Japan’s recent policy shifts have helped the country more than double its crypto adoption over the past year, according to crypto analytics company Chainalysis. Among the top five markets in the Asia Pacific (APAC) region, Japan saw the strongest growth, with its value received onchain growing 120% year-on-year in the 12 months to June, according…
Naver Financial, the fintech arm of South Korean tech conglomerate Naver, is reportedly forging ahead with a plan to acquire Dunamu, which operates the country’s largest crypto exchange, Upbit, amid plans for a stablecoin project and expansion into the digital finance sector. Naver will acquire Dunamu by making it a subsidiary via a share exchange,…
Ethereum co-founder Vitalik Buterin said the upcoming Fusaka upgrade will allow nodes to verify data availability without downloading complete blockchain data, improving scalability. The upcoming upgrade, set for December, will help to solve current data availability constraints through a core feature called PeerDAS (Peer Data Availability Sampling), Buterin explained on Thursday. “PeerDAS is trying to do something…
Ripple and the tokenization platform Securitize have integrated the Ripple USD stablecoin as an off-ramp for tokenized funds by major crypto investment firms BlackRock and VanEck. Ripple and Securitize launched a smart contract allowing holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to exchange their tokenized shares for the Ripple USD…
Kazakhstan’s central bank launched a pilot project with a new stablecoin pegged to the local fiat currency in collaboration with Solana and Mastercard. The National Bank of Kazakhstan announced the launch of the stablecoin project within the framework of its Digital Assets Regulatory Sandbox, according to a statement shared with Cointelegraph on Tuesday. The new Evo (KZTE)…
The US Securities and Exchange Commission is working to create an “innovation exemption” that would ease approval of digital-asset products by the end of the year, SEC Chair Paul Atkins said on Tuesday. During an interview on Fox Business, Atkins told anchor Maria Bartiromo that the SEC is working on “rulemaking in the coming months.” We’re looking…