Sky Launches USDS Stablecoin on Solana
Sky, formerly known as Maker, introduced USDS stablecoin on Solana, as the network’s “first major Defi-native stablecoin.” A Nov. 19 announcement states that USDS is the first step in Sky’s plan to “increase Solana’s DeFi liquidity and TVL” and is anticipated to improve lending, borrowing, and trading on the network’s top DeFi platforms. The decentralized […]
FINMA Warns of Money Laundering Risks with Crypto
The Financial Market Supervisory Authority of Switzerland has warned about the dangers of cryptocurrency-related money laundering. According to the regulator’s 2024 Risk Monitor report, stablecoins and other cryptocurrencies are being used more frequently for cyberattacks, payments for illicit dark web activity, and avoiding sanctions associated with geopolitical events. Anti-money laundering measures have been made more […]
Hoth Therapeutics Approves Purchase of $1M Bitcoin
Nasdaq-listed Hoth Therapeutics has announced plans to purchase Bitcoin as a treasury reserve asset. On November 20, Hoth said that its board of directors authorized the purchase of $1 million worth of Bitcoin. Using Bitcoin as a reserve asset will make the biopharmaceutical company the most recent organization to do so. Despite being very minor […]
Emojicoin Goes Live on Aptos Blockchain
Aptos, the blockchain network backed by a16z, has seen its first pump.fun clone emerges as meme coin mania continues to thrive. Users may now launch, trade, and transfer emoji-tickered tokens on the Aptos blockchain thanks to Emojicoin, a new platform based on a Move-based blockchain. The platform’s developer, Econia Labs, stated in a blog post […]
Gemini Launches in France after VASP Registration
The next stage of Gemini’s European expansion began with the official start of operations in France. The business is taking advantage of France’s expanding cryptocurrency ecosystem and legislative support after registering as a Virtual Asset Service Provider earlier this year. According to a Gemini press statement, the move enables customers in France to register Gemini […]