Cash App’s cryptocurrency service is extending beyond bitcoin BTC$64,098.11 and stablecoin USDC for the first time by being added to crypto payments platform MoonPay. This means eligible U.S. Cash App users will be able to use their balances to purchase a host of other digital assets offered by MoonPay, including ether ETH$1,895.83, solana (SOL), XRP […]

World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday. The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed […]

Mitsubishi UFJ Financial Group (MUFG) plans to use blockchain technology to offer faster settlement of Japanese government bond (JGB) transactions, in a move reminiscent of similar initiatives by banks in other countries. MUFG is preparing a proof-of-concept for onchain JGB transactions using the Canton network to expedite the settlement, which typically takes 1-3 days by […]

The growing presence of financial institutions in cryptocurrency brings with it increasing demand for Wall-Street style systems in digital asset markets, such as servers that offer split-second advantages when executing trades. Kalshi is looking to meet that demand by adding Solana-based DoubleZero’s low-latency market data feed to its prediction market order book. The DoubleZero Foundation […]

Luke Dashjr, one of the key proponents of BIP-110 soft-fork attempt, has been removed from his position as an editor of such proposals for the development of the Bitcoin network. The motion’s forwarding and subsequent carrying followed shortly after the controversial BIP-110, an attempt to temporarily restrict use of the Bitcoin network for non-financial purposes, […]

Bitcoin has reached block 961,632, triggering the long-awaited mandatory signaling period for BIP-110, a controversial proposal designed to temporarily curb non-financial data from being embedded on the network. The proposal entered the signaling phase at around 19:35 UTC on Saturday, with support from miners seldom exceeding 2.5%, a long way short of the 55% mark […]

Dathon Ohm, the proposal’s pseudonymous author, declared, “Bitcoiners are about to show the world, once again, what happens when the plebs stand up against large, corrupt institutions who are telling us Bitcoin isn’t money and our nodes belong to them,” in a thread on X on Thursday. Rhetoric aside, the thread gave instructions to miners […]

JPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-pegged stablecoin. The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021, according to venture capital data site Tracxn. New investors in the latest round […]

South Africa’s Treasury and central bank are moving towards regulating the use of cryptocurrency for cross-border transactions. The National Treasury and the South African Reserve Bank (SARB) released a draft rulebook on Monday that proposes that sending crypto offshore must be conducted through an authorized provider and reported to the central bank’s Financial Surveillance Department […]

Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K. Robinhood’s U.K. arm was added to the Financial Conduct Authority’s (FCA) list of registered cryptoasset companies as of July 31. The company’s existing FCA registration means it meets the regulator’s requirements where it comes to anti-money laundering (AML). A regime […]