Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
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BNB Chain to boost European Web3 startups with DApp incubator program
The incubator program focuses on EU-based startups building the next generation of Web3 consumer experiences with an emphasis on accessibility and scalability. 740 Total views 17 Total shares
Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold
The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies. Testifying before the Senate Banking Committee on July 11, Fed Chairman Jerome Powell gave his analysis of whether a cryptocurrency system with global prevalence could diminish — or even go so far…
Bitcoin is no ‘silver bullet’ for money’s ethical problems
Both Bitcoin and fiat currency are often in the firing line over ethical concerns, with a dedicated group of defenders and critics.
Philippine SEC Exposes Fraudulent ‘Abundance-Based’ Crypto Investment Scheme
The Philippines Securities and Exchange Commission (SEC) has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin” (TBC).Marketed as a so-called “abundance-based cryptocurrency,” the SEC said in an advisory on April 14 that TBCoin’s promoters present the asset as a decentralized cryptocurrency that “aims to revolutionize the global…
Robinhood reportedly allowing instant deposits for crypto purchases again as DOGE surges
The feature was originally suspended on Jan. 29. 1280 Total views 7 Total shares Stock and crypto trading app Robinhood has reportedly re-enabled instant deposits for cryptocurrency purchases after almost a week.Robinhood has removed the original update on its support page suspending instant deposits, and its website currently shows certain users once again have "instant…
Bitcoin reclaims blockchain dominance post-BTC halving
Bitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume.
Solana Saga sells for up to $5K on eBay as Bonk frenzy causes sell-out
After months of tepid sales, the Solana Saga phone is now “SOLD OUT” on its official website amid a recent frenzy for the free Bonk memecoin airdrop. A Solana Saga phone appears to have sold for as much as $5,000 on eBay — more than eight times its retail cost — after a frenzy to
Trump's RNC speech gave tech enthusiasts hope for the future
Residents of Silicon Valley have been boarding the Trump train, and Trump's speech at the RNC illustrated some of the reasons.