South Korea’s Ministry of Strategy and Finance announced on October 8 that it is reviewing measures to regulate stablecoins more strictly. This decision comes amidst increasing criticism that stablecoins are emerging as a hidden threat in the foreign exchange landscape due to inadequate government oversight. Rising Cross-Border Use and Industry Criticism According to local media […]
TL;DR The XRP Ledger has undergone a code review to enable RLUSD integration with Automated Market Makers (AMMs), with further updates pending. Ripple recently warned users to be cautious of scams, as the stablecoin is not yet publicly launched. The Latest RLUSD Development In April this year, Ripple disclosed it will introduce a stablecoin pegged […]
The National Bank of Bahrain (NBB) has launched the GCC region’s first Bitcoin-linked structured investment fund for institutional and accredited investors. This product was developed in partnership with ARP Digital and is designed to provide a secure avenue for investors to capitalize on Bitcoin’s gains. The Bitcoin Investment Fund According to local media reports, the […]
The Open Network (TON), a layer-1 blockchain linked to the social platform Telegram, has attained a new milestone in its history. According to data from a CryptoQuant analyst, the L1 blockchain reached 100 million unique wallet addresses with non-zero balances. This marks a 95% surge in active users since the start of the year, which […]
Cardi B, took to her X account to promote a new meme coin named after her iconic track. However, there have been concerns surrounding the promotion, with security experts suggesting the account may have been compromised. Cardi B Shares $WAP Video The rapper, who has been in the news lately after claims emerged that she […]
A new HBO documentary, “Electric Money: The Bitcoin Mystery,” by Cullen Hoback, aired on Oct. 8. It suggests that Peter Todd, a 39-year-old software developer, might be Satoshi Nakamoto, the mysterious creator of Bitcoin. However, the documentary’s evidence is largely circumstantial, focusing on Todd’s early involvement with Bitcoin and his connections to other key figures, such […]
Digital asset investment products recorded minor outflows of $147 million over the past week, likely driven by stronger-than-anticipated economic data that reduced expectations for substantial rate cuts. ETP investment product trading volumes rose slightly by 15% to $10 billion, while overall crypto market volumes remained lower. Bitcoin saw significant investor focus, according to the latest […]
According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for them. Crypto Sponsorships on the […]
On Oct. 8, the on-chain analytics provider highlighted several crypto projects and altcoins that have seen major boosts in whale transactions in the past week compared to the previous week’s activity. It added that coins that have been dropping in value that suddenly see massive whale spikes “are prime candidates for upcoming bounces.” Cronos (CRO) […]
Bitcoin mining firm TeraWulf has sold its 25% stake in the Nautilus Cryptomine joint venture to its partner, a subsidiary of Talen Energy, in a deal worth about $92 million. The company plans to use the funds to expand its operations at the Lake Mariner facility, including building the 20 MW CB-1 operation for hosting […]