First US Bank-Issued Stablecoin on Permissionless Blockchain Goes Live
First US Bank-Issued Stablecoin on Permissionless Blockchain Goes Live First-ever tokenization of U.S. dollar bank deposits on Ethereum signals a seismic shift in traditional finance, with stablecoins now fully regulator-approved. Custodia and Vantage Bank Complete Historic Stablecoin Transaction on Ethereum Custodia Bank announced on March 25 that it had completed a landmark transaction in partnership with Vantage Bank, describing it as “America’s first-ever tokenization of a bank’s U.S. dollar
Ethereum Goes Inflationary Amid Wave of Negative Sentiment Against Rollups
Ethereum Goes Inflationary Amid Wave of Negative Sentiment Against Rollups While there are several theories about the cause of this, many revolve around Ethereum’s scaling path, adopting L2 structures that interfere with the burn mechanisms designed to prevent this. Ethereum Inflation Goes Positive: Are L2s Guilty? Ethereum, the second-largest cryptocurrency ecosystem in the industry, is experiencing widespread criticism due to its poor price performance and low utilization of its base layer. R
Zimbabwe Not Ready to De-Dollarize, Says Finance Minister
Zimbabwe Not Ready to De-Dollarize, Says Finance Minister Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital markets since 1999 due to defaulting on its debt. Clearing arrears would enable access to balance of payments support, which is essential for managing imports and defending the currency. The Zi
Roger Ver’s Plea to Trump: End US Lawfare and Uphold Justice
Roger Ver’s Plea to Trump: End US Lawfare and Uphold Justice Roger Ver, the cryptocurrency pioneer known as “Bitcoin Jesus,” is fighting against what he calls politically motivated lawfare, urging President Donald Trump to intervene as his extradition to the U.S. looms. Roger Ver Calls on Trump to End Political Persecution as Extradition Looms In a recent Coindesk interview, Roger Ver detailed his battle against what he claims is an unjust legal campaign by U.S. authorities. Speaking from Spain
University of Waterloo to Create Blockchain and AI Lab With $1 Million Interop Labs Donation
University of Waterloo to Create Blockchain and AI Lab With $1 Million Interop Labs Donation Interop Labs has announced a significant $1 million donation to the University of Waterloo to establish the GENESIS Lab, a cutting-edge research facility focused on the intersection of artificial intelligence (AI) and blockchain technology. This initiative, part of the Computer Research Endowment at the David R. Cheriton School of Computer Science, aims to foster collaboration between academia and indus
Russia and Ethiopia Take Steps Away From US Dollar as Dedollarization Grows
Russia and Ethiopia Take Steps Away From US Dollar as Dedollarization Grows Countries are accelerating a shift away from the U.S. dollar in trade, with Russia and Ethiopia deepening currency ties to enhance economic stability and reduce reliance on foreign exchange. Global Shift Away From US Dollar Accelerates—Russia and Ethiopia Deepen Currency Ties Countries worldwide are increasingly shifting away from the U.S. dollar in trade, opting instead for national currencies to reduce reliance on for
FDIC to Revise Guidelines, Opening the Door for Banks to Engage in Crypto
FDIC to Revise Guidelines, Opening the Door for Banks to Engage in Crypto The FDIC is set to revise its crypto guidelines, potentially allowing banks to engage in digital asset activities. This shift aligns with the pro-crypto stance of the Trump administration, paving the way for tokenized deposits and broader banking participation in crypto. FDIC to Allow Banks to Engage in Crypto In a major policy shift, the U.S. Federal Deposit Insurance Corporation (FDIC) is reportedly revising its crypto
BRICS Currency Plan Closely Monitored by US, Says Indian Expert
BRICS Currency Plan Closely Monitored by US, Says Indian Expert The U.S. is closely monitoring BRICS currency talks, an Indian expert says, as the bloc advances efforts to reduce dollar reliance and boost financial sovereignty. US Monitoring BRICS Currency Talks, Says Indian Expert The ongoing push within BRICS to explore dedollarization and introduce a potential BRICS currency has garnered significant attention from global powers, particularly the United States. Indian international relations
Brazilian Authorities Suspend Sam Altman's World Rewards
Brazilian Authorities Suspend Sam Altman's World Rewards The National Data Protection Authority (ANPD), Brazil’s data watchdog, has barred World, Sam Altman’s digital ID project, from offering rewards to users who enroll in its platform. Brazilian Authorities Ban World Crypto Rewards Program Sam Altman’s World, the proof-of-humanity biometric ID project, is embroiled in a battle against Brazilian authorities. The National Data Protection Authority (ANPD), Brazil’s data watchdog, has barred the
Binance CEO: 2025 Set for Bitcoin's All-Time High Amid US Regulatory Overhaul
Binance CEO: 2025 Set for Bitcoin's All-Time High Amid US Regulatory Overhaul Binance CEO Richard Teng predicts bitcoin’s all-time high in 2025, citing regulatory shifts under Trump’s leadership, strategic U.S. moves, and pro-crypto momentum. Binance CEO Says Bitcoin Will Hit All-Time High in 2025, Backed by Trump’s Reforms Binance CEO Richard Teng shared his optimism last week about bitcoin reaching a new all-time high in 2025, attributing his forecast to what he described as a shifting regula
Bitcoin Price Dips Below $100,000 in Dramatic Market Shift
