The company behind the biggest stablecoin in the world, Tether, has announced that it is restructuring as it moves into new digital asset categories. The USDT issuer said in a release on Thursday that it has divided into four sections to reflect its expanding focus. The four divisions—Data, Finance, Power, and Edu(cation)—will manage strategic investments

The blockchain interoperability project Union Labs intends to interface with AggLayer, a decentralised service launched by developer Polygon Labs earlier this year that permits liquidity pooling across linked networks. The purchase is noteworthy because it has the potential to strengthen the connections between Polygon, one of the largest Ethereum scaling networks, and the Cosmos blockchain

A consultation on digital currency was launched on Wednesday by the Reserve Bank of New Zealand. In response to the consultation document, the public was requested to comment on the design of digital currency, whether interest should be paid, and whether holding limitations should be in place. A $2000 holding cap, comparable to the benchmark

Some industry insiders saw the licensing of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week—much anticipated—as a major industry milestone.Nonetheless, they caution that stronger market factors, such ongoing inflation and geopolitical risk, may obscure the positive development. “We are delighted to witness the historic moment of the launch of Asia’s first Bitcoin spot ETF and the world’s first Ethereum spot ETF,” said Livio Wang, chief operating officer of Hong Kong-based HashKey Group, in a statement. “This will serve as a significant milestone for traditional financial institutions in Hong Kong to enter

The business that created the decentralised finance (DeFi) protocol called Usual Labs said in a statement on Wednesday that it has funded $7 million and obtained a commitment of $75 million in total value locked (TVL) for the launch of its stablecoin, USD0. More than a hundred companies contributed to the French company’s fundraising efforts,

The market will reward Riot Platforms (RIOT) and CleanSpark (CLSK) for their superior execution and for leading the market in self-mining hashrate; broker Bernstein stated as much in a research report on Wednesday. Investors should purchase these companies as the “miner fear factor” is at its peak ahead of the impending halving. Although the halving

The government should invest in developing skills to meet the need for jobs in the blockchain, artificial intelligence (AI), and cryptocurrency sectors, according to a unanimous call from members of the U.K. Parliament. The government should make sure that digital skills are taught from the very beginning of education and even in the workplace, according

Bitcoin exchange Binance is situated in the United States.A former Federal Reserve Bank of New York top compliance and ethics officer has joined US’s board of directors, the company stated.Former NY Fed chief Martin Grant will join Binance.US’s board as one of the newest members, the cryptocurrency exchange announced in a blog post on April 16th. Grant brings “regulatory, legal, and compliance” expertise to the role.Grant began working at the NY Fed in 1990 and held the position of chief compliance and ethical officer from 2005 to 2022. Grant’s addition would enable Binance.US Interim CEO Norman Reed to “continue to navigate the current regulatory environment” in the United States.The former head of the New York Fed is currently the Global Head of Regulatory Affairs and Integrity at the financial services company JST Digital. He further stated that the U.S. cryptocurrency market was “at an inflection point.” The switch to Binance.About two weeks had passed since the independent global exchange Binance declared it would be establishing a board of directors for the first time. For that reason, the US announced its board of directors.The ambassador of Barbados to the United Arab Emirates, where the exchange has some staff and connections to regulatory bodies, Gabriel Abed, serves as the chair of the seven-member board. In November 2023, Changpeng Zhao, the former CEO of Binance, resigned from his position as head of the Binance.US board as part of a settlement with US authorities that excluded the US exchange.Zhao resigned from his position as CEO of Binance and entered a guilty plea to a single felony charge. On April 30, he is expected to receive his sentencing.Binance one, Binance.For allegedly marketing unregistered securities, the U.S. Securities and Exchange Commission initially launched a civil case against US and Zhao in June 2023.The regulatory body is pursuing many enforcement measures against cryptocurrency companies operating within the nation, such as Ripple and Coinbase. This particular case is one of them.

