Category: crypto

Dash is exploring the Philippines for its crypto payments business, focusing on regulatory compliance. The company is in talks with regulators and industry players, prioritizing legal requirements. The Philippines is seen as a market with demand for affordable payments and interest in digital finance tools. Compliance is a key consideration amid tightening oversight of crypto…

Bitcoin price remained near $64,000 despite Asian stock gains and softer oil prices after progress in U.S.-Iran talks. Spot Bitcoin ETFs saw $227 million in outflows, with analysts split on future targets. Market remains cautious, waiting for stronger evidence before adding risk. Geopolitics and ETF flows will impact Bitcoin outlook.

Polymarket has been accused of paying creators to promote fake bets and winnings through fake websites. The Wall Street Journal found that videos displayed $1.9 million in non-existent wagers. Creators received $2,000 to $3,000 monthly and were told not to disclose the arrangement. Polymarket is conducting a review of its promotional content. Regulatory scrutiny and…

Pro-XRP attorney Bill Morgan is urging Ripple to release more XRP tokens each month and lock fewer tokens in escrow. The debate surrounds Ripple’s current escrow strategy of unlocking one billion XRP monthly but often returning unused amounts to escrow contracts. This debate is ongoing as XRP trades near $1.14.

Bitmine Immersion Technologies declared a $0.1056 cash dividend per share for its 9.50% Series A Perpetual Preferred Stock, traded under the ticker BMNP on the NYSE. The payment will be made on July 10 to shareholders of record as of June 30. Bitmine aims to expand its Ethereum treasury business.

A new Ethereum research proposal suggests validators redirect 0-10% of staking rewards towards ecosystem funding, potentially raising 50,000 to 70,000 ETH yearly. Critics are concerned about who decides where the redirected funds go. The proposal aims to address Ethereum’s funding issues and avoid a potential funding gap in core development.

South Korea is expanding its financial regulatory sandbox to include digital asset laws, allowing blockchain and fintech services to seek regulatory exemptions. The changes aim to support innovative financial services and technology as market conditions evolve. The proposal includes amendments to the Virtual Asset User Protection Act and other financial laws.

Bitget introduces Stock+, allowing eligible users to purchase real U.S. stocks using crypto converted into USDC. Users can receive dividends, split adjustments, and follow U.S. market trading sessions. Fees start at 0.1%, with a 50% discount initially. The feature aligns with Bitget’s universal exchange strategy, offering real ownership of U.S.-listed companies.

JustLend DAO has added support for the U stablecoin, a TRC-20 token pegged to the U.S. dollar, on its lending platform. Users can now directly supply and borrow U on the protocol. The U market has specific lending parameters and interest rate structures, increasing the variety of stablecoin assets available.

KuCoin has partnered with Husher to enhance digital asset swap access and liquidity for users. The integration aims to provide more efficient swap options and flexibility for users. This partnership reflects KuCoin’s broader push into payments and regulated market access. Husher’s non-custodial swap platform will now connect to KuCoin’s global exchange infrastructure.