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Showing posts from March, 2025

Upcoming economic events 1 April 2025

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Upcoming economic events 1 April 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsRetail Sales (MoM) (Feb)0.3%0.3%01:452 pointsCaixin Manufacturing PMI (Mar)50.650.803:303 pointsRBA Interest Rate Decision (Apr)4.10%4.10%03:302 pointsRBA Rate Statement--------------------08:002 pointsHCOB Eurozone Manufacturing PMI (Mar)48.747.609:002 pointsCore CPI (YoY) (Mar)2.5%2.6%09:003 pointsCPI (YoY) (Mar)2.2%2.3%09:002 pointsCPI (MoM) (Mar)----------0.4%09:002 pointsUnem... Coinatory crypto news

Elon Musk Clarifies: No U.S. Government Plans to Adopt Dogecoin

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Elon Musk Clarifies: No U.S. Government Plans to Adopt Dogecoin The well-known businessman and CEO of Tesla, Elon Musk, has made it clear that the US government has no plans to accept Dogecoin for official use. This explanation follows rumors that the well-known cryptocurrency is connected to the Department of Government Efficiency (DOGE), a project that Musk is leading. ​ Speaking at an America PAC town hall in Green Bay, Wisconsin, on Sunday, Musk addressed the rumors directly: "There are no plans ... Coinatory crypto news

Recall Airdrop Guide: Decentralized Intelligence Network Backed by $30M in Investments

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Recall Airdrop Guide: Decentralized Intelligence Network Backed by $30M in Investments Recall Airdrop is a decentralized intelligence network built to help autonomous AI agents store, share, and exchange knowledge directly on-chain. Born from the merger of 3Box Labs and Textile, it combines the strengths of Ceramic and Tableland to power a fully decentralized platform for AI data interactions. With Recall, AI agents can access trustworthy, censorship-resistant data, enabling permissionless training, collaboration, and monetizatio... Coinatory cryptocurrencies news

Binance Bridges Centralized and Decentralized Trading with New CEX-to-DEX Feature

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Binance Bridges Centralized and Decentralized Trading with New CEX-to-DEX Feature Binance, a leading cryptocurrency exchange, has launched a new functionality enabling direct trades from its centralized exchange (CEX) to decentralized exchanges (DEXs). This feature allows users to execute DEX trades using funds held in their Binance wallets, eliminating the need for manual asset transfers or complex bridging processes. Through this integration, users can transact with stablecoins such as Circle’s USDC to acquire tokens acr... crypto news

Upcoming economic events 31 March 2025

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Upcoming economic events 31 March 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsChinese Composite PMI (Mar)----------51.101:302 pointsManufacturing PMI (Mar)50.450.201:302 pointsNon-Manufacturing PMI (Mar)50.550.413:452 pointsChicago PMI (Mar)45.545.523:502 pointsTankan All Big Industry CAPEX (Q1)----------11.3%23:502 pointsTankan Big Manufacturing Outlook Index (Q1)91323:502 pointsTankan Large Manufacturers Index (Q1)121423:502 pointsTankan Large Non-Manufac... Coinatory cryptonews

Trader Turns $2K into $43M in PEPE, Nets $10M Profit

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Trader Turns $2K into $43M in PEPE, Nets $10M Profit In a compelling display of the high-risk, high-reward nature of cryptocurrency investing, a trader reportedly turned a $2,000 initial stake into over $43 million through early investment in the memecoin Pepe (PEPE). This position, accumulated in the token’s formative stage, yielded a staggering 4,718-fold return on investment. At PEPE’s peak valuation, the trader’s holdings—1.5 trillion tokens—were worth $43 million. Despite the token’s signi... Coinatory cryptocurrency news

Ethereum's Investment Viability Questioned Amid Layer-2 Expansion​

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Ethereum's Investment Viability Questioned Amid Layer-2 Expansion​ Ethereum's investment appeal is under scrutiny as prominent venture capitalists highlight concerns over the impact of Layer-2 (L2) solutions and token proliferation on the network's value.​ Nic Carter, partner at Castle Island Ventures, attributes Ethereum's diminished investment attractiveness to "greedy Eth L2s siphoning value from the L1 and the social consensus that excess token creation was A-OK." He further asserts that Ethereum "w... cryptocurrency news

