With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans to introduce another stablecoin. In a Wednesday letter to Zuckerberg, Senators Elizabeth Warren and Richard Blumenthal said it was “more critical than ever that Congress…
A crypto credit card **works like** a regular credit card, **but with a twist**—you earn cryptocurrency rewards when you make purchases. Borrowing money comes from the bank’s credit line, used for various buys. Once the billing cycle ends, paying off the amount owed becomes essential. But hold on, it’s not as simple as it sounds….
Key Takeaways Stripe agreed to acquire crypto wallet provider Privy, enhancing their financial services offering. Like Bridge, Privy will continue operating independently. Share this article Stripe is acquiring Privy, a New York-based crypto wallet infrastructure firm, as part of its ongoing expansion into the digital asset space. The move follows Stripe’s $1.1 billion purchase of…
What does crypto have to gain, or lose, if Trump taps Scott Bessent as the next Fed Chair and accelerates the shift toward pro-growth, risk-friendly policies? Scott Bessent is quietly rising in conversations about the Next Fed Chair Scott Bessent, the current U.S. Treasury Secretary, has quietly emerged at the center of a growing conversation…
Ethereum (ETH) isn’t just climbing price-wise; it’s also positioning itself as the centerpiece of a massive derivatives play, with data from CoinGlass showing ETH futures open interest (OI) has surged to a historic high, going past $41 billion. This milestone coincided with Ethereum breaking key resistance levels and significantly outpacing Bitcoin (BTC) in derivatives trading…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum whales have started returning to the arena as the price has picked up once again. This return marks a turn for the digital asset, which has suffered from major sell-offs over the last few weeks. So far, they have more than…
Today in crypto, Ukrainian lawmakers have introduced a draft bill that would allow the National Bank of Ukraine (NBU) to include cryptocurrencies like Bitcoin in the country’s reserves, a slated Bitcoin software update has divided the community, and a US House committee approved a crypto market structure bill. Crypto asset reserve bill lands in Ukraine’s…
BOB Crypto is a Layer-2 protocol that combines elements of Bitcoin and Ethereum, aiming to enhance the functionality and capabilities of decentralized applications and blockchain technology. By integrating features from both Bitcoin and Ethereum, BOB Crypto seeks to address scalability issues and improve transaction speeds on the blockchain. This innovative approach holds the potential to…
Key Takeaways Major DCP issuer Guggenheim launches US Treasury-backed Digital Commercial Paper on the XRP Ledger. At its launch on Ethereum, Guggenheim issued $20 million of DCP, which received the highest credit rating from Moody’s, P-1. Share this article Guggenheim Treasury Services, one of the largest and most respected asset-backed commercial paper issuers, is bringing…
Ondo Finance has launched its flagship tokenized U.S. Treasuries product, OUSG, on the XRP Ledger, marking a major step forward in institutional-grade decentralized finance. According to a June 11 announcement on Ripple’s blog, qualified purchasers can now mint and redeem OUSG tokens around the clock using the RLUSD stablecoin as the settlement asset. OUSG, short…
