Day: 20 February 2025

Canary Capital has launched the Canary AXL Trust, a private investment vehicle for institutional and accredited investors, focusing on AXL, the native cryptocurrency of the Axelar Network. This marks Canary as the first firm to provide an investment trust centred on a blockchain interoperability protocol, showcasing its dedication to diversifying ...

Web3Bay is gaining massive attention as it introduces a decentralized e-commerce solution. Unlike major platforms such as Amazon and eBay, which control transactions and charge high fees, Web3Bay operates on blockchain technology to enable direct peer-to-peer buying and selling. This system allows users to trade securely while keeping transaction costs ...

Brian Armstrong, CEO of Coinbase, has weighed in on the rising popularity of memecoins, recognizing their growing presence in the crypto space while cautioning against illegal activities such as insider trading. Armstrong emphasized the historical presence of memecoins in the cryptocurrency industry, citing Dogecoin's longevity, and drawing comparisons between Bitcoin ...

The crypto market's been on a wild ride lately. Bitcoin's flirting with all-time highs, and new tokens are popping up like mushrooms after a rainstorm. It's easy to feel like you've missed the boat on the big players. But don't sweat it—while Bitcoin might be out of reach for some, ...

Dubai-based fintech firm MANSA has closed a $10 million funding round, marking a significant milestone in its global mission to solve liquidity challenges for payment providers. According to a blog post on February 20, The investment, led by Tether and co-led by Polymorphic Capital, saw participation from Octerra Capital, Faculty ...

Braza Group has introduced BBRL, a stablecoin pegged to the Brazilian Real, on the XRP Ledger (XRPL) to enhance digital transactions in Brazil and South America. The company, ranked sixth in Brazil’s interbank market operations by the Central Bank (BACEN), aims to provide a secure, cost-effective alternative for businesses and ...

The Hong Kong Securities and Futures Commission (SFC) has introduced a comprehensive roadmap aimed at reinforcing the city's role as a global leader in cryptocurrency and virtual assets. Announced on February 19, the ASPIRe initiative seeks to modernize Hong Kong’s regulatory framework, ensuring resilience against market volatility, fragmented liquidity, and ...

Aleš Michl, governor of the Czech National Bank (CNB), has called on financial institutions to study Bitcoin's underlying technology rather than fear it. In a February 19 post on X, Michl emphasized that Bitcoin should not be grouped with other crypto assets, highlighting its unique technological foundation. He argued that ...

The cryptocurrency market has been turbulent in 2025. Bitcoin, Ethereum, Solana, and XRP all suffered heavy corrections, with Bitcoin plunging below $94,000. The bearish sentiment led to $580 million in outflows from Bitcoin ETFs, marking the end of a six-week inflow streak. Meanwhile, trading volume across major crypto exchanges hit ...

Hong Kong is accelerating its efforts to establish itself as a global Web3 and digital finance leader, and tokenization and stablecoins are at the core of its strategy. According to the South China Morning Post, Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, has identified tokenization as a ...