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The Senate Banking Committee is gearing up to announce its first subcommittee dedicated to digital assets, Punchbowl News reported on Thursday. This development follows the Republican takeover of the US Senate last week, after the Nov. 2024 elections. With the Republican…
Sonic Labs announced on Thursday that its Ethereum Virtual Machine (EVM) layer-1 chain now supports Circle’s bridged USDC stablecoin through the Sonic Gateway. Sonic Partners with Circle to Integrate Bridged USDC The bridged USDC stablecoin, sourced from Ethereum via the Sonic…
Layer-1 blockchain MANTRA announced on Thursday a $1 billion partnership with the UAE-based DAMAC Group to tokenize real-world assets (RWA) in the Middle East. DAMAC Group plans to tokenize assets worth $1 billion using the MANTRA blockchain. “This partnership with DAMAC…
The top Brazilian financial regulator has announced a plan to reform the nation’s crypto tax laws. In an official release from the Receita Federal (RF), the regulator said it would change the way it taxes crypto trading profits in “the first…
UK-based Standard Chartered revealed plans on Thursday to establish a Luxembourg-based entity as its regulatory hub for crypto and digital asset custody services across the European Union (EU). 🚨 BREAKING 🚨 🇪🇺 $1 trillion Standard Chartered will now start offering Bitcoin…
Jeremy Allaire, Circle’s CEO, revealed on Thursday that the company had donated $1 million USDC to President-elect Donald Trump’s inaugural committee. @circle has contributed 1M USDC to President Trump's Inaugural Committee. We are excited to be building a great American company,…
On January 9, PeckShieldAlert, a blockchain security and forensic platform, revealed that crypto hacks and scams cost $3.01 billion in 2024. This represents a substantial 15% increase compared to the $2.61 billion lost in the crypto industry
Mastercard has unveiled the expansion of its innovative Crypto Credential solution to the UAE and Kazakhstan, marking its debut in the Eastern Europe, Middle East, and Africa (EEMEA) region. The solution aims to simplify cryptocurrency transactions by allowing users to send…
China’s massive and tech-savvy population still drives global demand for blockchain applications, in spite of strict regulatory restrictions, found the ‘GTM in Asia’ report by Foresight Ventures and Primitive Ventures. “Western discourse often assumes that “China has completely banned crypto,” leading…
The Hong Kong Monetary Authority (HKMA) has unveiled the “Supervisory Incubator for Distributed Ledger Technology” (DLT) to help banks safely adopt blockchain-based solutions and unlock their potential. The initiative, announced on January 8, is aimed to assist banks in adopting blockchain…
Crypto exchange platform OKX has issued a warning about a fake OKX Wallet browser extension that recently appeared on the Firefox browser plugin store. The warning note posted on X stressed that OKX has not released any Firefox plugins. Further, they…
Bullish Group revealed on Wednesday that its German subsidiary, Bullish DE Custody GmbH, had secured key regulatory approvals from Germany’s Federal Financial Supervisory Authority (BaFin) to advance its operations in Europe. Bullish Secures BaFin Licenses to Drive Expansion in Europe The…