Bitcoin

U.S. House Advances Stablecoin Bill Amid Crypto Surge The U.S. House of Representatives has introduced a pivotal stablecoin oversight bill aimed at regulating dollar-denominated digital tokens, marking a significant step forward in legislative efforts for the rapidly evolving crypto sector. Background and Context The recent introduction of the House stablecoin oversight bill marks a pivotal…

Ethereum’s Pectra Test Upgrade: A Critical Step Forward Ethereum’s final Pectra test upgrade went live on Wednesday, marking a significant milestone in the blockchain’s evolution. Following previous test failures, this crucial test on the Hoodi network aims to ensure smooth functionality before the much-anticipated upgrade reaches the Ethereum mainnet. Background and Context The recent launch…

Sen. Gillibrand Urges Strong Stablecoin Legislation U.S. Senator Kirsten Gillibrand warns that a ‘watered-down’ stablecoin bill could harm the crypto industry and consumer protections, emphasizing the urgency for robust regulations to prevent crises like the recent bank runs and FTX collapse. Understanding the Stablecoin Legislation Impact Stablecoin legislation is at a critical juncture in the…

Wyoming State Gears Towards Launching a Stablecoin This Year Wyoming is on track to become the first U.S. public entity to launch a fully reserved fiat-backed stablecoin later this year, with testing currently underway across multiple blockchain networks. State officials announced at the DC Blockchain Summit that the Wyoming Stable Token (WYST) aims for a…

GameStop Launches $1.3 Billion Convertible Debt for Bitcoin In a bold shift towards the digital currency landscape, GameStop is raising $1.3 billion through convertible debt to fund its new bitcoin treasury strategy, joining the ranks of major firms diversifying their asset portfolios. Importance of GameStop’s Bitcoin Treasury Strategy GameStop’s recent decision to raise $1.3 billion…

GameStop’s Bold Bitcoin Investment Strategy Shakes Markets Shares of GameStop (GME) surged 16% on Wednesday as the company unveiled plans to incorporate bitcoin (BTC) into its financial strategies, igniting social media discussions around its future in the cryptocurrency space. CEO Ryan Cohen’s ambition to diversify into bitcoin comes as GameStop reported holding $4.8 billion in…

Unlocking Private Credit’s Potential through Tokenization Tokenization in the private credit market is set to transform the way businesses access financing, mirroring the efficiency and openness of decentralized finance. By breaking down barriers in a growing $1.7 trillion market, this blockchain innovation democratizes lending, offers higher yields, and infuses traditional finance with the capabilities of…

Ethereum’s Final Pectra Test Goes Live On Hoodi Network The final dress rehearsal for Ethereum’s upcoming Pectra upgrade occurred Wednesday, showcasing the blockchain’s biggest changes in over a year. This critical testing phase gives ecosystem players, particularly staking providers, a last chance to ensure smooth functionality before the upgrade hits Ethereum’s mainnet. During this test,…

U.S. House Unveils Stablecoin Regulation Bill In a significant move towards regulating digital currencies, the U.S. House of Representatives is set to publicly unveil the much-anticipated U.S. stablecoin regulation bill, according to Rep. Bryan Steil. The bill aims to create a framework for stablecoin issuance, aligning House efforts with a parallel Senate initiative. Background and…

Bitso Launches Juno: A Game Changer for LatAm Payments Crypto exchange Bitso is spearheading a new era in cross-border payments with its fully-backed Mexican peso stablecoin, MXNB, launched through its subsidiary Juno. This innovative token promises to streamline financial transactions across Latin America, addressing the challenges of high costs and inefficiencies traditionally faced by businesses….