Tether Operations Limited (Tether), the company behind the world’s largest stablecoin, USDT, has announced its plan to launch USDT tokens on the Kava blockchain. This move represents an expansion of Tether’s USDT offering, aiming to provide users within the Kava network with access to a trusted and widely adopted stablecoin. Quick facts: As per the … Read more
San Francisco-based crypto payments firm, Wyre, has recently announced its decision to shut down after nearly a decade in business. The company cites the challenging conditions of the crypto bear market as the primary reason for winding down its operations. This move has sent shockwaves through the industry, highlighting the impact of market volatility on … Read more
The competition to introduce a spot Bitcoin exchange-traded fund (ETF) in the United States is heating up as two investment companies have recently submitted fresh filings to the Securities and Exchange Commission (SEC) for ETFs centered around the popular cryptocurrency. Quick facts: WisdomTree, an asset management firm, has lodged a filing for its proposed WisdomTree … Read more
On June 20, crypto exchange Binance announced its integration of Lightning nodes on the Bitcoin network, aiming to provide Lightning-based deposit and withdrawal services to its users. The exchange acknowledged that there is still ongoing technical work required before Lightning is fully integrated, but assured users of regular updates. Quick facts: The Lightning network acts … Read more
Despite the recent decline in price, Litecoin (LTC) has experienced significant bullish momentum in various important growth indicators, such as the total number of daily active users. As the halving event approaches, all eyes are on Litecoin, with investors eagerly awaiting potential price movements and the continuation of its impressive upward trajectory. Quick facts: After … Read more
Once regarded as niche and speculative, cryptocurrencies and blockchain technology are now receiving enthusiastic acceptance from well-established traditional players. Reflecting this paradigm shift, Deutsche Bank, the largest lender in Germany, has made a groundbreaking choice to align itself with the crypto movement, marking a notable milestone in the institutional acknowledgment of digital assets. Quick facts: … Read more
Ripple lawyer Stuart Alderoty has raised concerns regarding the impartiality regulations governing employees of the U.S. Securities and Exchange Commission (SEC), suggesting possible bias in the commission’s stance on various digital assets. Alderoty emphasizes that federal law, specifically 5 CFR 2635.101(b)(14), obligates SEC personnel to demonstrate impartiality and maintain an appearance of fairness. The key … Read more
According to reports from CoinDesk and Reuters, BlackRock is reportedly close to filing its Bitcoin ETF proposal with the SEC. Citing anonymous sources familiar with the matter, these reports suggest that the asset management firm has made significant progress in addressing regulatory concerns surrounding the launch of a Bitcoin ETF. BlackRock Bitcoin ETF will bring … Read more
Coinbase CEO Brian Armstrong’s ResearchHub startup raised $5 million in a funding round led by Open Source Software Capital to expedite the scientific research. The platform is going to reward the scientists with ResearchCoin cryptocurrency for their contributions. Open Source Scientific Research According to the blog post published by ResearchHub, the seed round was led … Read more
US Federal prosecutors agreed to withdraw new charges against FTX CEO Sam Bankman-Fried on Wednesday. Among the total 13 criminal charges, 5 were said to be withdrawn for the October trial. However, the prosecutors are going to consider these new charges in early 2024. New Accusations Post Extradition from Bahamas In a recent court filing … Read more