A projection seeing the cryptocurrency space grow into a $3 trillion market by 2025 from Bakkt Holdings is behind the firm’s plan to go public via a merger with Victory Park Capital, a special-purpose acquisition company.
Tether has printed two billion USDT tokens last week, hitting a new record. There are now over 24.6 billion USDT tokens in circulation across several blockchains, with most being on Bitcoin’s Omni Layer, the Ethereum and the TRON blockchains.
The UK’s Financial Conduct Authority (FCA) has told unregistered cryptocurrency firms to close down and return funds to investors, in line with a schedule it laid out at the start of last year.
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Top stories in the Crypto Roundup today:
- $3 Trillion Crypto Market Projection Behind Bakkt’s SPAC Deal
- Tether Prints Two Billion USDT in Record Week
- UK Financial Regulator Tells Unregistered Crypto Firms to Close
- Sponsored: Crypto.com Exchange is listing NEAR at 50% OFF