GameStop's $3B Market Cap Decline Amid Bitcoin Investment Concerns

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GameStop's $3B Market Cap Decline Amid Bitcoin Investment Concerns GameStop Corp. saw its market capitalization shrink by approximately $3 billion on March 27, 2025, following a sharp sell-off prompted by investor unease over the company’s decision to allocate significant capital toward Bitcoin. The company’s stock fell 22.1% to close at $22.09, a steep decline from the previous day’s $28.36. This drop followed GameStop’s announcement of a $1.3 billion private offering of convertible senior notes, with proce... Coinatory

FTX to Initiate Major Creditor Repayments by May 30, 2025​

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FTX to Initiate Major Creditor Repayments by May 30, 2025​ By May 30, 2025, the troubled cryptocurrency exchange FTX is expected to start paying back its principal creditors. In order to support these distributions, the business has accumulated over $11.4 billion in liquid assets since its collapse in November 2022. ​ Creditors who started receiving payments earlier this year and had "convenience claims" (those with claims of $50,000 or less) were given priority in the initial disbursements. The... Coinatory crypto news

Binance's 'Vote to Delist' Spurs Ethereum Delisting Rumors; CZ Responds​

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Binance's 'Vote to Delist' Spurs Ethereum Delisting Rumors; CZ Responds​ Recently, Binance, the leading cryptocurrency exchange in the world, launched two community-driven projects called "Vote to List" and "Vote to Delist." By taking part in the listing and delisting procedures, these tools enable users to have an impact on the token offerings on the platform. ​ After these capabilities were revealed, there were baseless accusations that Binance planned to remove Ethereum (ETH) from its centralized exchange.... Coinatory crypto news

Trump Grants Clemency to BitMEX Co-Founders Convicted of Financial Crimes

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Trump Grants Clemency to BitMEX Co-Founders Convicted of Financial Crimes Following their convictions on federal charges pertaining to anti-money laundering offenses, former U.S. President Donald Trump has granted complete pardons to Arthur Hayes, Benjamin Delo, and Samuel Reed, the co-founders of the cryptocurrency exchange BitMEX. The executives previously acknowledged that BitMEX did not follow the correct anti-money laundering procedures when they entered a guilty plea to violating the Bank Secrecy Act. Federal... Coinatory

Senator Blasts Gary Gensler Over Crypto Policy Missteps

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Senator Blasts Gary Gensler Over Crypto Policy Missteps U.S. Senator Bernie Moreno referred to former Securities and Exchange Commission (SEC) Chairman Gary Gensler as "one of the stupidest people in government" in a scathing attack that reflected the mounting annoyance in the digital asset market. The remark highlights growing business and political dissatisfaction with the SEC's prior crypto regulation approach. It was delivered during a recent congressional meeting with incoming SEC Chair Paul At... Coinatory crypto news

Bitcoin May Stall Without Clear Catalyst, Say Analysts

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Bitcoin May Stall Without Clear Catalyst, Say Analysts In the absence of a clear market catalyst, recent analysis from Matrixport suggests that the price trend of Bitcoin may continue to be range-bound. Although Bitcoin rallies and liquidity expansion have historically occurred at the same time, commentators are now doubting the reliability and strength of this relationship. Although central bank-driven liquidity expansion frequently finds its way into digital asset markets, Matrixport analysts s... Coinatory crypto news

Hong Kong SFC Approves Tokenized Money Market ETFs

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Hong Kong SFC Approves Tokenized Money Market ETFs Bosera Secure SFC Approval for Hong Kong's Tokenized Money Market ETFs with HashKey The Hong Kong Securities and Futures Commission (SFC) has granted regulatory approval to HashKey Exchange and Bosera Asset Management to introduce two tokenized money market exchange-traded funds (ETFs). This represents a significant step forward in the incorporation of blockchain technology into traditional financial products. Underpinned by the security a... crypto news

