In a bold move that could reshape the stablecoin landscape, Reeve Collins, co-founder of Tether, is set to introduce a decentralized stablecoin known as USP. Scheduled for launch in the second half of 2025, USP will operate on the Ethereum and Solana blockchains. This venture comes at a time when the stablecoin market is teeming
Crypto
In recent years, the landscape of financial fraud has undergone a dramatic transformation, particularly with the emergence of Pig Butchering scams. Traditionally, older adults fell prey to most scams, but recent trends indicate that younger individuals, particularly those aged 30 to 49, are increasingly becoming the primary targets. This demographic shift can be attributed to
In the ever-evolving world of investments, Bitcoin (BTC) and gold have recently manifested strikingly different price trajectories. Over the past six months, gold has encountered a meteoric rise, edging closer to the coveted $3,000 per ounce mark, while Bitcoin has struggled to maintain its footing below the $100,000 threshold. This stark contrast not only raises
The cryptocurrency landscape is often characterized by its volatility and rapid shifts in investor sentiment. As we examine the performance of Bitcoin exchange-traded funds (ETFs) in the U.S. during February 2025, it becomes apparent that the once-enthusiastic demand has significantly waned. This article delves into the reasons behind this decline, the implications for Bitcoin and
In the wake of the recent Bybit hack, the cryptocurrency market has displayed notable resilience. Bitcoin (BTC) found its footing above $96,000, rebounding from significant fluctuations caused by the shocking breach of $1.5 billion in Ethereum (ETH) from Bybit’s hot wallet. This event sent ripples through the market, temporarily knocking BTC from levels close to
In a ground-breaking development, Standard Chartered Bank Hong Kong (SCBHK) has teamed up with Animoca Brands and Hong Kong Telecommunications (HKT) to create a joint venture (JV) aimed at launching a stablecoin backed by the Hong Kong dollar. This initiative is not just a financial maneuver; it represents a collaborative spirit among three influential sectors—banking,
The shocking case of Ho Kai Xin, a former payroll processor at WeChain Fintech Singapore, illustrates the severe consequences of corporate dishonesty and the depths to which an individual may fall when greed takes hold. Sentenced to nearly a decade in prison for orchestrating an extensive embezzlement scheme, Ho’s actions not only cost her freedom,
The cryptocurrency landscape has been rocked by what is now considered one of the most significant hacks in the industry’s history, propelling Bitcoin (BTC) into a sharp downward spiral. The incident gained momentum when alarming reports surfaced, revealing suspicious withdrawals from Bybit’s hot wallets. By the time the dust settled, BTC’s value had plunged by
In a groundbreaking move, Altvest Capital Limited has emerged as the first publicly traded company on the African continent to adopt Bitcoin as a strategic treasury asset. This bold decision marks a significant shift in how companies perceive digital currencies, especially within the context of traditional treasury management. By embracing Bitcoin (BTC), Altvest aims to
In recent months, the financial landscape has witnessed a remarkable surge in interest surrounding XRP exchange-traded funds (ETFs). A number of prominent financial entities, including Grayscale, Bitwise, and 21Shares, have submitted applications to establish the first spot XRP ETF in the United States. The U.S. Securities and Exchange Commission (SEC) has acknowledged these applications, a