Dubai is cementing its role as a leading crypto-friendly hub through strategic collaborations with major blockchain firms. On June 3, financial authorities in the region announced different initiatives with Solana and Ripple to build on earlier efforts to integrate digital assets into its economy. These moves further position Dubai as a global center for blockchain […]
Dubai crypto ambitions soar with Solana and Ripple moves Read More »
Circle, the company behind the USDC stablecoin, has revised its IPO filing to reflect stronger-than-expected investor demand, according to a June 2 filing with the US Securities and Exchange Commission (SEC). The updated filing shows Circle now plans to issue 32 million Class A shares, up from the previously announced 24 million. It also raised
Circle’s IPO attracts major interest, set for $7.2B valuation Read More »
Tether CEO Paolo Ardoino has disclosed that the company is being prevented from participating in Juventus Football Club’s latest capital increase. In a June 2 post on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would provide new capital to help the club sign players and regain its competitive edge. According
Tether shut out of Juventus capital raise despite increased investment Read More »
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With Bitcoin’s remarkable dominance of the crypto market, speculations were whether an Altcoin Season (Altseason) could occur in the ongoing bull cycle. However, recent developments are pointing to a possible altseason, which crypto experts believe could be one of the biggest phases
Altcoin Season Odds Grow Strong As Alts Break Free From Bitcoin’s Shadow Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Banco Santander SA, one of the largest banks in Europe and Spain, is reportedly considering introducing its own stablecoin. The bank also plans to give its digital banking arm, Openbank, the ability to offer crypto services to retail clients. According to a
Santander’s Crypto Ambitions: Spain’s Top Bank To Roll Out Stablecoin Read More »
Banco Santander is exploring the development of a fiat-backed stablecoin and expanding its crypto offerings to retail clients, marking a potential new chapter in the bank’s digital asset strategy. According to a May 29 Bloomberg News report, the initiative, still in its early stages, may include both US dollar and euro-pegged tokens. Santander joins a
Banco Santander eyeing crypto expansion with fiat-backed stablecoin Read More »
Russia’s central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to a May 28 statement. The Bank of Russia explained that it will allow instruments such as derivatives, tokenized securities, and other digital financial products that reflect crypto price movements. However, these offerings must be non-deliverable,
Russian banks to offer crypto products amid rising domestic activity Read More »
BlackRock plans to acquire approximately 10% of the shares offered in Circle’s initial public offering (IPO), Bloomberg News reported on May 28. People familiar with the matter said Circle and its shareholders, including co-founder and CEO Jeremy Allaire, are seeking to raise $624 million through the offering. Orders for the offering have reportedly exceeded the
BlackRock reportedly plans to acquire a 10% stake in Circle’s upcoming IPO Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bank of Korea is moving ahead with plans to tie its own digital tokens to the wider crypto world. It wants to link a central‐bank deposit token to public blockchain networks. This push could reshape how money moves in South Korea
Bank Of Korea Dives Into Crypto: Deposit Tokens Head To Public Chains Read More »
