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Investors didn’t take too kindly to new crypto acquisitions from treasury companies on Monday, while announcements from crypto-pivoting businesses had the opposite effect. Crypto stocks saw mixed day of trading in the US on Monday as investors winced over crypto treasury firms’ latest buying, but still took well to new crypto pivots and acquisitions. Stocks…
Stable, a Bitfinex-backed blockchain linked to Tether, announced PayPal Ventures’ support to bring the PayPal USD stablecoin onto its network. Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD)…
Strategy’s latest $99.7 million Bitcoin acquisition brought its total Bitcoin holdings to 639,835 BTC, acquired for about $47.3 billion. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, added more BTC to its balance sheet last week as the US Federal Reserve cut interest rates for the first time this year. Strategy acquired 850 Bitcoin…
OKX founder and CEO Star Xu cited the CFTC enforcement action against Deridex in September 2023 as a concern, but didn’t specify if it was why OKX paused its launch. Crypto exchange OKX built a decentralized perpetuals trading platform akin to Hyperliquid and Aster but held off launching it over regulatory concerns, its founder says….
The lion’s share of donations has come from trading fees for a newly launched memecoin called $GIGGLE, launched by an X user known as RUNE. Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin. Giggle Academy’s…
Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage. Three major international vehicle manufacturers have started accepting a Tether in Bolivia to navigate its collapsing US dollar reserves, marking a major step in the Latin American country’s…
Blockchain, artificial intelligence, and online platforms are the future of commerce as the world moves to an internet-first economy. The traditional economy is being phased out in advanced countries that are transitioning to an internet-first economy dominated by the tech industry and digital platforms, according to Balaji Srinivasan, a former executive at crypto exchange Coinbase…
Privacy experts warn EU’s Chat Control law could break encryption, erode trust in digital platforms and push users toward decentralized Web3 solutions. As EU lawmakers near a decision on the “Chat Control” law, privacy experts warn it could break public trust in digital communication and push users toward Web3 platforms. As European lawmakers near a…
Nasdaq-listed Flora Growth will rebrand to ZeroStack after raising $401 million to support 0G, a decentralized AI blockchain training 107B-parameter models. Nasdaq-listed cannabis firm Flora Growth has launched a $401 million treasury initiative to back Zero Gravity (0G), a blockchain project focused on powering decentralized AI infrastructure. The move comes through a private placement deal…
YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin. Tech-focused venture capital firm YZi Labs has increased its stake in Ethena, the stablecoin issuer behind USDe, which will assist the digital dollar’s adoption across decentralized and centralized platforms….