In the first quarter of 2024, the South Korean won overtook cryptocurrencies as the most traded fiat currency globally.According to a study report released by Kaiko on April 15, the won accounted for approximately $456 billion in trading volume on centralized crypto exchanges, surpassing the $455 billion in U.S. dollar volume. The research firm attributes the rising dominance of the won to the “fee war” between Korean crypto exchanges. The report noted: environment and fierce competition among Korean exchanges has boosted trade volume on Korean markets which hit its highest level in more than two years in early March. In Q1 2024, the South Korean

The fourth-largest cryptocurrency exchange, OKX, announced that the public mainnet of its new layer-2 blockchain, dubbed X Layer, has gone online. This is an extension of the trend where big cryptocurrency organisations have started their own distributed networks. X Layer, formerly known as X1, leverages Polygon’s Chain Development Kit (CDK), an adaptable framework that enables

Broker Canaccord Genuity noted in a recent research report that although there has been a lot of talk about the amount of assets under management (AUM) that bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now clear that these ETFs are creating extra demand for the underlying cryptocurrency. Leaders from 29 cryptocurrency-related organisations attended

According to the business on Tuesday, Puffer, a liquid stealth protocol, has raised $18 million in a Series A fundraising round. Brevan Howard Digital and Electric Capital led the financing, and the business noted in a press statement that Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, and GSR were

A groundbreaking invention that has quickly changed several sectors is blockchain technology. It is a fundamental shift in the way that data is stored, secured, and shared rather than just a catchphrase. This technical revolution revolves around the ability to comprehend and analyse blockchain data properly. A balanced approach is required to understand blockchain data.

In an attempt to curb energy-intensive cryptocurrency mining in the nation, the Norwegian government is proposing a regulation for data centers, according to a local news source VG that referenced two MPs.According to the report, the law will regulate the data center industry for the first time, forcing center operators to register with local regulators. This is according to Ministers of Digitalization Karianne Tung and Energy Terje Aasland. “The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want,” Tung reportedly said. Both lawmakers agree they don’t want cryptocurrency mining in the country, according to the publication. “It is associated with large greenhouse-gas emissions and is an example of

The financial regulator in South Africa has granted VALR, a cryptocurrency exchange, a licence. The announcement was made by the company on Monday. The Pantera-backed VALR, which had a valuation of $240 million in March 2022, is one of the first cryptocurrency companies to receive approval from the Financial Sector Conduct Authority (FSCA) of South

TheLandesbank Baden-Württemberg (LBBW), the biggest state-backed lender in Germany, confirmed on Monday that it will begin providing cryptocurrency custody services via a collaboration with Bitpanda, an Austrian exchange. The two companies have partnered strategically, whereby LBBW will receive infrastructure for “storing and procuring cryptocurrencies,” such as ether (ETH) and bitcoin (BTC), as well as “investment-as-a-service”

Economic Secretary Bim Afolami stated at the Innovate Finance Global Summit on Monday that the United Kingdom government plans to propose laws by June or July for stablecoins as well as for cryptocurrency staking, exchange, and custody. “We are now working at pace to deliver the legislation to put our final proposals for our regime

Investors are pulling out of collaborations and transactions in Nigeria as a result of the steps taken against Binance executives, especially in the web3 industry. According to Lucky Uwakwe, the chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), they bring up the government’s perceived animosity against business in Nigeria and the perceived lack of protection

The entire market capitalization of cryptocurrencies has decreased by 8.7% to $2.17 trillion over the last day, indicating that the market is currently down. The biggest cryptocurrency by market capitalization, Bitcoin, is spearheading the downturn after dropping 7.5% over the previous day to hover around $62,160 on April 14. In the same time frame, Ether,

Arjarwalla is currently being brought to Nigeria by the Nigerian government in cooperation with Interpol and the Kenyan Police so that he may answer to the accusations made against him. Following his release from detention, Nadeem Arjarwalla, the CEO of Binance, fled to Kenya, and the Nigerian government has now tracked him down and is

Following Iran’s attack on Israel, the value of Bitcoin and other cryptocurrencies fell precipitously. On April 13, the price of bitcoin fell by more than 8.4% as a result of Iran attacking Israel and intensifying geopolitical tensions in the Middle East. Within minutes of the attack, the market capitalization of cryptocurrencies was completely destroyed, with

Solana’s price falls to levels not seen in more over 30 days, resulting in a 21% decrease in open interest in the past 25hours. In the last day, Solana’s price and open interest (OI) have decreased, reflecting a general downturn in the cryptocurrency market. Still, traders are upbeat, seeing it as a “good opportunity.” According