Fidelity Investments plans to launch a stablecoin, expanding into the US Treasury Market and joining the growing stablecoin sector.
Michael Ndu-okeke
Tether, the industry's largest stablecoin issuer, is set to hire the Big 4 to audit its reserves, ending longstanding criticisms of the company's lack of transparency. Tether CEO Paolo Ardoino said the audit was a top priority for the firm following suspicion raised by the company's colossal revenue. Tether has not disclosed which Big 4…
Paul Atkins, the Incoming Chairman of the US Securities and Exchange Commission, is finally slated for a Senate hearing regarding his new role at the Commission. Leading Crypto Journalist Eleanor Terret reported that Atkins will face the US Senate Banking Committee Next Thursday alongside Jonathan Gould, another Trump Nominee. If the Senate successfully confirms Paul…
Cathie Wood, the CEO of Ark Investment Management, warns most memecoins would eventually become worthless. The CEO said his private investment firm would not invest in any of them following her conviction on the absence of a long-term use case for the crypto asset class. “ The combination of blockchain technology and artificial intelligence is…
The State of North Carolina passed a Bill authorizing the state treasurer to allocate 10% of the State’s public fund to Bitcoin. Bitcoin Laws reported that Bill SB327 will require the state to set aside 10% of its public funds for the acquisition of Bitcoin. The state’s Bitcoin reserve will be kept in a multi-signature…
The 11 Bitcoin ETFs reversed their recurring trend of outflows yesterday, recording no outflow. The Bitcoin ETFs pulled in $274 million, highlighting a resurgence in investor interest. According to SoSoValue's analysis, the figures marked a significant turnaround from the prior week’s outflows, totaling around $870.4 million. This significantly means a renewed appetite among institutional and retail…
The Acting Chair of the United States Securities and Exchange Commission, Mark T. Uyeda, has proposed reexamining the Crypto Custody rule initiated by the Gary Gensler-led Commission. Uyeda said commentators criticized the rule, which requires registered investment advisers to keep crypto with a qualified custodian and requires those custodians to abide by certain requirements. Speaking…
Crypto Exchange Gemini, founded by the Winklevoss Twins, appointed Dan Chen as the new Chief Financial Officer as it prepares for an Initial public offering. Dan Chen previously worked at Affirm, MetLife Investments, and Morgan Stanley and will manage the exchange's financial department. The New CFO announced his appointment on his X page, sharing his…
Hayden Davies, the Libra Memecoin Scam's architect and Melania Memecoin's creator, has launched yet another memecoin project despite being on Interpol's Watchlist. Bubblesmap reported that the Crypto villain launched yet another memecoin, “ WOLF”, despite being caught up in the web of two popular rug pulls. “ In collaboration with Coffeezilla, we exposed Hayden Davis…
OKX Exchange announced it is suspending its Decentralized Exchange services following growing criticisms from the global crypto community. The Exchange announced this decision in a press release on Monday, 17. Citing increased media attacks, it explained that the suspension allowed it to implement additional upgrades to prevent further exploitation. “ After consulting with regulators, we…