Solana, Liquidity, and KOLs Dominate Crypto Social Buzz

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Solana, Liquidity, and KOLs Dominate Crypto Social Buzz Despite broader market turbulence, digital asset discussions continue to thrive across social media, driven by growing interest in specific crypto assets and metrics. According to data shared by blockchain analytics firm Santiment, key themes currently fueling online discourse include Solana, liquidity, holders, key opinion leaders (KOLs), and the metric referred to as MCP. Solana Emerges as a Focal Point Solana (SOL), the native ... cryptonews today

Somnia Testnet Guide: Make Swaps on QuickSwap

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Somnia Testnet Guide: Make Swaps on QuickSwap Somnia Testnet is a Layer 1 blockchain designed to support a fully on-chain ecosystem, with a clear focus on enhancing the metaverse and Web3 experience. It aims to build a smooth, connected virtual society by addressing key challenges like scalability and interoperability—essential for real-time apps like gaming and social platforms. Right now, you can start engaging on the QuickSwap platform by performing swaps on the Somnia network. D... cryptonews today

South Korean Officials Reveal $9.8M in Cryptocurrency Holdings

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South Korean Officials Reveal $9.8M in Cryptocurrency Holdings According to data released by South Korea's Ethics Commission for Government Officials on March 27, 2025, over 20% of public officials polled said they owned cryptocurrencies, with the total estimated worth at 14.4 billion won ($9.8 million). This number comprises 411 of the 2,047 officials who, in accordance with national legislation, must reveal their financial holdings. High-ranking public officials in South Korea own an average of 35.1 mi... cryptocurrency news Coinatory

OpenAI Projects $12.7B Revenue in 2025 Amid Rising Chinese AI Competition

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OpenAI Projects $12.7B Revenue in 2025 Amid Rising Chinese AI Competition OpenAI predicts a sharp improvement in its financial results, with revenues more than tripling from $3.7 billion in 2024 to $12.7 billion in 2025. The rising demand for its AI software subscription services, which are suited for both individuals and businesses, is primarily responsible for this development. ​ Despite these hopeful forecasts, OpenAI does not anticipate turning a profit until 2029, pointing to significant expenses in the c... OpenAI Projects $12.7B Revenue in 2025 Amid Rising Chinese AI Competition

Upcoming economic events 28 March 2025

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Upcoming economic events 28 March 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious08:302 pointsECB's De Guindos Speaks--------------------12:303 pointsCore PCE Price Index (MoM) (Feb)0.3%0.3%12:303 pointsCore PCE Price Index (YoY) (Feb)2.7%2.6%12:302 pointsPCE Price index (YoY) (Feb)2.5%2.5%12:302 pointsPCE price index (MoM) (Feb)0.3%0.3%12:302 pointsPersonal Spending (MoM) (Feb)0.5%-0.2%14:002 pointsMichigan 1-Year Inflation Expectations (Mar)4.9%4.3%14:002 pointsMichigan ... Coinatory

B3TR Launchpool on Bybit: Stake B3TR, MNT or USDT

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B3TR Launchpool on Bybit: Stake B3TR, MNT or USDT Bybit Launchpool is excited to announce the launch of $B3TR! Stake $B3TR, $MNT, or $USDT during the event to earn a share of 2,500,000 $B3TR — completely free! Event Duration: March 27, 2025, 12:00 PM UTC – April 3, 2025, 12:00 PM UTC Step-by-Step Guide: If you don’t have a Bybit account. You can register here Go to website Stake your assets ($B3TR, $USDT or $MNT ) Also you can open your Bybit app -&g... cryptonews

Tether's User Base Reaches 400 Million Amidst Stablecoin Expansion

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Tether's User Base Reaches 400 Million Amidst Stablecoin Expansion Since October 2024, Tether's user base has grown by 14%, surpassing 400 million worldwide. On March 27, CEO Paolo Ardoino made the announcement, emphasizing the noteworthy expansion of the "stablecoin multiverse." In less than six months, Tether attracted almost 50 million users, which is a significant increase for the world's biggest stablecoin issuer. With a market valuation of around $144.1 billion, USDT is still growing rapidly in emergin... Coinatory cryptocurrency news

