The Reserve Bank of Australia (RBA) seems to be prioritizing the development of a wholesale central bank digital currency (CBDC) over a retail version because of the potential economic benefits and reduced complexity for the nation's financial system. RBA...
Digital asset custodian BitGo is set to challenge the stablecoin market dominance of Tether's USDT and Circle's USDC with the launch of its new product: "The USD Standard (USDS) stablecoin," in January 2025. In a recent press release, BitGo...
Fireblocks, a digital asset management platform, and blockchain developer Chainlink Labs have announced a strategic partnership to build and offer banks and financial institutions a secure and compliant technology solution for issuing and transacting stablecoins globally. According to a...
The TON Foundation, the nonprofit backing the development of The Open Network (TON) blockchain, has unveiled a new partnership with Curve Finance, a leading DEX. The collaboration aims to launch a swap project that will improve user experience and...
Stablecoin issuer Circle has partnered with Sony Block Solutions Labs to introduce USDC to Soneium, the Japanese tech giant’s recently launched public Ethereum Layer 2 blockchain. The partnership, revealed on September 16, will see Soneium integrate Circle's Bridged USDC...
Recent data from blockchain analytics firm IntoTheBlock (ITB) reveals a significant surge in Bitcoin outflows from exchanges, with approximately $750 million in assets withdrawn on September 10, 2024. This marks the largest net outflow of Bitcoin (BTC) since May,...
Bitcoin is currently suffering from an identity crisis. Though initially conceived as a decentralized, peer-to-peer electronic cash system, the cryptocurrency has evolved to embody two distinct, sometimes conflicting identities: a store of value akin to "digital gold" and a...
Tokyo-listed investment firm Metaplanet has continued to pursue its Bitcoin accumulation strategy aggressively. The company recently purchased 38.464 Bitcoin, valued at approximately 300 million yen ($2 million), bringing its total Bitcoin holdings to 398.832 BTC, worth around 3.75 billion...
HTX (formerly Huobi) has announced that it will be removing several USDD trading pairs following recent concerns about the stablecoin's backing and significant collateral withdrawals by the TRON DAO Reserve. In a press release dated September 9, the crypto...
The Spanish multinational banking giant BBVA has begun offering Circle’s USDC stablecoin to its high-profile clients in its Swiss division. BBVA’s institutional and private banking clients in Switzerland can now manage USDC alongside their traditional investments on a single...
