People like to refer to Bitcoin as a trojan horse that we are going to smuggle into the legacy financial system and government. Stablecoins are a trojan horse into our system that has already been successfully smuggled in. Stablecoins are heralded as some savior of the developing world, a positive escape hatch for them from […]
Stablecoins Are The CBDCs Read More »
The Senate Banking Committee announced on March 25 that the Federal Deposit Insurance Corporation (FDIC) will eliminate reputational risk as a component of bank supervision. White House “Crypto Czar” David Sacks said the FDIC’s decision was a significant correction, and called it “a big win for crypto. He added: “In practice, this vague and subjective
FDIC ends use of reputational risk criteria, Crypto Czar calls it ‘a big win’ Read More »
Blockchain security firm Cyvers has reported a major security breach that affected DeFi platform Abracadabra’s MIM_Spell platform. The attack led to the loss of 6,262 ETH, equivalent to around $12.9 million. According to Cyvers, the attacker quickly bridged the stolen ETH to the Ethereum network and distributed the funds across three newly generated wallets. MIM
DeFi platform MIM Spell offers 20% bounty to hacker after $12.9 million ETH heist Read More »
BlackRock, the largest investment firm in the world with over $11 trillion in assets under management, made two significant moves on March 25 to increase its presence in the crypto industry. The firm has extended its tokenized money market fund to the Solana blockchain and introduced its first Bitcoin exchange-traded product (ETP) in the European
BlackRock taps Solana for BUIDL tokenized fund as Bitcoin ETP debuts in Europe Read More »
World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned. The digital asset is designed to
World Liberty Financial releases USD1 stablecoin plans to ease pressure from scam clones Read More »
World Liberty Financial (WLFI), a DeFi project partly owned by US President Donald Trump’s family, has cautioned investors about fake versions of its yet-to-launch USD1 stablecoin. In a March 24 announcement on X (formerly Twitter), the project and Changpeng Zhao (CZ) clarified that USD1 is not yet available for trading. It urged the public to
World Liberty Financial cautions about USD1 scams amid upcoming stablecoin launch Read More »
Crypto.com has announced a strategic partnership with Trump Media & Technology Group (TMTG) and Yorkville America to roll out a suite of exchange-traded funds (ETFs). The initiative, revealed on March 24, will introduce TMTG-branded ETFs combining digital and traditional assets. ETF move These products will feature a crypto-heavy ETF basket, including Bitcoin, Crypto.com’s native Cronos
Trump Media to launch crypto ETFs on Crypto.com amid CRO controversy Read More »
White House crypto czar David Sacks met UAE leadership to discuss digital currency’s disruptive impact, signaling potential global policy shifts and deepening strategic financial alliances. White House Crypto Czar Meets UAE Official in a Move That Could Trigger Policy Chain Reactions White House crypto czar David Sacks met with Sheikh Tahnoon Bin Zayed Al Nahyan
White House Crypto Czar Meets UAE Leader to Discuss Crypto and Investment Opportunities Read More »
Polymarket has added support for Solana (SOL) wallet deposits, a move designed to lower transaction costs and improve user experience as the blockchain-based prediction market continues its meteoric rise. The integration brings one of the industry’s fastest, lowest-cost networks to a platform that has already cemented itself as a leading venue for event-based forecasting. The
Polymarket integrates Solana to cut costs and boost user experience Read More »
Senator Elizabeth Warren has demanded answers from SEC chair nominee Paul Atkins over his history of light-touch regulation, ties to the failed crypto exchange FTX, and involvement in efforts to dismantle key investor protections. In a sharply worded 34-page letter, Senator Warren questioned whether Atkins, a former SEC commissioner and longtime industry consultant, could impartially
Senator Warren challenges SEC nominee Paul Atkins over FTX ties and deregulation risks Read More »
