Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount will be used as inventory for future issuance requests and chain swaps on the Ethereum blockchain.It’s important to note that these newly minted tokens […]
In 2023, the world of nonfungible tokens (NFTs) experienced significant developments and challenges. Despite criticism, NFTs remained a vibrant part of the market, with sales reaching over $1.5 billion in the last 30 days alone. Community members actively sought solutions to address the issues faced by traditional NFTs.One notable development was the introduction of Bitcoin […]
In a recent development, Stoner Cats 2 (SC2), the creators of the popular Stoner Cats animated series, have been charged by the Securities and Exchange Commission (SEC) for conducting an unregistered offering of crypto asset securities. This comes as a blow to the NFT industry, which has been gaining momentum in recent years.Stoner Cats, spearheaded […]
The Legislative Assembly of El Salvador has passed a migration law that allows foreigners to obtain expedited citizenship by making Bitcoin donations to government programs. The law, which emphasizes support for the country’s development initiatives, is expected to take effect soon.The reform, supported by the New Ideas party led by Nayib Bukele, was approved on […]
Satoshi, the inventor of Bitcoin, expresses his despair and wishes he had never been born due to the backlash and criticism he faces. An angel investor overhears this and proposes an intriguing idea. Suddenly, the world around them changes, and Satoshi realizes that he no longer exists. His portfolio is empty, cryptocurrencies like Ethereum and […]
Safe, Sygnum, and CoinCover have joined forces to launch Safe{RecoveryHub}, a platform that offers a range of recovery options for digital asset holders. With over 900K ETH (worth approximately $1.92 billion) inaccessible to users due to forgotten keys, the need for recovery solutions is evident. Safe{RecoveryHub} aims to address this issue by providing a marketplace […]
The penultimate week of the year brought some significant developments in the world of cryptocurrency. One of the most anticipated events is the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024. If approved, this could have a major impact on the demand for Bitcoin, […]
Smart wallet infrastructure leader Safe has partnered with digital asset banking group Sygnum and recovery service provider CoinCover to introduce Safe RecoveryHub. This platform aims to address the challenge of inaccessible digital assets, which is estimated to be over 900K ETH (valued at $1.92 billion) due to forgotten keys.Safe RecoveryHub offers various recovery options, including […]
Hong Kong’s financial regulatory bodies, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have announced that they are open to receiving applications for spot crypto exchange-traded funds (ETFs). This comes after a review of their current policy on ETFs, acknowledging the evolving virtual asset environment since 2018.The SFC and HKMA […]
The Ethereum Enterprise Alliance (EEA) has released its latest assessment of Ethereum’s readiness for enterprise use. The report highlights Ethereum’s strong ecosystem, security, and decentralization as key advantages. It also acknowledges the platform’s appeal to global financial services firms, with institutions like SWIFT, Standard Chartered, and JP Morgan exploring the public blockchain.One significant development for […]
