Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin

Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate USDT-based cross-border payments in emerging markets. XREX will use the … Read more

Tezos Activates 16th Upgrade ‘Paris’: Boosting Throughput and Performance

Tezos, a blockchain known for its onchain governance system, has activated its 16th protocol upgrade, Paris, on mainnet on June 4th, 2024. This upgrade introduces the Data Availability Layer (DAL), which boosts Layer 2 throughput and unlocks new use cases in gaming, ticketing, and services requiring high-speed transactions. The upgrade also reduces block times to … Read more

Cardano Foundation Forges Government Partnership in Argentina to Boost Blockchain Adoption

The Cardano Foundation has announced an interesting new public partnership in Argentina. The collaboration, which follows a public signing between Rogelio Frigerio, the Governor of Entre Ríos, and Rafael Fraga, the LATAM Lead for Business Development at the Cardano Foundation, is with the state of Entre Ríos, a central province of Argentina. The partnership aims … Read more

Ledger Live Enhances User Experience With Crypto.com Pay On-Ramp Integration

Ledger Live has announced a strategic partnership with Crypto.com Pay to integrate its on-ramp digital payments technology into Ledger’s software. This integration will enable Ledger Live app users to conveniently purchase over 300 cryptocurrencies using the Crypto.com Pay On-ramp payment gateway. The new feature, which offers a fast checkout experience for verified customers to buy … Read more

Bitcoin-Based DOG Token Climbs to 8th Largest Meme Coin, Nears $1B Capitalization

The Runes-based meme token DOG•GO•TO•THE•MOON, initiated by Leonidas, the founder of Ord.io, has reached a new pinnacle in its journey. It has ascended to become the 8th-largest meme coin by market capitalization. The token, which combines the fun of a meme coin with the trust of Bitcoin and the efficiency of the Runes protocol, has … Read more

BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement

In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub … Read more

ERC-6900 Website Launches, Co-Authored by Ethereum Foundation, Alchemy, Circle and Quantstamp

The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart accounts. The core idea behind ERC-6900 is to foster permissionless innovation by making it easier for developers to build secure, … Read more

Ripple Report: Crypto and CBDCs Transforming Global Payments

Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability, … Read more

Robinhood Introduces Crypto Trading API

Robinhood, the popular investment and trading platform, has announced a significant upgrade for its crypto customers in the United States. Users can now leverage Robinhood’s newly introduced Crypto Trading API to view real-time crypto market data, manage their portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping … Read more