Bitcoin Price Dips Below $100,000 in Dramatic Market Shift In a notable financial shift, bitcoin’s valuation underwent a sharp descent, plummeting from a peak of $106,294 to a lower bound of $99,462. This decline signals a significant alteration in the digital currency’s recent path. Bitcoin’s Sudden Plunge Sparks Market Mayhem The market capitalization of bitcoin (BTC) currently hovers around $1.98 trillion, mirroring the unexpected fluctuations within the cryptocurrency markets during bull r
Nigeria Approves First Dedicated AI University in Africa
Nigeria Approves First Dedicated AI University in Africa Nigeria is set to launch Africa’s first dedicated artificial intelligence (AI) university, Wini Institution, in Epe, Lagos. This ambitious project aims to equip young Nigerians with cutting-edge AI skills, fostering a thriving tech ecosystem and positioning Nigeria as a global leader in AI innovation. Inspired by a similar institution in Qatar, Wini University has received approval from the Nigerian government and plans to offer programs
‘Things Will Be Different Tomorrow’: Microstrategy's Saylor Teases Next Big Bitcoin Move
‘Things Will Be Different Tomorrow’: Microstrategy's Saylor Teases Next Big Bitcoin Move According to recent data, Michael Saylor’s Microstrategy holds an impressive 450,000 BTC, with the value of its holdings increasing by 68%. This equates to a $19.055 billion rise in the overall value of the company’s bitcoin reserves. Michael Saylor’s Bitcoin Empire Over the past six months, shares of the business intelligence firm Microstrategy (Nasdaq: MSTR) have appreciated by an extraordinary 152% when
Trump Inherits Biden’s Economic Time Bomb: Debt Crisis, Inflation, and Global Tensions Await
Trump Inherits Biden’s Economic Time Bomb: Debt Crisis, Inflation, and Global Tensions Await With Donald Trump stepping into the role of Commander in Chief on Monday, the newly established Republican administration faces an array of pressing challenges following the profound economic damage wrought under Joe Biden’s tenure. Can Trump Salvage America’s Economic Future? On her final day in office, Biden’s Treasury Secretary, Janet Yellen, delivered a dire admonition in a letter, pointing out tha
Bitcoin Technical Analysis: Is a Breakout Above $97K on the Horizon?
Bitcoin Technical Analysis: Is a Breakout Above $97K on the Horizon? Bitcoin is trading at $96,156 with a market cap of $1.90 trillion, a 24-hour trade volume of $64 billion, and an intraday range of $89,164 to $97,328, reflecting mixed signals across technical indicators and timeframes. Bitcoin The daily chart shows bitcoin in a downtrend, with the price declining from a peak of $108,364 to a low of $89,164. Recent bullish attempts are weak, as evidenced by moderate buying volumes compared to
Intesa Sanpaolo: Italy’s Largest Bank Makes History With Bitcoin Settlement
Intesa Sanpaolo: Italy’s Largest Bank Makes History With Bitcoin Settlement Italy’s largest bank, Intesa Sanpaolo, has etched its name in financial history as the first Italian institution to venture into direct bitcoin settlement. First Bitcoin Deal by Italy’s Largest Financial Institution On Jan. 13, 2025, the bank executed a proprietary bitcoin transaction valued at one million euros, securing 11 bitcoin (BTC), as disclosed in an internal memo. This pivotal development follows the 2023 ince
Tether Relocating to El Salvador After Receiving Stablecoin Issuer License
Tether Relocating to El Salvador After Receiving Stablecoin Issuer License Tether, the company behind USDT, has announced its imminent relocation to El Salvador after receiving a stablecoin issuer license. Paolo Ardoino, CEO of Tether, described this move as a natural progression that will allow the company to strengthen its focus on emerging markets. Tether Moves to El Salvador to Focus on Emerging Markets Tether, one of the largest companies in the crypto industry, has revealed it is in the f
$2.2M in Crypto Frozen by AG Letitia James, Securing Funds for Victims
$2.2M in Crypto Frozen by AG Letitia James, Securing Funds for Victims A $2.2 million cryptocurrency scam targeting job seekers was halted as the NY Attorney General froze funds, uncovering fake fees and untraceable transfers. AG James’ Bold Move Freezes $2.2M Crypto Loot From Fake Job Scammers The Office of New York Attorney General Letitia James announced last week that James has filed a lawsuit to recover $2.2 million in cryptocurrency stolen through a sophisticated text message scam target
Crypto ATM Numbers Approach Record High: A Steady Recovery After Industry Shocks
Crypto ATM Numbers Approach Record High: A Steady Recovery After Industry Shocks After a turbulent 2023 followed by a recovery in 2024, the global count of crypto-automated teller machines (ATMs) is inching closer to its former high of 39,958, achieved on Dec. 1, 2022. Crypto ATMs Prove Resilient in Post-Terra and FTX Era, Near Record Numbers The trajectory of crypto ATMs saw dramatic shifts following the Terra stablecoin crisis and the FTX collapse in Nov. 2022. According to coinatmradar.com,
El Salvador Aims to Purchase DOJ’s Seized Bitcoin at a Discount
El Salvador Aims to Purchase DOJ’s Seized Bitcoin at a Discount Nayib Bukele, the President of El Salvador, who has continued to push forward with bitcoin policies in his country, announced that he aims to profit from the potential DOJ sales of bitcoin seized as part of the Silk Road market takedown. El Salvador Hints at Purchasing Silk Road-Seized Bitcoin, Presses Ahead With New BTC Acquisitions Market participants, including nation-states like El Salvador, are awaiting the next steps the U.S