Crypto Firms Urge Congress to Clarify DOJ Rule Shift

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Crypto Firms Urge Congress to Clarify DOJ Rule Shift More than 30 prominent cryptocurrency firms, led by the DeFi Education Fund, are calling on Congress to intervene in what they describe as the Department of Justice’s (DOJ) legally ambiguous and potentially damaging interpretation of money transmitter statutes. In a formal letter addressed to influential lawmakers—including Senate Banking Committee Chairman Tim Scott and House Judiciary Committee Chairman Jim Jordan—the signatories argue that... cryptocurrency news today

Google Launches Gemini 2.5 as ChatGPT Leads with 43% AI Market Share

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Google Launches Gemini 2.5 as ChatGPT Leads with 43% AI Market Share The goal of Google's most recent artificial intelligence model, Gemini 2.5, is to improve cognitive abilities in mathematical problem-solving, scientific thinking, and software creation. The model, which was released on March 25, is now accessible to developers in its Pro edition, establishing itself as Google's most sophisticated AI to date. Known as a "thinking model," Gemini 2.5 is intended to analyze issues before coming up with a so... crypto news

Upcoming economic events 27 March 2025

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Upcoming economic events 27 March 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious10:002 pointsEU Economic Forecasts--------------------12:302 pointsContinuing Jobless Claims1,890K1,892K12:302 pointsCore PCE Prices (Q4)2.70%2.20%12:303 pointsGDP (QoQ) (Q4)2.3%3.1%12:302 pointsGDP Price Index (QoQ) (Q4)2.4%1.9%12:302 pointsGoods Trade Balance (Feb)-134.60B-155.57B12:303 pointsInitial Jobless Claims225K223K12:302 pointsRetail Inventories Ex Auto (Feb)----------0.5%13:002 poin... Coinatory

Rumble Launches Digital Wallet Backed by Tether

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Rumble Launches Digital Wallet Backed by Tether Rumble Inc., the video-sharing platform known for championing independent creators, is preparing to roll out a proprietary digital wallet aimed at enhancing creator monetization. This strategic initiative is being developed in partnership with Tether, the issuer of the world's largest stablecoin by market capitalization. CEO Chris Pavlovski announced the "Rumble Wallet" via social media, positioning it as a vehicle to support creators more ef... Coinatory cryptocurrencies news

UK Youth Prefer Crypto to Stocks, FCA Flags Risks

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UK Youth Prefer Crypto to Stocks, FCA Flags Risks The Financial Conduct Authority (FCA) has issued a warning as more and more young investors in the UK are selecting cryptocurrencies like Bitcoin over more conventional assets like stocks and bonds. Speaking to lawmakers on Tuesday, FCA CEO Nikhil Rathi emphasized the "extremely high risk" of investing in virtual currencies, cautioning that one could "lose all your money." Rathi's comments highlight a significant difference in retail equ... Coinatory

Bitcoin Hashrate Nears Record as Price Surge Lifts Miner Profits

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Bitcoin Hashrate Nears Record as Price Surge Lifts Miner Profits ​As of March 25, 2025, the Bitcoin network's computational power, or hashrate, has reached 837 exahashes per second (EH/s), approaching its all-time high. This surge aligns with Bitcoin's price increase to approximately $87,475, marking a 5.03% rise over the past week. ​hashrateindex.com The uptick in Bitcoin's value has positively impacted miners' earnings. The hashprice, representing the expected revenue per petahash per day, has risen... cryptocurrency news today

Fidelity’s Pursuit of Solana ETF Approval Marks Institutional Shift

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Fidelity’s Pursuit of Solana ETF Approval Marks Institutional Shift In order to list and trade shares of the Fidelity Solana Fund, a proposed exchange-traded fund (ETF) intended to follow the performance of Solana (SOL), the Cboe BZX Exchange has formally filed a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC). With this action, Fidelity Investments enters the growing market for cryptocurrency exchange-traded funds (ETFs), focusing on Solana, the sixth-largest cryptocurrency by market capital... Fidelity’s Pursuit of Solana ETF Approval Marks Institutional Shift

