Category: crypto

Japanese financial giant Sumitomo Mitsui Financial Group plans to launch a fiat-backed stablecoin on the Avalanche network in collaboration with Ava Labs and Fireblocks. The project aims to modernize cross-border payments by reducing reliance on traditional intermediaries like SWIFT. SMFG has been increasing its involvement in blockchain and stablecoin initiatives in recent years.

The Chinese government is exploring the use of blockchain technology to enhance the security of its credit information systems. The National Development and Reform Commission (NDRC) is incorporating privacy computing solutions to safeguard sensitive data. This move aligns with a global trend of governments utilizing blockchain for non-financial applications.

VanEck is planning to launch the first US-based ETF tracking the BNB token. The asset manager has registered a legal entity for this purpose and aims to mirror BNB’s market performance. The move follows a trend of interest in altcoin ETFs, fueled by the success of spot Bitcoin ETFs. The proposal coincides with increased momentum…

Kraken, a top cryptocurrency exchange, has listed JUST (JST) token on its platform. JUST is a leading DeFi ecosystem on the TRON network, offering stablecoin and lending platforms. The listing includes JST/USD and JST/EUR trading pairs. Additionally, a $90,000 JST token airdrop campaign has been launched. JustLend DAO, part of the JUST ecosystem, provides various…

BlackRock has received approval from the FCA to operate as a registered crypto asset firm in the UK, allowing it to support iShares Digital Assets AG in managing crypto-related ETPs. The firm is limited to specific activities, such as facilitating transactions, selling digital assets for fiat currency, and converting assets during redemptions. The approval could…

Circle’s IPO filing has faced criticism for its Bitcoin strategy and financial stability. The company’s holdings show a small allocation to Bitcoin and Ethereum, with a focus on alternative cryptocurrencies. Industry insiders question Circle’s $5 billion valuation and suggest that its business model may be flawed, leading to concerns about potential acquisition post-IPO.

Russia is working on creating a legal structure to sell confiscated Bitcoin for government revenue. The Federal Bailiff Service is leading efforts to convert seized crypto into state income, starting with a high-profile case involving a former official caught in a crypto bribery scandal. Discussions are ongoing to determine the legal process for selling seized…

April Fools’ Day in the crypto industry is not just about pranks, but also about providing insight through humor. Memorable jokes this year included a proposal to reintroduce a poker client into Bitcoin Core, a company acquiring Greenland to protect the Aurora Borealis, and a warning about an ALL CAPS exploit. These posts highlighted the…

Bitcoin perpetual trading volumes have significantly increased on Binance and OKX, leading to short-term optimism in the market. This surge in activity indicates growing interest and activity in Bitcoin trading on these platforms, suggesting a positive outlook for the near future.

European financial regulators are concerned about the rising valuations of crypto-assets, driven by expectations of US deregulation under President Donald Trump. The Joint Committee of the European Supervisory Authorities warns that this could threaten global financial stability due to geopolitical fragmentation, US policy uncertainty, and market volatility. They urge financial institutions to prepare for potential…