Circle Internet Financial, the issuer of the USDC stablecoin, has announced the discontinuation of stablecoin creation for individual accounts. The company is "phasing out support for legacy consumer accounts," but this limitation will not affect business or institutional accounts under the Circle Mint umbrella.
AllianceBernstein, an international asset management company, has released a note suggesting that Bitcoin's price could potentially surge to $150,000 by 2025. This bullish forecast, disclosed on 31 October, is based on the expectation that the U.S. Securities and Exchange Commission (SEC) will greenlight a spot Bitcoin exchange-traded fund (ETF) by the first quarter of 2024.
The UK Financial Conduct Authority (FCA) has placed Bitfinex, a well-known cryptocurrency trading platform, on its warning list of firms suspected of offering financial services or products without the required authorization. The FCA released a statement on its website last Friday, explicitly advising the public to refrain from engaging in transactions with Bitfinex.
Top stories in the Crypto Roundup today:
- Circle Limits Stablecoin Minting for Individuals as Tether Reveals Q3 Audit Report
- AllianceBernstein Predicts Bitcoin Could Reach $150,000 by 2025 Due to Spot ETF Optimism
- UK's Financial Conduct Authority Adds Bitfinex to Warning List for Unauthorized Operations