China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […]
Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy
Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO […]
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy may not yet be in a recession. Claudia Sahm on U.S. […]
Eigenlayer Introduces Permissionless Token Support, Expanding Crypto Economic Security Options
Eigen Labs has announced an upcoming update to the Eigenlayer protocol, introducing Permissionless Token Support. This feature aims to broaden the range of ERC20 tokens that can be utilized as restakable assets, enhancing the crypto economic security of decentralized networks. Permissionless Token Support Is Coming to Eigenlayer Eigen Labs revealed it is set to release […]
Dydx Introduces Major Chain Upgrade With New Features
Decentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch. Dydx Introduces Permissionless Market Listings and Megavault in Upcoming Chain Overhaul According to the announcement, the […]
Declarative Blockchain Developer Essential Secures $11M Series A Round
Essential has successfully secured $11 million in Series A funding. The round was led by Archetype, with contributions from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and Propeller Heads, and others. This funding will accelerate the development of Essential’s blockchain, which aims to revolutionize web3 by […]
Coinshares Weighs Trump and Harris’ Impact on Bitcoin Ahead of 2024 Election
In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024 U.S. presidential election on bitcoin, with a focus on the policies and positions of former President Donald Trump and current Vice President Kamala Harris. Coinshares’ analysis suggests that the outcome could significantly influence the regulatory landscape for digital assets. […]
Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain, […]
Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms
Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures […]
Exodus Expands Wallet Capabilities With Blockchain.com On-Ramp Integration
Exodus Movement, Inc. has announced a new partnership with Blockchain.com to integrate Passkeys Wallet with Blockchain.com’s fiat on-ramp services. The integration aims to streamline the process of creating and funding cryptocurrency wallets, potentially expanding access to digital assets. Exodus and Blockchain.com Collaborate to Streamline Global Crypto Access Exodus’ Passkeys Wallet now allows users to purchase […]
