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Showing posts with the label news

Ripple Launchs Blockchain Payments in UAE with Zand and Mamo

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Ripple Launchs Blockchain Payments in UAE with Zand and Mamo Ripple has launched its blockchain-powered cross-border payment platform, Ripple Payments, in the United Arab Emirates (UAE), furthering the country’s ambitions to become a leading hub for digital finance. This strategic rollout features collaborations with Zand Bank—the UAE’s first all-digital bank—and Mamo, a fintech firm offering payment solutions for businesses. Both institutions will leverage Ripple Payments to facilitate real-time, cros... Coinatory

Tether Surpasses Germany in U.S. Treasury Holdings at $120B

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Tether Surpasses Germany in U.S. Treasury Holdings at $120B With more than $151 billion in assets, Tether is the biggest stablecoin issuer in the world and has officially overtaken Germany in terms of ownership of US Treasury securities. The company has more than $120 billion in Treasury notes, surpassing Germany's $111.4 billion and placing Tether as the 19th-largest holder worldwide, according to data from the U.S. Department of the Treasury and Tether's Q1 2025 attestation report. Tether's Mar... Coinatory

UK to Mandate Crypto Transaction Reporting by 2026

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UK to Mandate Crypto Transaction Reporting by 2026 The United Kingdom will require cryptocurrency companies to collect and report detailed information on every customer trade and transfer starting January 1, 2026, as part of an effort to enhance crypto tax transparency and compliance. New Requirements for Crypto Firms According to a May 14 announcement by HM Revenue and Customs (HMRC), crypto firms must report users’ full names, home addresses, tax identification numbers, the type of crypt... Coinatory cryptocurrency news

CFTC Commissioner Romero to Exit, Opening Door for Trump Appointees

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CFTC Commissioner Romero to Exit, Opening Door for Trump Appointees After 23 years of federal service, Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission (CFTC), announced her resignation with effect from May 31. Her exit marks a significant change in the agency's leadership team and may provide outgoing President Donald Trump the chance to reorganize the CFTC by appointing new officials. Exodus of Leadership at the CFTC Romero resigns at the same time as col... cryptocurrency news Coinatory

Wintermute Expands to NYC Amid U.S. Crypto Regulatory Shift

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Wintermute Expands to NYC Amid U.S. Crypto Regulatory Shift London-based algorithmic trading firm Wintermute has inaugurated its U.S. headquarters in New York City, marking a strategic expansion into the American market. The move aligns with the company's assessment of a more favorable regulatory environment for digital assets in the United States. Announced on May 15, Wintermute's CEO, Evgeny Gaevoy, emphasized the firm’s commitment to contributing to the development of a comprehensive regulatory fra... Coinatory news

Stablecoins Poised to Transform Collateral Management

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Stablecoins Poised to Transform Collateral Management Stablecoins Emerge as Pivotal Tools in Modernizing Collateral Management Amid Regulatory Debates Stablecoins are increasingly recognized within traditional finance (TradFi) as instrumental in enhancing the efficiency of collateral management systems. The Depository Trust & Clearing Corporation (DTCC) recently concluded a pilot, dubbed the "Great Collateral Experiment," demonstrating the efficacy of digital assets, particularly stablecoins... cryptonews today

Tether's Blacklist Delay Facilitates $78M in Illicit USDT Transfers

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Tether's Blacklist Delay Facilitates $78M in Illicit USDT Transfers A recent compliance investigation has revealed a critical vulnerability in Tether's USDT blacklisting mechanism, allowing more than $78 million in illicit funds to be transferred before enforcement measures were executed. The blacklisting process, which functions on both Ethereum and Tron blockchains, is hindered by a multi-signature procedure that introduces significant delays. This lag between the initiation and finalization of a blacklisti... crypto news today

Tron Overtakes Ethereum in USDT Supply with $1B Mint

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Tron Overtakes Ethereum in USDT Supply with $1B Mint On May 15, 2025, Tether minted an additional $1 billion of its USD-pegged stablecoin, USDT, on the Tron blockchain. This issuance raised Tron's authorized USDT supply to approximately $74.7 billion, surpassing Ethereum's $74.5 billion. Tron also leads in terms of circulating supply, with $73.6 billion USDT in active circulation compared to Ethereum's $71.8 billion. This milestone marks the first time since November 2024 that Tron has overtake... cryptocurrency news

21Shares Partners with Sui to Boost SUI Adoption and DeFi Growth

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21Shares Partners with Sui to Boost SUI Adoption and DeFi Growth 21Shares, a prominent issuer of cryptocurrency exchange-traded products (ETPs), has announced a strategic partnership with Sui, a high-performance Layer-1 blockchain network. This collaboration aims to enhance the global adoption of Sui's native token, SUI, with a particular focus on the U.S. market. The alliance comes at a time when Sui's decentralized finance (DeFi) ecosystem is experiencing significant growth. Sui’s total value locked (TVL... Coinatory

VanEck Launches NODE ETF for Blockchain Investment Exposure

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VanEck Launches NODE ETF for Blockchain Investment Exposure VanEck has introduced the Onchain Economy ETF (NODE), an actively managed fund listed on the Cboe exchange, aimed at providing diversified exposure to companies driving the growth of blockchain and the digital economy. Commencing trading on May 14, 2025, NODE is structured to invest across a broad array of firms in the blockchain ecosystem. This includes cryptocurrency miners, digital asset exchanges, infrastructure providers, and financial t... cryptonews today

