In an open letter to Vice President Kamala Harris and former President Donald Trump, Paxos CEO and co-founder Charles Cascarilla warned that America’s financial leadership hinges on whether the next presidential administration embraces digital assets and reforms outdated financial regulations. Cascarilla urged both political figures to recognize the potential for blockchain and stablecoins to modernize […]
TRON Returns to Nigeria for TRON Connect Africa Community Event
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland,October 29,2024 – TRON DAO brought together students and industry professionals for a day filled with discussions, networking, and educational sessions at the TRON Connect Community Event in Uyo, Nigeria. Held at the University of […]
HKMA partners up with Brazilian central bank to test cross-border tokenization
The Hong Kong Monetary Authority (HKMA) announced a new partnership with Banco Central do Brasil (BCB) to advance cross-border tokenization initiatives, joining their respective digital currency infrastructures to conduct experimental transactions under Project Ensemble and Brazil’s Drex pilot program. The HKMA and BCB are exploring cross-border settlement models, focusing on payment-versus-payment (PvP) and delivery-versus-payment (DvP) […]
$27 billion crypto inflows in 2024, $901 million last week amid US political backdrop
Crypto investment products are experiencing one of their best months on record, with inflows hitting $901 million in the last week alone, according to CoinShares’ latest report. This month’s inflows now represent roughly 12% of the sector’s total assets under management, positioning it as the fourth-highest month for inflows on record. Similarly, year-to-date inflows have […]
UK central bank leader reassures cash’s place with rising Britcoin
Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was speaking at the Group of Thirty’s 39th Annual International Banking Seminar. According to […]
Tether slams WSJ report alleging US probe as ‘irresponsible reporting’
Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino’s clarification comes after a Wall Street Journal report claimed that federal prosecutors in Manhattan are allegedly investigating the stablecoin issuer. Ardoino said: “WSJ is regurgitating old noise. Full stop.” Tether also denied the claims of an investigation in an official […]
WazirX reveals 40% customer assets held on third-party exchanges amid transparency push
Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset. WazirX’s […]
Retail investors dominate demand for spot Bitcoin ETFs – Binance Research
Retail investors are leading the charge in the adoption of spot Bitcoin exchange-traded funds (ETFs), accounting for 80% of the total demand, according to a Binance Research report. According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.3 billion in assets […]
Sunny Aggarwal’s vision for seamless cross-chain trading with Polaris
In a recent episode of the SlateCast, Sunny Aggarwal, Co-founder of Osmosis Labs and Polaris, joined CryptoSlate’s Editor in Chief Liam “Akiba” Wright to discuss the future of cross-chain decentralized finance (DeFi), the rise of multi-chain ecosystems, and his new venture, Polaris. Aggarwal delved into the innovations within Cosmos, the role of Bitcoin in decentralized […]
MicroStrategy stock to BTC ratio hits all-time high, surpassing 2021 bull run
MicroStrategy’s (MSTR) stock has reached a new 25-year peak amid Bitcoin’s potential climb towards the $70,000 mark. Google Finance data reveals that MicroStrategy’s stock, bolstered by its significant Bitcoin holdings, has shown consistent upward momentum throughout the year. As of press time, MSTR has soared by 244% year-to-date and climbed 55% over the past month, […]