(source: en.wikipedia.org)
Five years ago, the government of El Salvador made bitcoin legal tender in the country. Now, the country’s government is shifting to another form of cryptocurrency in its effort to transform money movement, Bloomberg News reported Tuesday (Sept. 29). According to the report, Nayib Bukele’s administration is...
Crypto services company Blockchain.com aims to go public this year, raise about $500 million in the initial public offering and secure a valuation of between $4 billion and $6 billion in the listing, Bloomberg reported Monday (Sept. 28), citing unnamed sources. Blockchain.com is in talks...
Nature abhors a vacuum, and marketplaces do, too. After all, no industry exists in a vacuum. The digital asset space is finding that out in real time, as it enters into an apparent regulatory vacuum after the Sept. 15 failure of the Digital Asset Market...
There’s a changing of the guard taking place across crypto. The Sept. 15 failure of the Digital Asset Market Clarity Act to advance in the Senate has coincided with a rash of leadership changes across the cryptocurrency establishment. The Blockchain Association is changing chief executives....
Coinbase deepened its collaboration with Citi to enable businesses to convert incoming fiat into stablecoins and to accept stablecoin payments, Coinbase said in a Monday (Sept. 28) blog post. Coinbase chose Citi’s Virtual Account Wallet to power Coinbase Virtual Accounts, which enable customers to accept,...
Kraken’s parent company is making a multibillion-dollar bet on its future as a financial infrastructure provider. That’s according to a report Sunday (Sept. 27) by CoinDesk, citing an interview with Arjun Sethi, co-CEO of Kraken parent Payward. The report noted that Payward has spent heavily...
The Commodity Futures Trading Commission (CFTC) has updated its FAQs about crypto assets and blockchain technologies to provide greater clarity, the regulator said in a Thursday (Sept. 24) press release. The updates address investments of customer funds in tokenized forms of permitted investments and the use of blockchain technologies to...
Cryptocurrency exchange Bitget said in a Friday (Sept. 25) post on X that assets equivalent to about $387.5 million were stolen in an attack the company announced Thursday (Sept. 24). In its earlier report, in a Thursday post on X, Bitget said it estimated that...
The Federal Reserve’s stablecoin proposals on Thursday (Sept. 24) put a third federal bank regulator’s plans on the table. Banks can now see how the Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. propose to supervise their digital dollars....