Wyoming to Launch USD-Backed Stablecoin in 2025 for Cheaper Payments
Wyoming plans to launch its own USD-backed stablecoin, the Wyoming Stable Token, by early 2025 to enable faster and cheaper consumer payments. According to a report by Tanaya Macheel for CNBC, Wyoming is currently preparing for the next significant development in the crypto space: consumer payments. The Wyoming Stable Token, a U.S. dollar-backed stablecoin, is […]
WazirX Seeks 30-Day Pause for Restructuring Amid Lawsuit
CoinSwitch has sued WazirX over funds locked on its platform after a July cyber attack. WazirX simultaneously filed for a 30-day moratorium with Singapore’s High Court. CoinSwitch, a cryptocurrency exchange, has initiated legal proceedings against its embattled competitor, WazirX, in response to funds that remain on the latter’s platform as a result of an alleged […]
Pavel Durov Heads to Court
French authorities detained Pavel Durov for up to 96 hours, extending it by 48 hours, over allegations of Telegram being used for serious crimes like child abuse, drug deals, and fraud. Reasons for Pavel Durov’s Arrest For what reason? French authorities have been investigating several severe allegations against Telegram, including the possibility that its users […]
Sony Stock Rallies as Soneium Testnet Launches
Sony’s Soneium Spark initiative provides up to $100,000 in funding, mentorship, and industry connections to foster innovation. The blockchain division of the Sony Group has taken a significant step towards the widespread use of blockchain technology by initiating the testnet phase for its Ethereum Layer-2 solution, Soneium. Sony and Startale, a Web3 infrastructure provider, collaborated […]
OpenSea Faces Wells Notice From US SEC
OpenSea, a non-fungible trading platform, received a Wells Notice from the Gary Gensler-led SEC in another crackdown step. OpenSea, the leading platform for trading Non-Fungible Tokens (NFTs), has just been served a Wells Notice by the U.S. Securities and Exchange Commission (SEC). This marks another instance in a series of actions taken against entities in […]