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Crypto

Crypto Hot Issue: Crypto regulation stalls as South Korea shows distinct love for altcoins

South Korean brokerages are accelerating their push into digital assets, while the financial sector says regulatory gaps are holding back market entry despite infrastructure being largely ready. An analysis said South Korea accounts for about 30 percent of global cryptocurrency trading volume, with investors heavily focused on altcoins rather than bitcoin. In the United States, delays to the CLARITY Act have added uncertainty, while XRP posted weekly gains and inflows into spot ETFs rose.

Crypto

Musk\'s X Money seen launching in April; CLARITY bill a variable

X, formerly Twitter, is preparing a payment service called X Money that could disrupt the U.S. payments market, analysts said. Mizuho Research analysts said the service could put direct pressure on PayPal and Venmo and is expected to launch in April. They warned that plans to integrate cryptocurrency payments and offer returns on user balances could face regulatory obstacles, including New York’s CRYPTO bill and discussions around the federal CLARITY bill.

Crypto

X hints at expanding crypto features, raising expectations of BTC payments and wallet integration

X may launch new crypto-related features after its head of product, Nikita Bier, wrote that the crypto market has had a tough year and that X may need to launch something to fix it. No official announcement has been made. Users on X floated ideas including instant bitcoin trading, stablecoin creator payouts, payments and wallet integration. Interest has also focused on possible links to X Money and recent hires with blockchain product experience.