiss Defense Spark Speculation on NATO Integration Opposition
Divisional Officer Mathias Tüscher’s resignation from the Defense Group has raised eyebrows, especially after it was revealed he failed a personal security test, sparking speculation about his opposition to NATO integration. His successor, Raynald Droz, has strong ties to NATO, while Guy Vallat also resigned under similar circumstances. Tüscher’s cryptic social media posts suggest lingering discontent, hinting at deeper issues within the Defense Department.
read moreResignations in Swiss Defense Spark Controversy Over NATO Integration Concerns
Divisional Officer Mathias Tüscher’s resignation from the Defense Group, attributed to not passing a personal security test, has sparked speculation about his opposition to NATO integration. His successor, Raynald Droz, has strong ties to NATO, raising concerns about the PSP being used to eliminate dissenting senior officials. Tüscher’s cryptic social media posts suggest lingering discontent, hinting at deeper issues within the Defense Department.
read morePEPE Memecoin Price Predictions and Market Trends for 2025
Pepe (PEPE), a memecoin inspired by the “Pepe the Frog” meme, has gained significant traction in the cryptocurrency space, driven by community engagement and social media trends. Price predictions for 2025 range from $0.0000005 to $0.0003, influenced by market dynamics, ecosystem development, and potential regulatory changes. Investors are advised to approach with caution due to the speculative nature and competition within the memecoin market.
read moreObol Collective Launches Token Airdrop to Decentralize Ethereum Staking
Obol Collective is set to launch its OBOL token airdrop, distributing 37.5 million tokens, or 7.5% of the total supply, to various ecosystem participants. The airdrop allocates 40% to contribution holders, 30% to decentralized operator ecosystem members, and the remainder to solo stakers and Rocket Pool node operators.The OBOL token will provide governance rights and support incentive programs, with trading contingent on a governance vote. This initiative aims to decentralize Ethereum staking and enhance the resilience of the network through distributed validator technology.
read moreAlliA appoints Sepp Ruchti as new CEO to drive growth
AlliA Switzerland has appointed Sepp Ruchti as its new CEO, marking a significant step in the company’s strategic growth. Ruchti, who has over 20 years of experience in the insurance industry, previously served as Chief Distribution Officer at Generali Switzerland. He aims to enhance AlliA’s focus on corporate insurance while leveraging a strong team and international partnerships.
read moreThe Decline of Swiss Elites and the Rise of Global Influences
Foreigners increasingly occupy leadership roles in major Swiss companies, reflecting a shift in the elite landscape. Traditional bourgeois values are eroding, with wealth concentrated among a new class of entrepreneurs, while the political and civic elite struggle to adapt to contemporary challenges. As Switzerland faces a multi-crisis, the future appears uncertain, with a growing sense of disillusionment among its citizens.
read moreKey Market Updates and Major News Ahead of New Year 2024
U.S. futures dipped as the stock market approaches the year’s end, with the S&P 500 and Dow on track for their best performances since 2021. Former President Jimmy Carter passed away at 100, prompting potential market closures for mourning. In South Korea, a Jeju Air crash killed 179, leading to emergency inspections of the airline system. Google CEO Sundar Pichai anticipates a challenging 2025 amid increased competition and regulatory scrutiny. Meanwhile, President-elect Trump seeks to delay a TikTok ban pending Supreme Court review.
read moreInnovations in Anti-Aging and Brain-Computer Interfaces in 2024
Tech innovations in 2024 faced significant challenges, from the disappointing launch of AI wearables like the Rabbit R1 and Friend Necklace to Bryan Johnson’s extreme anti-aging experiments. Meanwhile, breakthroughs in brain-computer interfaces showed promise, and the controversial Sarco Pod for assisted suicide raised ethical concerns after its first user’s death.
read moreSigns Ripple XRP May Experience Significant Price Movement Soon
XRP Ledger’s daily transaction volume has surged, with payments nearly doubling from 0.73 million to 1.4 million in three months, while XRP token volume rose from 762 million to 1.99 billion. The approval of a new Ripple stablecoin by New York regulators has further boosted XRP prices, which recently peaked above $2.70. Ripple’s strong business model positions it as a potential strategic asset for the U.S. in global finance, especially amid a favorable regulatory environment under the incoming administration.
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