Coinbase Teases Wrapped Bitcoin Token WBTC Amid Concerns
After hinting at a new wrapped Bitcoin product called “cbBTC,” Coinbase has stirred up the cryptocurrency market. The announcement was made on August 14th, via Coinbase’s official X account. The post merely said “cbBTC” and included a “coming soon” remark. In a later article, Jesse Pollak, the head of Coinbase’s layer-2 network Base, expressed his […]
Coinbase Returns to Hawaii Amid Improved Regulations
Coinbase, the largest publicly traded crypto exchange in the U.S., has officially launched its services in Hawaii. This action comes in the wake of recent regulatory adjustments made by the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions, which have clarified things for cryptocurrency companies doing business in Hawaii. Due to new […]
Superstate Integrates Chainlink for Tokenized Treasury Fund
Blockchain asset management startup Superstate has capitalized on the tokenization sector with Chainlink’s technology. The asset manager will use the Chainlink Data Feeds to bring net asset value information for its tokenized treasury fund on-chain. Superstate said in the announcement that it intends to use Chainlink’s technology to improve the composability of its Superstate Short […]
Tether Commits $3m to Expand USDT in Middle East
Tether Operations Limited invested $3 million in Kem, a financial management app, to improve Middle Eastern financial inclusion. With its $3 million investment, Tether hopes to encourage the region’s use of its stablecoin and expand its access to financial services. Through this collaboration, Tether’s stablecoin USDT will be made available on the Kem platform to […]
Putin Signs Law to Legalize Crypto Mining in Russia
In the past two years, Russia has partially adopted the foremost cryptocurrency, Bitcoin, and BTC mining, despite nearly banning them. On August 8, Russian President Vladimir Putin signed new laws that officially legalized Bitcoin and digital asset mining . From this point forward, a national register will determine the ability to mine BTC in Russia. […]