Strategy's $10 Trillion Ambition: Bitcoin as the Catalyst

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Strategy's $10 Trillion Ambition: Bitcoin as the Catalyst In a recent Financial Times documentary, Michael Saylor, co-founder of Strategy (formerly MicroStrategy), expressed confidence in the company's trajectory toward becoming a $10 trillion enterprise. This ambitious vision is anchored in the firm’s substantial Bitcoin holdings and aggressive capital acquisition strategies. As of May 2025, Strategy holds approximately 568,840 Bitcoins, valued at around $59 billion, positioning it as the largest c... Coinatory cryptonews

Tether Buys $459M in Bitcoin for Twenty One Capital Launch

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Tether Buys $459M in Bitcoin for Twenty One Capital Launch Tether has made a significant investment in Bitcoin, paying $458.7 million for 4,812 BTC on behalf of Twenty One Capital, a new Bitcoin treasury business that Jack Mallers created. The purchase was carried out at an average price of $95,320 per Bitcoin, as revealed by Cantor Equity Partners in a May 13 report to the U.S. Securities and Exchange Commission (SEC). In April, Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group unveiled Twenty... Coinatory cryptocurrencies news

Privacy Backlash Greets OpenAI’s World Network U.S. Launch

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Privacy Backlash Greets OpenAI’s World Network U.S. Launch OpenAI’s biometric identity initiative, World Network—formerly Worldcoin—is drawing heightened concern from privacy advocates as it prepares to launch in the United States. Marketed as a privacy-preserving solution in the age of artificial intelligence, the project is being criticized for its extensive data collection practices, particularly the use of iris-scanning technology. FactoryDAO CEO Nick Almond spoke bluntly about X, calling the ini... crypto news

Coinbase Invests in Stablecorp to Promote QCAD in Canada

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Coinbase Invests in Stablecorp to Promote QCAD in Canada Coinbase Global Inc. (NASDAQ: COIN) has announced a strategic investment in Stablecorp, a Canadian fintech firm specializing in stablecoin issuance, as part of its broader initiative to enhance digital payment infrastructures in Canada. This move underscores Coinbase's commitment to expanding its footprint in the Canadian market and promoting the adoption of digital assets. Stablecorp, a joint venture between 3iQ and Mavennet Systems, is the ... Coinatory cryptocurrencies news

Solana Co-Founder Proposes Meta Blockchain for Cross-Chain Data Integration

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Solana Co-Founder Proposes Meta Blockchain for Cross-Chain Data Integration Anatoly Yakovenko, co-founder of Solana Labs, has unveiled a proposal for a "meta blockchain" designed to address the persistent fragmentation and limited interoperability plaguing blockchain networks. This initiative introduces a unified data availability (DA) layer that would aggregate and order data from multiple layer-1 chains, including Ethereum, Celestia, and Solana, facilitating more seamless cross-chain communication and reducing operati... crypto news today

Tether's USDt Hits $150B Market Cap Amid U.S. Expansion Plans

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Tether's USDt Hits $150B Market Cap Amid U.S. Expansion Plans Tether's USDt has reached a major milestone, surpassing a $150 billion market capitalization for the first time on May 12, 2025. This surge reflects a 36% increase in circulating supply over the past year, consolidating USDt’s position as the dominant stablecoin with 61% of the global market share, based on industry data. The rise in USDt’s valuation aligns with broader adoption trends, marked by a 50% increase in active stablecoin wallets in... crypto news today

Ethereum Surpasses Coca-Cola and Alibaba After 42% ETH Surge

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Ethereum Surpasses Coca-Cola and Alibaba After 42% ETH Surge Ethereum's native token, Ether (ETH), experienced a significant surge in market capitalization, overtaking global giants Coca-Cola and Alibaba. This ascent follows the successful deployment of Ethereum's Pectra upgrade on May 7, 2025. As of May 12, ETH was trading at approximately $2,550, marking a 42% increase from its pre-upgrade value of $1,786. This price movement lifted Ethereum’s market capitalization to over $308 billion, positioning i... Coinatory

Ethereum's Potential Breakout: Analyst Eyes $3,800–$4,800 Target

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Ethereum's Potential Breakout: Analyst Eyes $3,800–$4,800 Target Veteran trader Peter Brandt has identified a potential bullish breakout for Ethereum (ETH), contingent upon the altcoin surpassing a key congestion pattern. Brandt highlighted a rising wedge formation—a chart structure often considered bearish—but suggested that a breakout above this formation could propel ETH toward the descending resistance line, with price targets in the $3,800 to $4,800 range. This optimistic technical outlook aligns with... cryptocurrency news

RedotPay Launches Crypto Payment Cards in South Korea

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RedotPay Launches Crypto Payment Cards in South Korea Hong Kong-based fintech company RedotPay has officially introduced its cryptocurrency-enabled payment cards in South Korea, aiming to disrupt the country's entrenched payment infrastructure with real-time stablecoin transactions. The crypto debit cards, available in both physical and virtual formats, are now accepted across all Korean merchants supporting the Visa network. This move aligns with RedotPay’s broader global expansion strategy and... cryptocurrency news today

Bitcoin Enters Deflationary Phase Amidst Institutional Accumulation

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Bitcoin Enters Deflationary Phase Amidst Institutional Accumulation Bitcoin has entered a deflationary phase, propelled by aggressive institutional accumulation that now outpaces the rate of new coin issuance. Leading this trend is Strategy, formerly known as MicroStrategy, which has amassed 555,450 BTC—valued at over $58 billion—rendering these holdings effectively illiquid. According to CryptoQuant CEO Ki Young Ju, this level of accumulation contributes to an estimated annual deflation rate of -2.23% for Bi... cryptocurrency news today