Stablecoin adoption in Venezuela is predicted to speed up as the nation’s financial pressures deepen and the bolívar continues to lose worth, according to a new report from blockchain intelligence agency TRM Labs. Key Takeaways: Venezuela’s worsening financial system and a weakening bolívar are driving wider stablecoin adoption, TRM Labs says. Stablecoins are more and…
Tether has launched an all-cash bid to purchase Italy’s Juventus Football Club, a suggestion that was reportedly swiftly turned down. Key Takeaways: Tether made a $1.1 billion all-cash bid to purchase Juventus, but Exor swiftly rejected the supply. Tether signaled it stays and is keen to make investments €1 billion to develop the workforce. The…
The US Office of the Comptroller of the Currency has opened the doorways of the federal banking system to a brand new wave of digital-asset corporations, clearing 5 crypto firms, together with Circle and Ripple, to launch nationwide belief banks. Key Takeaways: The OCC has conditionally authorised 5 crypto corporations, together with Circle and Ripple,…
Jupiter announced seven coordinated platform upgrades at Breakpoint, headlined by JupUSD, a brand new stablecoin developed with Ethena that can combine throughout the complete Jupiter ecosystem to permit rewards throughout DCA orders, restrict orders, and prediction market participation. The Solana-based decentralized trade, which has processed $1.08 trillion in mixed spot and perpetuals quantity year-to-date whereas…
Carl Erik Rinsch (49), Hollywood director and author, was convicted for stealing $11 million from Netflix. A component of the ill-gotten funds went into crypto. U.S. Attorney’s Office in New York, USA, announced on Thursday that “Rinsch took $11 million meant for a TV present and gambled it on speculative inventory choices and crypto transactions.”…
Standard Chartered Bank Malaysia and Capital A, the mum or dad firm of AirAsia, have taken a serious step into the nation’s digital asset panorama with plans to discover a ringgit-pegged stablecoin. Key Takeaways: Standard Chartered and Capital A will collectively discover a ringgit-backed stablecoin constructed for institutional and wholesale use. The pilot operates beneath…
The US Commodity Futures Trading Commission has granted no-action reduction to 4 prediction market operators, easing enforcement strain on platforms which have confronted mounting regulatory scrutiny. Key Takeaways: The CFTC granted slender no-action reduction to 4 prediction markets, decreasing speedy enforcement danger. Platforms should absolutely collateralize all contracts and publish time-and-sales information to keep eligibility….
Korean authorities say Binance froze solely a small portion of the crypto stolen throughout final month’s Upbit hack, regardless of an pressing request from police and the change to halt the motion of illicit funds. Key Takeaways: Binance froze solely 17% of the stolen Upbit funds regardless of an pressing request from police and the…
Binance has widened entry to the Trump household–linked USD1 stablecoin, including new fee-free buying and selling pairs because the token beneficial properties a bigger foothold on the trade. Key Takeaways: Binance expanded USD1 buying and selling with new zero-fee pairs and can totally exchange BUSD collateral with USD1. USD1 has quickly grown to a $2.7B…
New blockchain evaluation is elevating questions concerning the long-promoted “honest launch” of the PEPE meme coin, after recent knowledge recommended that just about one-third of the token’s preliminary provide might have been managed by a single entity. The findings come from blockchain visualization platform Bubblemaps, which published its newest breakdown on Wednesday, alleging that the…