Ripple Settles with SEC, Agrees to Pay $50 Million Fine Amid Regulatory Shift

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Ripple Settles with SEC, Agrees to Pay $50 Million Fine Amid Regulatory Shift Ripple Labs has agreed to settle its longstanding legal battle with the U.S. Securities and Exchange Commission (SEC), marking a pivotal moment in the evolving landscape of crypto regulation. As part of the settlement, Ripple will pay a $50 million fine—less than half of the initially proposed $125 million penalty. The remainder, previously held in an interest-bearing escrow account, will be returned to the company. The settlement includes th... cryptocurrency news Coinatory

Upcoming economic events 26 March 2025

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Upcoming economic events 26 March 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious08:002 pointsEuropean Central Bank Non-monetary Policy Meeting--------------------12:302 pointsCore Durable Goods Orders (MoM) (Feb)0.4%0.0%12:303 pointsCrude Oil Inventories-0.6%3.1%13:303 pointsCrude Oil Inventories----------1.745M13:302 pointsCushing Crude Oil Inventories-----------1.009M14:002 pointsFOMC Member Kashkari Speaks--------------------15:302 pointsAtlanta Fed GDPNow (Q1)-1.8%-1.... Coinatory

Bitcoin's Performance Under Biden and Trump: A Comparative Analysis

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Bitcoin's Performance Under Biden and Trump: A Comparative Analysis ​During President Donald Trump's current term, Bitcoin (BTC) has experienced a decline of over 13%, dropping from approximately $101,000 to around $87,000. This contrasts with the performance during former President Joseph Biden's tenure, where BTC saw an increase of approximately 45%, rising from about $36,000 to $52,000 over a comparable period. ​ The cryptocurrency industry initially expressed optimism toward President Trump's adminis... Coinatory cryptonews

Binance Suspends Employee Amid Insider Trading Allegations

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Binance Suspends Employee Amid Insider Trading Allegations A member of the Binance Wallet team has been suspended by Binance, the top cryptocurrency exchange in the world, after an internal inquiry into claims of insider trading. The worker, who recently joined the Binance Wallet team from a business development position at BNB Chain, is charged with using confidential information to engage in front-running trades for personal benefit. According to the findings of the investigation, which was starte... cryptocurrency news Coinatory

Ethereum and Solana Boosted by U.S. Reserve Proposal

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Ethereum and Solana Boosted by U.S. Reserve Proposal In a notable shift toward broader cryptocurrency adoption, a proposed U.S. digital asset reserve—reportedly under consideration by the Trump administration—could include Ethereum and Solana alongside Bitcoin. Financial experts suggest there is solid rationale behind this diversified approach. While Bitcoin’s position as a core component of any strategic reserve remains uncontested, the inclusion of Ethereum and Solana marks a deliberate move ... Coinatory cryptocurrency news

Solana's Yakovenko Advocates for Layer-1 Over Layer-2 Solutions

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Solana's Yakovenko Advocates for Layer-1 Over Layer-2 Solutions ​Anatoly Yakovenko, co-founder of Solana, has recently articulated a strong preference for Layer-1 (L1) blockchain solutions over Layer-2 (L2) alternatives, asserting that L1 architectures can deliver superior speed, cost-efficiency, and security. He critiques L2 solutions for their reliance on slower L1 data availability stacks and the necessity of complex mechanisms like fraud proofs and upgrade multisigs, which, in his view, may compromise s... crypto news

Upcoming economic events 25 March 2025

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Upcoming economic events 25 March 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious05:002 pointsBoJ Core CPI (YoY)----------2.2%12:002 pointsBuilding Permits (Feb)1.456M1.473M13:002 pointsS&P/CS HPI Composite - 20 n.s.a. (YoY) (Jan)4.6%4.5%13:002 pointsS&P/CS HPI Composite - 20 n.s.a. (MoM) (Jan)0.2%-0.1%13:052 pointsFOMC Member Williams Speaks--------------------14:003 pointsCB Consumer Confidence (Mar)94.298.314:003 pointsNew Home Sales (Feb)682K657K14:002 pointsNe... Coinatory cryptocurrency news

