Tether Launches Gold-Backed Stablecoin ‘Alloy’

by Theresa Joy Lacatan | Jun 18, 2024 | Blog News, Crypto News

Tether, one of the largest companies in the cryptocurrency industry, has officially launched Alloy by Tether, a new asset backed by Tether Gold. According to the official blog post, Alloy by Tether aims to redefine stability in the digital economy by combining the...

U.S. Supreme Court to Rule on Nvidia’s Alleged Crypto-Mining Revenue Disclosure Deception

by Theresa Joy Lacatan | Jun 18, 2024 | Blog News, Crypto News

The US Supreme Court has decided to review a significant case involving Nvidia Corp.’s disclosure of its crypto mining revenue, a decision that could set a precedent for future shareholder lawsuits. Nvidia is seeking to dismiss an investor lawsuit claiming that the...

El Salvador Proposes Bitcoin Bank to Boost Financial Services and Investment

by Theresa Joy Lacatan | Jun 17, 2024 | Blog News, Crypto News

El Salvador’s President Nayib Bukele has proposed the establishment of a Bank for Private Investment (BPI) to diversify financial services offered in both U.S. dollars and Bitcoin. This initiative, announced by Milena Mayorga, the Salvadoran Ambassador to the United...

Australia’s ASX Approves First Spot Bitcoin ETF

by Theresa Joy Lacatan | Jun 17, 2024 | Blog News, Crypto News

The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), which will commence trading on 20 June, 2024. The VanEck Bitcoin ETF (VBTC) will be issued by investment firm VanEck, as confirmed in a press release shared with...

Taiwan Crypto Industry Takes Initiative With New VASP Association to Set Industry Standards

by Theresa Joy Lacatan | Jun 15, 2024 | Blog News, Crypto News

In a move towards self-regulation ahead of anticipated government action, 24 leading cryptocurrency companies in Taiwan have joined forces to establish the Taiwan Virtual Asset Service Provider (VASP) Association. Announced on 13 June, 2024, this association aims to...

FlowBank Declared Bankrupt by FINMA, CoinShares Among Major Stakeholders

by Theresa Joy Lacatan | Jun 15, 2024 | Blog News, Crypto News

The Swiss Financial Market Supervisory Authority (FINMA) on 13 June, 2024, announced the commencement of bankruptcy proceedings against FlowBank. The decision came after FlowBank was found to lack the minimum capital required for its business operations. FINMA also...