Tether clocks $13B in 2024 profits, US bond holdings hit all-time highs
The USDT issuer has struggled to maintain dominance in the face of competition from rivals such as Circle and its USDC stablecoin.
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Next stop Shanghai — Ethereum’s latest milestone approaches
The Ethereum ecosystem will continue its ongoing metamorphosis as the highly anticipated Shanghai upgrade draws near. The latest preeminent smart contract blockchain protocol improvement will activate Ether (ETH) withdrawals from Ethereum’s Beacon Chain.The Merge marked a significant milestone for the Ethereum network in 2022, with the blockchain platform shifting from proof-of-work to proof-of-stake consensus. That…

Cashless-Bound: Japan’s Transport and E-Commerce Partnership on the Fast Track
The Japanese transportation industry is leading the country’s long-standing efforts to go cashless. Earlier this month, two major players from the archipelago’s e-commerce and transport industries partnered up to simplify and promote payments that do not require hard cash.Homegrown e-commerce giant Rakuten plans to incorporate its services into Japan’s premier railway firm, the East Japan…

TMX buys 78% of ETF tool VettaFi for $848M, boosting stake to 100%
Toronto Stock Exchange owner TMX is finalizing the purchase of VettaFi, an ETF tool that lists blockchain and cryptocurrency-themed E3TFs, including the VanEck Digital Transformation ETF. 904 Total views 3 Total shares TMX Group, the operator of Canadian stock exchanges such as the Toronto Stock Exchange and the Montreal Exchange, is finalizing the acquisition of

EU Commission to ensure ‘healthy competition’ in the Metaverse
Margrethe Vestager, the executive vice president of the European Commission, stressed the need to anticipate and plan for changes in technological advancements. 318 Total views 7 Total shares Own this piece of history Collect this article as an NFTConsidering the regulatory struggle to keep up with ever-evolving innovations, Margrethe Vestager, the executive vice president of…

23yo Venezuelan allegedly steals $1m in BTC from clients after faked abduction
The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients' funds. 433 Total views 45 Total shares Venezuelan authorities are on the lookout for a scammer accused of disappearing with 23.66 Bitcoin (BTC) worth $1.15 million from his clients’ accounts after faking his own kidnapping.On Aug. 29th, Douglas…

US District Attorney Charges OneCoin Founders With ‘Billions’ in Alleged Fraud
A United States District Attorney has charged the founders of an international cryptocurrency pyramid scheme that involved the marketing of an allegedly fraudulent digital currency called “OneCoin.” The announcement was published by the U.S. Attorney Office of the Southern District of New York on March 8.The founders and leaders of OneCoin, Konstantin Ignatov and his…

BIS: 70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans
A new report published on Jan. 8 by the Bank for International Settlements (BIS) has found that seventy percent of central banks worldwide are conducting research into central bank digital currency (CBDC) issuance. However, concrete plans for implementation and motivations vary considerably across contexts.The BIS is an organization based in Switzerland made up of 60…

Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing
Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control.‘Governments cannot stop this innovation’During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were…