Berachain Advances Proof-of-Liquidity to Decentralize Governance

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Berachain Advances Proof-of-Liquidity to Decentralize Governance Berachain has launched the next phase of its Proof-of-Liquidity (PoL) mechanism, broadening governance and emissions beyond its native exchange, BEX. Beginning March 24, decentralized applications (dApps) can apply for network incentives through newly introduced reward vaults—a strategic shift aimed at deepening liquidity and accelerating ecosystem development. Until now, only liquidity providers on BEX were eligible for reward distributions.... Coinatory news

Inertia Testnet: Join the Modular Lending Protocol on the Initia Network

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Inertia Testnet: Join the Modular Lending Protocol on the Initia Network Inertia Testnet is a next-generation modular lending and LRT protocol on the Initia Network, designed to deliver a smooth and flexible decentralized lending and borrowing experience. The Inertia Testnet is now live and running until April 8th! Get involved by staking $INRT tokens and take advantage of airdrop rewards through this incentivized testnet. Don’t miss your chance to participate! Step-by-Step Guide: Firstly, go to Inti... cryptonews

Dormant Bitcoin Whale Moves $250M After 8 Years

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Dormant Bitcoin Whale Moves $250M After 8 Years A long-inactive Bitcoin wallet has reentered the market after more than eight years of dormancy, moving approximately $250 million worth of Bitcoin, according to blockchain analytics platform Arkham Intelligence. The wallet, now identified across several addresses labeled “250M BTC Whale,” executed a series of high-value transfers within the past 16 hours. These transactions involved two separate batches, each moving close to 3,000 BTC—equiva... cryptocurrency news

Upcoming economic events 24 March 2025

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Upcoming economic events 24 March 2025 Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Services PMI (Mar)----------53.709:002 pointsHCOB Eurozone Manufacturing PMI (Mar)48.347.609:002 pointsHCOB Eurozone Composite PMI (Mar)----------50.209:002 pointsHCOB Eurozone Services PMI (Mar)51.250.613:453 pointsS&P Global Manufacturing PMI (Mar)51.952.713:452 pointsS&P Global Composite PMI (Mar)----------51.613:453 pointsS&P Global Services PMI (Mar)... crypto news today

Ethereum Spot ETFs Witness $760 Million Outflows Amid Market Shift

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Ethereum Spot ETFs Witness $760 Million Outflows Amid Market Shift ​Ethereum (ETH) spot exchange-traded funds (ETFs) have encountered substantial outflows, totaling over $760 million in the past month, signaling a shift in investor sentiment toward the cryptocurrency. Recent data from Glassnode, highlighted by analyst Ali Martinez, underscores this trend, reflecting significant investor activity in the Ethereum market.​ Initially, Ethereum spot ETFs experienced notable inflows at the year's outset, part... Ethereum Spot ETFs Witness $760 Million Outflows Amid Market Shift

Gold-Backed Stablecoins Poised to Surpass USD-Pegged Counterparts, Asserts Max Keiser

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Gold-Backed Stablecoins Poised to Surpass USD-Pegged Counterparts, Asserts Max Keiser Gold has historically served as a universally accepted monetary asset, resilient to the geopolitical volatility and inflationary pressures that undermine fiat currencies. Bitcoin proponent Max Keiser argues that this enduring trust in gold will drive gold-backed stablecoins to outperform their U.S. dollar-pegged counterparts globally. Keiser contends that many governments, particularly those in adversarial relationships with the United States... Gold-Backed Stablecoins Poised to Surpass USD-Pegged Counterparts, Asserts Max Keiser

TRON Considers Block Reward Reduction to Enhance Deflationary Model

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TRON Considers Block Reward Reduction to Enhance Deflationary Model TRON founder Justin Sun has proposed a strategic shift for the TRX blockchain, suggesting a reduction in block rewards—a move reminiscent of Bitcoin's halving cycles. This initiative aims to reinforce TRX’s status as a deflationary asset and potentially increase its appeal to long-term investors and network participants. Currently, TRX reduces its circulating supply by 1% annually, positioning itself, according to Sun, as the only major crypt... cryptocurrency news today

Bitcoin Classified Outside Traditional Securities Framework at SEC’s Inaugural Crypto Roundtable

