Category: crypto

Strategy, formerly MicroStrategy, plans to buy an additional $2 billion worth of Bitcoin through convertible notes. Metaplanet, a Japanese company, has also increased its Bitcoin holdings. Strategy is now the largest corporate holder of Bitcoin, while Metaplanet aims to accumulate 10,000 BTC by 2025 and 21,000 BTC by 2026.

Pi Network launched its Open Mainnet, causing price fluctuations for its token, Pi (PI). The transition to an open blockchain system is expected to increase real-world use and accessibility. Despite a surge in price followed by a crash, concerns remain around legality, regulatory hurdles, and long-term viability. Exchange listings and integration with decentralized applications are…

The European Central Bank is working on a blockchain-based payment system to settle transactions using central bank money. The project will be rolled out in two phases, with the goal of improving financial market efficiency. Switzerland has a similar initiative. The ECB aims to counter stablecoins’ influence by accelerating the launch of a digital euro.

Franklin Templeton launched a dual spot Bitcoin and Ethereum ETF on Feb. 20, trading under the EZPZ ticker on Cboe. The fund tracks the CF Institutional Digital Asset Index, with 82% allocated to Bitcoin and 18% to Ethereum. This is Franklin Templeton’s third crypto ETF, aiming to represent beta for crypto in the long term.

Figure Markets has introduced YLDS, a yield-bearing stablecoin approved by the SEC. YLDS allows users to earn daily interest while maintaining liquidity. Unlike other stablecoins, YLDS shares reserve yields with holders. It operates on the Provenance Blockchain and provides a reliable income stream aligned with the SOFR interest rate. Figure Markets sees YLDS as a…

Coinbase CEO Brian Armstrong has warned against insider trading in memecoins, stating that it is illegal and can result in prison time. He highlighted concerns over illegal activities in the memecoin market and emphasized the importance of building value-driven projects. Recent data revealed significant losses for investors due to insider trading in political-themed memecoins. Despite…

The Cardano Foundation announced that the network’s community has ratified the blockchain’s constitution, leading to on-chain governance starting on Feb. 23. The constitution ensures transparency and accountability in decision-making, with ADA holders playing a direct role. Cardano founder Charles Hoskinson praised the decentralized development, comparing it to national constitutional amendments.

The SEC has replaced its Crypto Assets and Cyber Unit with the Cyber and Emerging Technologies Unit (CETU) to address emerging fraud involving AI, blockchain, social media manipulation, and cybersecurity. The unit, led by Laura D’Allaird, aims to protect investors, foster innovation, and combat cyber-enabled financial crimes while promoting market efficiency.

Kraken has seen a significant increase in data requests from law enforcement and regulatory agencies in 2024, with a total of 6,826 requests received. The United States led with 28.6% of the requests, primarily from the FBI and ICE. Despite the rise, Kraken only complied with 57% of the requests. Additionally, Kraken is working towards…

Microsoft has introduced a Majorana 1 quantum chip that encodes quantum information using topological qubits to protect against quantum threats. Bitcoin Improvement Proposal 360 (BIP-360) outlines measures to make Bitcoin quantum-resistant by replacing vulnerable signature methods with hash-based systems. The transition process involves educating users and adapting infrastructure to support new standards.