Former Consensys Employee Launches Stablecoin ‘USD3’
Former Consensys employee Jack Jia, the founder of Stable.com has launched USD3, a “payments-first” new stablecoin despite the present lack of a regulatory framework and uncertainty around the market. The USD3 is a 1:1 backed stablecoin and aims to be an
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
The US Treasury, on Wednesday, released it first risk-assessment report, exploring the vulnerabilities associated with non-fungible tokens (NFTs). The report stressed that these asset classes are “highly susceptible to use in fraud and scams,” most of which are traditional schemes. The
Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show
According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF. The filing, submitted on May 28, has left investors and industry observers speculating
Genesis Returns $2.2B in Crypto Assets to Lending Program Participants
Defunct crypto lender Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program. The distribution followed a New York bankruptcy judge approving the Chapter 11 plan last week. Gemini said in a post on
Survey Reveals 84% of US Gamers Haven’t Tried Blockchain Games
A recent survey found that nearly 80% of gamers in the United States have never heard of or played blockchain video games. According to a poll conducted by Onepoll.com, most gamers in the U.S. remain unaware of blockchain games, including their
Hidden Road Halts Client Access to Bybit Over KYC and AML Disagreements- Bloomberg
Hidden Road, a prime brokerage backed by Citadel Securities, has suspended client access to the cryptocurrency trading platform Bybit due to disagreements over know-your-customer (KYC) and anti-money laundering (AML) requirements. According to Bloomberg, Bybit is undergoing a comprehensive compliance review
New York Stock Exchange to Launch Bitcoin Options Products
The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance. The new Bitcoin options on the NYSE will track the CoinDesk Bitcoin Price Index (XBX) to determine their value. This index,
BlackRock Files Revised S-1 Form for Spot Ethereum ETF as Launch Looms
Analysts suggest that spot Ethereum exchange-traded funds (ETFs) in the United States could potentially launch by late June. BlackRock, a leading asset management firm, recently updated its Form S-1 filing for its iShares Ethereum Trust (ETHA), a crucial step towards the
Solana Meme Coin Prices Surge – Dogwifhat Up 20% and Sealana Raises Over 3 Million
Solana meme coin prices are surging, with dogwifhat (WIF) up a stunning 27% since the start of the week while an exciting new coin called Sealana (SEAL) has raised more than $3 million. WIF retested $4.0 on Wednesday and looks likely
Trader Turns $462 into $3.4 Million Thanks to PEPE
While very volatile, cryptocurrencies offer some of the highest potential returns in investing, especially with assets like meme coins. The potential of meme coins to turn a small investment into a fortune was on full display recently. As per on-chain monitoring and