Category Archive: Cryptocurrency, No picture
Stablecoin supply reaches $162 billion amid rising institutional demand and liquidity hunt
Key Takeaways Stablecoin supply grew by 3% in August, reaching $162.1 billion despite crypto market downturn. Tether (USDT) leads the stablecoin market with a $119 billion market cap, followed by USDC at $33.5 billion. Share this article The stablecoin supply is at $162.1 billion following a $4.7 billion rise in August, which represents a 3% […]
Ripple co-founder backs Kamala Harris alongside 87 other executives
Key Takeaways Chris Larsen, Ripple co-founder, signed a letter with 87 corporate leaders supporting Kamala Harris’s campaign. Harris’s campaign launched “Crypto for Harris” initiative, seeking support from the crypto community. Share this article Vice President Kamala Harris just got endorsed by a new crypto executive. Chris Larsen, co-founder of Ripple, signed a letter along with […]
Major Japanese banks back stablecoin platform for cross-border settlements
Key Takeaways Project Pax aims to resolve global payment inefficiencies with stablecoins. Japan’s rate hike impacts Bitcoin, highlighting crypto market volatility. Share this article Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are supporting the initiative, according to a recently published official announcement. The project is a collaborative effort between blockchain firms Datachain, […]
Russia mined nearly 54,000 Bitcoin in 2023, says industry expert
Key Takeaways Russia mined approximately 54,000 Bitcoins in 2023. New legislation aims to regulate and support the mining sector. Share this article Approximately 54,000 Bitcoin (BTC), worth around $3 billion, was mined in Russia last year, said Sergey Bezdelov, the Director of the Industrial Mining Association, at the Eastern Economic Forum 2024, first reported by […]
Telegram updates policy, allows users to report illegal content in private chats
Key Takeaways Telegram has changed its policy to allow users to flag illegal content in private chats. CEO Pavel Durov acknowledges the platform’s rapid growth has made it easier for misuse. Share this article Telegram has revised its policy, allowing users to flag “illegal content” in private chats for review by moderators, according to a […]
Binance to launch fixed rate loans in USDC and FSUSD stablecoins
Key Takeaways Binance’s fixed rate loans provide predictable financial planning for users. The service includes features like auto-repay and principal protection. Share this article _*]:min-w-0″> Binance Loans now offers fixed rate loans, providing users with predictable borrowing costs, according to a blog post by Binance. This feature allows borrowers to lock in interest rates for […]
Morgan Stanley’s Institutional Fund reveals exposure to BlackRock’s Bitcoin ETF
Key Takeaways Morgan Stanley’s Institutional Fund allocated 2.1% to BlackRock’s Bitcoin ETF and 4% to MicroStrategy. Five of the six largest global asset managers now have Bitcoin-related investments or services. Share this article Morgan Stanley reported 2.1% exposure to BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT in its Institutional Fund. In a Sept. 4 […]
Cardano’s IOHK, Hedera join Ripple, Algorand Foundation as founding members of Decentralized Recovery Alliance
Key Takeaways IOHK and Hedera have joined the DeRec Alliance as founding members to enhance crypto recovery standards. The DeRec Alliance aims to make digital asset recovery as simple as web2 account recovery. Share this article IOHK, the technology firm behind Cardano, and Hedera have officially joined the Decentralized Recovery (DeRec) Alliance as its final […]
Bybit reveals SOL-based liquid staking token bbSOL, partners with Solana dApps
Key Takeaways Bybit launches bbSOL, the first exchange-based Liquid Staking Token on Solana, bridging CEX and Web3 platforms. bbSOL offers staking rewards, liquidity benefits, and MEV opportunities to various participants in the Solana ecosystem. Share this article Bybit has launched bbSOL, a Liquid Staking Token (LST) on the Solana blockchain. According to the announcement, this […]
Demand still sluggish for US Ethereum ETFs one month after debut—here’s why
Key Takeaways Grayscale’s Ethereum ETF has seen over $2.6 billion in outflows since its conversion. Regulatory uncertainty around staking features affects investor interest in Ethereum ETFs. Share this article The nine US exchange-traded funds (ETFs) tracking the spot price of Ethereum (ETH) have been struggling to attract new capital since their strong start in late […]
