In a move aimed at bolstering regulatory oversight and mitigating financial risks, the Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers. The proposal comes amid growing concerns over the potential impact of stablecoins on regulated institutions and the broader financial ecosystem. According to a recent guidance document, FINMA seeks to classify…

Casper Network, a blockchain platform recognized for its approach to decentralized applications, experienced a security breach, resulting in a temporary halt of all operations to address and contain the issue. The Casper Network team discovered the breach and promptly collaborated with validators to suspend the network. This measure was implemented to reduce the impact of the security…

United States Senator Cynthia Lummis has introduced a bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20 years. “It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech at the Bitcoin 2024 Conference on July 27 in Nashville, Tennessee. Lummis explained…

Former United States president and current Republican candidate Donald Trump announced his intent to make the United States the crypto capital of the world, if elected in November. After taking the stage an hour late, Trump addressed the crowd at the Bitcoin 2024 conference in Nashville, Tennessee, Trump said that he had great respect for…

In a move to address the recent cyberattack that resulted in the theft of approximately $230 million, Indian crypto exchange WazirX has announced a strategy for user fund recovery. The hack, which affected 45% of user funds, has led WazirX to implement measures aimed at minimizing disruption to its users and maintaining the platform’s stability. Approach to…

Bitcoin miner Marathon Digital is seeking partnerships with blockchain developers to build Bitcoin layer-2 solutions for cross-border BTC payments, Julian Duran, Marathon’s product lead for side chains, said at the Bitcoin 2024 conference on July 26 in Nashville, Tennessee. Cross-border payments are “the biggest use case for blockchain, generally speaking, and especially for Bitcoin,” according…

Trendy buzzwords and crypto go hand in hand, especially given the cyclical nature of crypto market cycles. What is popular in one financial quarter could be a totally obsolete concept by the arrival of the next. Some great examples might be music non-fungible tokens (NFTs), Bitcoin Ordinals or blockchain-based gaming. The list goes on and on, and it…

The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest spot Bitcoin (BTC) exchange-traded fund (ETF) — Grayscale Bitcoin Mini Trust (BTC) — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 26 filing. The approval is an important milestone for Grayscale, which announced plans on July 19 to spin off…

Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee. “I would say…

Numerico leverages the synergy of AI and blockchain with advanced tools and a layer-2 network to empower crypto newcomers and developers. The introduction of artificial intelligence has a profound impact on the crypto ecosystem, and it’s only going to expand, given the amount of investment and effort being put into using AI within the context…