Tether Ends Support for Euro-Pegged Stablecoin EUR₮ Amid Regulatory Shifts

In a significant development for the cryptocurrency industry, Tether, the issuer of the world’s largest stablecoin USDT, has announced the discontinuation of its Euro-pegged stablecoin, EUR₮. The decision, revealed in a blog post on November 27, reflects Tether’s response to evolving regulatory requirements in the European Union (EU) and its focus on compliance with the…

Kraken Announces Closure of Its NFT Marketplace

Kraken, one of the leading cryptocurrency exchanges, has officially announced the shutdown of its NFT marketplace, signaling a shift in its business strategy. The platform, which launched in beta in November 2022, will transition into “withdrawal-only” mode starting November 27, 2024, and will fully cease operations by February 27, 2025. This decision marks a pivotal…