Stablecoin growth soars as crypto global mass adoption ramps up

The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their deposits are safe. On Mar. 12, the New York District of Financial Services (NYDFS) took possession of crypto-friendly Signature Bank. The Federal Reserve also stated that the closing…

The Central African Republic prepares to launch its first major crypto hub shortly after the National Assembly adopted Bitcoin as legal tender. 77 Total views 56 Total shares Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure.CAR President Faustin-Archange…

The previous six months should have been extremely beneficial to Ether's (ETH) price, especially after the project's most significant upgrade ever in September 2022. However, the reality was the opposite: between September 15, 2022, and March 15, 2023, Ether underperformed Bitcoin (BTC) by 10%.Ether/Bitcoin price on Bitfinex, 2-day. Source: TradingViewThe price ratio of 0.068 ETH/BTC…

eNaira will continue to circulate alongside its fiat counterpart, however, promising a faster, cheaper, and more secure option for monetary transactions. 169 Total views 5 Total shares The Nigerian Federal High Court joins the growing list of regulators across the globe to approve the rollout of a central bank digital currency (CBDC) as a legal…

A State Street exec says there is an institutional “belief that the asset class is here to stay” and to expect further product launches from traditional finance firms moving forward. 100 Total views 13 Total shares Institutional investors are unfazed by the current crypto winter and have maintained their interest in blockchain and digital assets…

SpaceChain claims to have signed the first multi signature transaction in outer space. According to an announcement published on August 18, SpaceChain has successfully demonstrated the first use of blockchain hardware on the International Space Station, or ISS. This feat was made possible through a collaboration with the European Space Agency, which appears to have…

Recently, there have been discussions regarding Estonia’s new law on cryptocurrency, the revocation of 500 crypto licenses in Estonia, and companies exiting from Estonian regulatory jurisdiction. Let’s focus on three major recommendations.Do your research before engaging with a legal partner in EstoniaYes, it might sound odd, but I think one of the reasons why companies…

Bitcoin (BTC) bulls are probably quite disappointed with how the start of 2022 has shaped up, especially since the cryptocurrency plunged over 20% in the first 25 days of the year. Even more shocking is the fact that the supposed $32,930 bottom on Jan. 21 was the lowest level BTC price had seen in 6…

While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors.For Siam Commercial Bank (SCB), DeFi is a major focus…