This discussion surfaces after OKX re-entered the US market in April OKX, one of the world’s leading cryptocurrency exchanges, is reportedly weighing the possibility of going public in the US. The move would mark a significant shift in the exchange’s growth strategy, especially as it faces tightening regulatory conditions in parts of Asia. According to
The new staking method uses proof-of-stake networks to secure transactions and funds Kraken has officially launched a new way for users to stake Bitcoin by partnering with Babylon Labs. This move allows users to earn staking rewards without wrapping, lending, or moving their BTC off the Bitcoin blockchain. Instead, the process takes place through Babylon’s
Approval would mark the first time a regulated US market accepts a stablecoin as collateral Circle’s USDC stablecoin is set to play a bigger role in traditional finance, with plans underway to use it as collateral in US futures trading. Coinbase Derivatives and Nodal Clear announced this week that they’re working to make USDC eligible
A companion bill in the House still needs to be approved for the legislation to advance The US Senate passed the GENIUS Act, a crucial step towards creating a federal regulatory framework for stablecoins. Legislators approved an amended bill yesterday in a 68-30 vote, formally referred to as the Guiding and Establishing National Innovation for
The Tron blockchain addresses are allegedly tied to money laundering Tether has frozen more than $12.3 million in USDT on the Tron blockchain, continuing its ongoing effort to limit the use of its stablecoin in illicit activity. The freeze occurred at 9:15 AM UTC on Sunday, according to blockchain data from Tronscan. While Tether hasn’t
The money will cover the court-ordered settlement costs and could put the battle to rest Ripple and the US Securities and Exchange Commission (SEC) have taken a step toward finalizing their lengthy legal battle. Both parties recently filed a joint request to release $125 million held in an escrow account. This money is set to
The rumored goal is to give consumers streamlined payment options Walmart and Amazon are reportedly exploring the idea of launching their own US dollar-backed stablecoins, according to The Wall Street Journal. While neither company has publicly confirmed these plans, sources familiar with the matter say both retail giants are considering creating digital tokens tied to
The bill’s advancement suggests growing momentum for federal regulation of stablecoins The US Senate has voted to advance the Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, by a 68-30 margin. The decision moves the bill closer to a full floor debate and vote, potentially setting the stage for
The arrangement will see the investment manager put its fixed-income investment products on Ledger US investment firm Guggenheim is taking another foray into blockchain through a partnership with Ripple to bring its fixed-income investment products onto the XRP Ledger. The move comes amid growing interest in leveraging blockchain infrastructure to back real-world financial assets, particularly
The company has allegedly been helping Russia bypass sanctions Iurii Gugnin, the founder of Evita Pay, has been arrested in New York and charged with laundering more than $500 million into the US through cryptocurrency, according to the US Department of Justice. Federal prosecutors allege Gugnin used his crypto payments firm to help sanctioned Russian
Improvements being made to the crypto exchange will make onboarding easier Coinbase has made great leaps in solving one of its most berated customer support issues: unjustified account freezes. CEO Brian Armstrong stated in a tweet on June 6 that the cryptocurrency exchange has reduced such incidents by 82%, crediting recent improvements in its technology
Circle’s shares are now trading under the ticker symbol CRCL Circle, the FinTech firm behind the USDC stablecoin, has officially gone public, marking a major step for the company and for the broader crypto sector. Yesterday, Circle’s shares—trading under the ticker symbol CRCL—began trading on the New York Stock Exchange. Circle CEO Jeremy Allaire shared
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