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A Friday report from Bloomberg suggested closer ties between US President Donald Trump’s family-backed crypto business and one of the largest digital asset exchanges. Cryptocurrency exchange Binance reportedly helped create the code behind the stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. According to a…
Ripple CEO Brad Garlinghouse says the growth behind the stablecoin market has been “profound” as it announced BNY Mellon as the firm’s stablecoin custodian for RLUSD. Ripple CEO Brad Garlinghouse says there’s a widely-held belief that the stablecoin market could grow almost ten times over the next few years. The stablecoin industry is currently around…
Shares of Kakao Bank, Kookmin Bank and the Industrial Bank of Korea rose by 10% to 19% following stablecoin trademark applications. Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets. According to Google Finance data, at least three South Korean banks that recently applied for…
Rails, Yupp, Beam, Frachtis, Interface Labs, Gradient Network, Story, Blueprint Finance and Units Network headline the latest VC Roundup. Venture capital funding in the crypto industry has shown signs of stagnation in recent months, with some firms struggling to close new funds — a trend highlighted by Sarah Austin, co-founder of the real-world asset (RWA)…
US Republican leaders say the House will look to pass bills on stablecoins, crypto market structure and CBDCs in mid-July in what they’ve dubbed “Crypto Week.” US Republican House leaders have pledged to consider three key crypto bills starting in mid-July as part of a regulatory “Crypto Week.” House Finance Committee Chair French Hill, House…
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens. China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of…
The FATF is shaping global crypto rules from behind the scenes, with stablecoins and DeFi next in line for scrutiny. Cryptocurrency regulations are increasingly aligning with global standards; 73% of eligible jurisdictions have now passed laws to implement the Financial Action Task Force’s (FATF) Travel Rule. The Travel Rule mandates crypto service providers to collect…
Over 25% of Koreans in their 20s to 50s now hold crypto, with 70% looking to expand their investments as virtual assets become central to retirement planning. More than a quarter of South Koreans in their 20s to 50s now own digital assets, with their crypto investments making up 14% of their total financial portfolios,…
In the UAE’s complex crypto landscape, founders who treat legal and regulatory structuring as a core element of their go-to-market strategy — not an afterthought — are the ones who thrive. Opinion by: Irina Heaver, crypto lawyer. Founders who treat regulatory structuring as a central part of their go-to-market strategy are the ones who thrive…
The reported business deal would make the “Web3-native fund” one of World Liberty Financial’s biggest tokenholders, with more than Tron founder Justin Sun. World Liberty Financial, the cryptocurrency company backed by US President Donald Trump and his family, has reported that a United Arab Emirates-based company purchased $100 million worth of the platform’s governance token,…