Source: Cointelegraph Custodia Bank said it partnered with Vantage Bank to tokenize US dollar demand deposits and issue them on Ethereum. The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain. Custodia said on March 25 that it tokenized US… Continue reading Custodia and Vantage Bank Partner for ‘First Bank-Issued Stablecoin’
Tag: adoption
Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022
Source: Cointelegraph Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime. Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.… Continue reading Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022
SEC acknowledges Filing for Grayscale’s Spot Cardano ETF
Source: Cointelegraph NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange. The US Securities and Exchange Commission has acknowledged NYSE Arca’s proposal on behalf of crypto asset manager Grayscale to list and trade a spot Cardano exchange-traded fund (ETF). Although it’s… Continue reading SEC acknowledges Filing for Grayscale’s Spot Cardano ETF
South Korea to Allow Institutions to Sell Crypto Donations in 2025
Source: Cointelegraph The country’s securities regulator will also allow 3,500 corporations and professional investors to open “real-name” accounts on cryptocurrency exchanges as part of a pilot program. South Korea’s Financial Services Commission (SFC) is set to allow institutions to begin selling their digital asset donations and instruct banks to offer more services to cryptocurrency firms.… Continue reading South Korea to Allow Institutions to Sell Crypto Donations in 2025
Morgan Stanley to Explore Crypto Offerings For Clients — CEO
Source: Cointelegraph The financial services giant is also considering adding crypto to its trading platform, E-Trade, due to a change in regulatory climate. Morgan Stanley CEO Ted Pick recently said the banking giant is exploring potential crypto offerings for its clients and is in discussions with financial regulators in the United States. Speaking with CNBC… Continue reading Morgan Stanley to Explore Crypto Offerings For Clients — CEO
Sony’s L2 Blockchain Sonieum Goes Live Amid Community Backlash
Source: Cointelegraph Sony’s Soneium mainnet launched, aiming to simplify Web3 with NFT-driven fan engagement, but it got off to a rocky start. Sony has launched the mainnet for Soneium, its layer-2 (L2) blockchain platform developed by Sony Block Solutions Labs, to streamline blockchain interactions and provide a user-friendly Web3 experience. Built on the OP Stack… Continue reading Sony’s L2 Blockchain Sonieum Goes Live Amid Community Backlash
Over 30% of South Koreans Invest in Crypto Assets
Source: Cointelegraph South Korea’s crypto user base surged to 15.6 million in November, surpassing 30% of the population. South Korean crypto holders reportedly increased in November after Donald Trump won the United States presidential election. On Dec. 25, South Korean media outlet Yonhap News reported that in November, the number of crypto users in the… Continue reading Over 30% of South Koreans Invest in Crypto Assets
Memecoins Take Top Spot For Crypto Investor Interest in 2024: CoinGecko
Source: Cointelegraph Memecoin interest in 2024 was largely directed toward Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study. Memecoins took the top spot for mindshare in the crypto space this year with almost a third of investor interest focused on the highly speculative tokens, a CoinGecko study found. “The… Continue reading Memecoins Take Top Spot For Crypto Investor Interest in 2024: CoinGecko
India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent
Source: Cointelegraph India is on track to lead Web3 adoption by 2027, driven by startups, developers and government-backed blockchain initiatives. A massive startup network supported by global investment and local adoption has positioned India to spearhead Web3 innovation, according to a report on the country’s Web3 landscape. India currently hosts over 1,000 Web3 startups across… Continue reading India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent
Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
Source: Cointelegraph New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience. A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets. The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks… Continue reading Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
