Gary Gensler, the former head of the US Securities and Exchange Commission (SEC), recently defended his tough stance on cryptocurrencies. He said he’s proud of his actions while at the SEC, arguing that most cryptocurrencies, except Bitcoin, lack solid foundations. Gensler’s Actions: Protecting Investors or Stifling Innovation? Gensler pushed back against claims that his approach…
PayPal’s stablecoin, PYUSD, is getting a big upgrade! It’s now available on a bunch more blockchains thanks to a partnership with LayerZero. Expanding to New Networks LayerZero’s technology lets PYUSD work on networks where it wasn’t originally available. They did this by creating PYUSD0, a new version that’s basically the same as the original PYUSD….
Dogecoin saw a huge surge in buying activity from big investors (whales) this past week. Whale Accumulation Data from Santiment shows that wallets holding between 100 million and 1 billion DOGE significantly increased their holdings. This was one of the biggest buying sprees in recent memory. This buying happened around the same time Dogecoin’s price…
Canadian police made history with their largest-ever cryptocurrency seizure, netting over $40 million USD (about $56 million CAD). This massive operation targeted the TradeOgre cryptocurrency exchange. Taking Down TradeOgre The Royal Canadian Mounted Police (RCMP) seized servers in Quebec that powered TradeOgre’s operations. This effectively shut down the exchange’s Canadian infrastructure. Sgt. Mathieu Lagarde explained…
Cardano (ADA) is having a moment. Its price is nearing $1, and excitement is building. This renewed bullishness has investors piling into the cryptocurrency. Trading Volume Explodes Cardano’s trading volume recently skyrocketed to over $2.5 billion in a single day! This massive surge in activity shows strong investor interest and confidence in Cardano’s future. It’s…
SWIFT, a major player in international payments, recently announced some big changes. They’re adopting the ISO 20022 standard and bringing in blockchain tech. This is significant because SWIFT and Ripple are competitors in the global payments arena. SWIFT’s Strategy: Interoperability, Not Competition A SWIFT executive explained their plans: they’re focusing on making their system work…
The launch of the REX-Osprey XRP ETF ($XRPR) on the Cboe BZX Exchange was a huge success, exceeding all expectations. XRPR’s Explosive Debut The ETF’s first day saw a record-breaking $37.75 million in trading volume—a staggering 37 times higher than the average for crypto ETFs. This shows massive investor interest in XRP. While $XRPR isn’t…
Charles Hoskinson, the founder of Cardano, recently revealed some behind-the-scenes plans to bring XRP and Ripple USD closer to the Cardano ecosystem. He discussed this during a public online session. A Multi-pronged Approach Hoskinson explained that the plan involves several initiatives, not just a single partnership. They’ve been in talks with various people and projects…
Bitcoin is aiming for $118,000, and experts think it could even hit a new all-time high! Buyers are back in control after some recent price swings, and this could easily push Bitcoin past $120,000. The Recent Dip: A Shakeout, Not a Crash? One expert group, Crypto VIP Signal, says the recent price drop was just…
South Korea is getting ready for big changes in its crypto regulations, and a major player just made a move. BDACS, a digital asset custodian, teamed up with Woori Bank (one of the country’s biggest banks) to launch KRW1, the first stablecoin pegged to the South Korean Won (KRW). It’s running on the Avalanche blockchain….