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Bitcoin Classified Outside Traditional Securities Framework at SEC’s Inaugural Crypto Roundtable At the United States Securities and Exchange Commission’s first-ever Crypto Task Force roundtable, Duke Financial Economics Center visiting fellow Lee Reiners stated that Bitcoin should not be considered a security or an investment contract, citing its inherent decentralization. “Bitcoin is not a security, it's not an investment contract, because it is sufficiently decentralized,” Reiners remarked during the session, emphasizing the cryp... cryptocurrency news Coinatory

Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency​

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Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency​ In an effort to confirm that its USDT stablecoin is backed at a 1:1 ratio with the US dollar, stablecoin issuer Tether is actively working with one of the Big Four accounting firms to perform its first comprehensive financial audit. This action resolves long-standing industry worries about Tether's reserve sufficiency and transparency. ​ Changes in Leadership and the Audit Initiative Paolo Ardoino, the CEO of Tether, stressed that obtainin... cryptonews today

BaFin Bans Ethena’s USDe Sales Over MiCAR Violations

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BaFin Bans Ethena’s USDe Sales Over MiCAR Violations Germany's Federal Financial Supervisory Authority (BaFin) has mandated that Ethena GmbH cease all public sales of its stablecoin, USDe, citing significant regulatory violations. The regulator identified substantial deficiencies in Ethena's compliance with the European Union's Markets in Crypto-Assets Regulation (MiCAR), particularly concerning asset reserves and capital requirements. In its enforcement action, BaFin has frozen the reserves ba... crypto news

BlackRock Expands BUIDL Fund to Polygon

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BlackRock Expands BUIDL Fund to Polygon ​BlackRock, the world's largest asset manager with over $11 trillion in assets under management (AUM), has expanded its tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to five additional blockchain networks: Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. Initially launched on Ethereum in March 2024, BUIDL is a tokenized money market fund backed by short-term U.S. government bonds, maintaining a s... BlackRock Expands BUIDL Fund to Polygon

Tether Seeks Big Four Audit Amid Regulatory Shifts

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Tether Seeks Big Four Audit Amid Regulatory Shifts Tether, the issuer of the world's largest stablecoin, is actively seeking a full audit of its USDT reserves by engaging one of the Big Four accounting firms—Deloitte, EY, PricewaterhouseCoopers, or KPMG. CEO Paolo Ardoino emphasized that securing such an audit is the company’s “top priority,” citing the favorable regulatory environment under President Donald Trump's administration as a key enabler of this initiative. Since its launch in 2014,... Coinatory cryptonews

IDA Finance and Progmat Inc. Collaborate to Enhance Hong Kong-Japan Trade via Stablecoin Remittances

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IDA Finance and Progmat Inc. Collaborate to Enhance Hong Kong-Japan Trade via Stablecoin Remittances A stablecoin-powered cross-border remittance service has been launched by Hong Kong-based digital asset firm IDA Finance in collaboration with Japan's Progmat Inc., blockchain developer Datachain Inc., and cross-chain infrastructure provider TOKI FZCO. The partnership seeks to expedite import-export transactions between Japan and Hong Kong by utilizing blockchain technology. A proof-of-concept (PoC) for stablecoin-denominated payments in Hong... Coinatory

SWIFT-Ripple Partnership Rumors Resurface After Watcher.Guru Hack

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SWIFT-Ripple Partnership Rumors Resurface After Watcher.Guru Hack Recently, unverified rumors of a possible partnership between SWIFT and Ripple have sparked new conjecture among cryptocurrency enthusiasts. Before being disproved because of a security breach, the rumors, which assert that SWIFT may soon include XRP into its worldwide cross-border payment system, gathered steam on social media. A post on Watcher.Guru's official X (formerly Twitter) account made the first accusations, claiming that billions o... Coinatory news

Australia Unveils Crypto Regulation Plan Ahead of Tight Election

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Australia Unveils Crypto Regulation Plan Ahead of Tight Election Australia’s federal government, led by Prime Minister Anthony Albanese's center-left Labor Party, has announced a proposed regulatory framework that would bring cryptocurrency exchanges under the purview of existing financial services legislation. This initiative, timed ahead of a tightly contested national election expected by May 17, aims to formalize oversight of digital asset platforms and tackle the issue of debanking. The Australia... cryptonews today