Category: crypto

Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network for digital asset transactions in the Middle East and North Africa. This initiative aims to address cross-border finance issues like settlement delays and high fees. SGB Net allows round-the-clock transfers in multiple currencies with lower costs and fewer delays, enhancing capital efficiency and…

Ethena Labs has partnered with the TON blockchain to bring its synthetic dollar USDe and sUSDe directly into the Telegram ecosystem. Users can now access stable yield-generating products within the chat environment, with additional rewards for holding tsUSDe. Ethena plans to expand payment integration and develop more tools for the TON ecosystem.

Grayscale has launched a new ETF, the Grayscale Bitcoin Adopters ETF (BCOR), which gives investors exposure to companies incorporating Bitcoin into their treasury strategy. BCOR tracks the Indxx Bitcoin Adopters Index, focusing on firms that view Bitcoin as a hedge against inflation and a diversification tool. This move aligns with the trend of corporate Bitcoin…

Robinhood saw a revival in retail crypto trading in the first quarter, with crypto revenue doubling to $252 million. Despite global disinterest in Bitcoin, Robinhood’s data showed increased trading activity in cryptocurrencies like Ethereum, Dogecoin, Solana, and XRP. Robinhood outperformed Coinbase, with net income rising to $336 million.

World has launched its identity verification platform in the US, allowing users to confirm their humanity using a World ID. The platform, powered by NVIDIA technology, offers privacy safeguards and access to features such as education and finance mini-apps. World has also announced partnerships with Visa, Kalshi, Tinder, and Morpho.

Investor portfolio allocations to crypto have reached a yearly high of 1.8% as of April 29, attributed to recent price movements and improving sentiment in the crypto market. Bitcoin dominates holdings, with Ethereum and Solana following. Concerns remain over volatility, regulation, and reputational risk, despite growing interest from institutions and individuals.

Bitcoin’s short-term realized volatility has decreased to 16% after a spike in early April. This data was reported in a research study conducted one hour ago.

ZachXBT, a blockchain investigator, discovered that an elderly American citizen was the victim of a $330 million Bitcoin theft through a social engineering attack. The stolen Bitcoin was converted to Monero, causing a price spike. This incident highlights the need for stronger user protection and exchange oversight due to regulatory concerns.

Coinbase filed an amicus brief supporting a constitutional challenge against the IRS’s collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The company resisted an IRS summons for customer data, citing privacy concerns. Coinbase believes the IRS’s actions permit unchecked surveillance of users’ crypto transactions and urges the Supreme Court to clarify constitutional…

A coalition including the Solana Policy Institute, Orca, and Superstate has filed a request with the SEC to launch a pilot program for issuing and trading securities on public blockchains. The Project Open initiative aims to create transparent and compliant markets for traditional securities by utilizing blockchain technology. The SEC has not yet responded.