Japan’s newly elected prime minister, Sanae Takaichi, may open the door for more “refined” regulations to boost the country’s cryptocurrency economy, which could be set to emerge as the next global hub for crypto companies. Takaichi was elected leader of the Liberal Democratic Party (LDP) on Saturday and is set to become Japan’s first female…
Citigroup’s venture arm, Citi Ventures, has invested in BVNK, a London-based stablecoin infrastructure firm building global payment rails for digital assets. BVNK declined to disclose the size of Citi’s investment or its current valuation. However, co-founder Chris Harmse told CNBC that the valuation now exceeds the $750 million reported at its last funding round. The…
Uganda has launched a central bank digital currency (CBDC) pilot as part of a broader tokenization effort across the African nation, while its neighbor Kenya is on the verge of enacting a crypto regulation bill. Blockchain financial infrastructure company the Global Settlement Network (GSN) has partnered with Ugandan developer Diacente Group in an initiative to…
BNB “mindshare” has surged over 250% in just a week, according to Messari, with one analyst pointing to a market shift toward high-throughput, low-cost chains. The native token of BNB Chain crossed over $1,330 for the first time on Wednesday, after registering a gain of over 27% in the last week, according to data aggregator…
The Ethereum Foundation, which oversees the development of the Ethereum network, announced the “Privacy Cluster,” a team of 47 experts across the blockchain industry tasked with bringing privacy features to the layer-1 smart contract network. Ethereum’s privacy cluster brings together researchers, engineers and cryptographers to develop protocol-level privacy features, including private payments and private decentralized…
Shayne Coplan, the founder of prediction market Polymarket, is once again in the limelight, as prediction markets shift from regulatory bans in the United States to legitimate financial markets with institutional backing. Bloomberg named Coplan among the world’s billionaires following a $2 billion investment in Polymarket by New York Stock Exchange parent Intercontinental Exchange (ICE)….
Overview of Satoshi’s background holdings Bitcoin was created in 2009 by the pseudonymous Satoshi Nakamoto, whose identity remains unknown. Between 2009 and 2011, Satoshi mined an estimated 1.1 million-1.5 million BTC — now worth over $100 billion — which has never been moved. Satoshi’s massive Bitcoin (BTC) holdings were mined in Bitcoin’s early days, when…
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association It is no secret that Dubai has been aggressively challenging its Asian counterparts for the crown of becoming the world’s next crypto capital. Beneath the gleaming air-conditioned skyscrapers, where supermodels are everywhere at crypto events and pilot blockchain programs, a complex grand strategy is…
A Bitcoin whale who held around $11 billion in BTC before rotating more than $5 billion of their stash into Ether two months ago has returned to the cryptocurrency market, with another $360 million Bitcoin transfer. The whale address transferred $360 million worth of Bitcoin (BTC) into decentralized finance (DeFi) protocol Hyperunit’s hot wallet ‘“bc1pd”…
Inspired by Michael Saylor’s Bitcoin playbook, Joseph Lubin believes Ethereum treasury companies could provide outsized returns on yield and investment opportunities to their Bitcoin counterparts. Speaking exclusively to Cointelegraph at Token2049 in Singapore, the Ethereum co-founder unpacked his thesis for why Ether (ETH) digital asset treasuries (DATs) present superior opportunities to the Bitcoin (BTC) treasury…