Category: crypto

Meta’s stablecoin project, Diem, formerly known as Libra, faced political and regulatory challenges in the US. Despite early support from major financial firms, scrutiny from lawmakers led to its rebranding in 2020. Despite efforts to pivot, regulatory obstacles persisted, leading to the project’s termination in 2022. Team members have since shifted to other blockchain initiatives.

Cardano’s DeFi ecosystem is growing rapidly, with its TVL reaching $680 million, close to its all-time high of $700 million. The increase in TVL reflects investor confidence in the platform. Cardano’s DEXs also reported a trading volume of $22.35 million, the highest since December 2023. ADA token has gained over 20% in the past week,…

Coinbase has integrated Apple Pay into its Onramp service to streamline the process of converting fiat to crypto. Apple Pay has over 60 million US users and 500 million globally. MetaMask also added Venmo as a fiat-to-crypto option. The stablecoin market has grown, and companies are making investing in crypto easier. Robinhood and Coinbase are…

The European Central Bank has released its progress report on the development of the digital euro, with a prototype expected by 2025. The ECB aims to provide a secure and efficient digital payment solution to support the EU’s digital economy. The report focuses on technical and legal considerations, as well as public consultation feedback shaping…

South Korea’s Democratic Party has agreed to postpone the implementation of crypto taxation laws for two years, following a heated debate over digital asset regulation in the country. Approximately 10 million people in South Korea are involved in crypto trading, with a daily trading volume exceeding that of the stock exchange. Despite the delay, the…

Sora Ventures has launched a $150 million fund in Asia to help listed companies adopt Bitcoin-focused treasury strategies like MicroStrategy. The fund aims to optimize financial strategies and enhance stakeholder value by leveraging Bitcoin as a primary reserve asset. Success with Metaplanet on the Tokyo Stock Exchange highlights the strategy’s viability.

CryptoSlate’s market report explores Bitcoin ETF options as a new tool for risk management and speculation. The report highlights their potential impact on institutional crypto trading, offering insight into their role within the market.

SBI VC Trade partners with DMM Bitcoin and Metaplanet, reflecting SBI Holdings’ commitment to blockchain adoption. DMM Bitcoin transfers user assets to SBI VC Trade after a $305 million hack. SBI VC Trade plans to support 14 cryptocurrencies during the transition. Metaplanet announces a shareholder benefit program in collaboration with SBI VC Trade, giving away…

WisdomTree has filed for an XRP ETF as the fourth company to do so, just as XRP’s market cap exceeds $135 billion. This comes amidst an impending change in SEC leadership, with multiple companies vying for approval for their respective ETFs.

Enron Corporation has announced its relaunch to address global energy challenges using technology and adaptability for sustainable solutions. The company plans to invest in renewable energy infrastructure and ethical business practices. Enron’s focus on decentralized technology may involve blockchain integration in the energy sector, potentially benefiting the crypto community.