US and UK revolt forces Basel to rethink brutal crypto capital rules for banks

The Algorand Foundation has announced its return to the United States and appointed a new board to spearhead strategic blockchain initiatives, signaling a renewed commitment to enhancing blockchain innovation. This move comes amid a more favorable regulatory environment for cryptocurrencies.

Bitcoin's price surged to $97,000, marking an eight-week high, despite the backdrop of high producer price inflation and the absence of a US tariff ruling. This increase diverges from the trends observed in US stock markets, which have shown mixed signals amid economic data releases.

The cryptocurrency market is experiencing a notable surge, with Bitcoin, Ethereum, and Dogecoin seeing significant price increases. This uptick follows the release of positive US economic data, highlighting improvements in unemployment and consumer spending, alongside potential regulatory changes from a proposed bill.

Crossmint has received authorization from Spain’s CNMV under the Markets in Crypto-Assets (MiCA) regulation, enabling it to provide stablecoin infrastructure services across the European Union. This approval allows Crossmint to operate as a crypto asset service provider, facilitating the use of stablecoins in various financial applications within the EU.

Ripple has received preliminary approval from the Commission de Surveillance du Secteur Financier (CSSF) for an Electronic Money Institution (EMI) license in Luxembourg, marking a significant step in its expansion strategy across Europe. This license will enable Ripple to offer regulated crypto and stablecoin payment services throughout the EU.

The cryptocurrency market experienced a significant surge on January 14, with Bitcoin's price soaring to $95,000 and Ethereum gaining 7%. This upward movement followed the release of favorable US inflation data, which eased market concerns and encouraged buying activity.