Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report
The report surveyed more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia and India.
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Stablecoin Giant Circle Is Moving Its Headquarters to New York City
The USDC issuer will move into One World Trade Center, and New York Mayor Eric Adams – who has sought to make the city a crypto hub – will attend the Friday ribbon cutting.
Kalshi Lists Election Contracts After Defeating CFTC in Court
The agency plans to appeal the case brought by the trading platform, and could still ask the higher court to stop the firm from listing the contracts.
YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground
Restaking protocol YieldNest is introducing ynBNB, the first liquid-restaking token on BNB Chain.
WeWork Founder’s Climate Firm Refunds Crypto Token Holders After Failed Launch: Forbes
Flowcarbon, which raised $70 million from investors like Andreessen Horowitz, aims to tokenize carbon credits, but the token never launched.
Coinbase’s Version of Wrapped Bitcoin, ‘cbBTC,’ Goes Live
The token will initially be offered on Ethereum and Coinbase’s Base networks, with plans to expand to more blockchains in the coming months.
Tune.FM, Music Streaming Project on Hedera Blockchain, Gets $50M Capital Commitment
The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round.
CFTC Has No Authority to Second-Guess Election Contracts, Judge Says
Elections are not a form of “gaming,” so the agency should not have conducted a public review of Kalshi’s political prediction markets, the judge wrote.
CoinDesk 20 Performance Update: XRP Rallies 5.3%, Leading Index Higher
NEAR also jumped 5.0%, joining Ripple as a top performer.
EToro Reaches $1.5M SEC Settlement, Agrees to Stop Trading Most Cryptocurrencies
The only crypto assets U.S. customers will be able to trade on the company’s platform are bitcoin, bitcoin cash and ether.