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Bitcoin Utility Under Question by Fed’s President Neel Kashkari

Key Highlights: Federal Reserve Bank of Minneapolis President Neel Kashkari recently disparaged Bitcoin, drawing parallels between the cryptocurrency and Beanie Babies, further intensifying his criticism of digital currencies. Questioning Bitcoin Utility In a LinkedIn discussion with Jennifer Ablan, Kashkari responded…

Circle’s Integration with Solana Aims to Boost Cross-Border Payments

Circle’s role in the crypto sphere is expanding as it supports Solana. The rising star among blockchain networks, particularly for making cross-border transactions easier. In March alone, Solana facilitated a staggering $1.4 trillion in stablecoin transfers. Cementing its position as…

Biden administration blamed by US Senate for using crypto as a ‘scapegoat’ for stopping finance

Key Highlights: During a recent Senate hearing, Senator Tim Scott launched a scathing critique against the Biden administration. Accusing it of using cryptocurrency as a convenient scapegoat in its efforts to combat terrorism financing. According to Scott, this singular focus…

Coinbase recieves $2.1B worth of Seized Bitcoin from the US Government

Key Highlights: The US government recently initiated a significant transfer, moving 30,174 Bitcoin valued at $2.1 billion, seized from Silk Road, to Coinbase. This transfer, observed on Tuesday morning, marks a crucial step in the handling of digital assets seized…

Fidelity integrates staking into its Ethereum ETF application

Key Highlights: Fidelity, a financial giant overseeing $4.5 trillion in assets, has recently amended its spot Ethereum ETF application. The amendment, submitted late Monday, introduces a notable addition: the integration of staking into the prospective fund’s strategy. In the updated…

Coca-Cola HBC Adopts New Solana-Based ALL.ART Blockchain for Staff Qualifications

Key Highlights In a huge collaboration, Coca-Cola HBC, a key bottling partner for the Coca-Cola Company. Has embraced blockchain technology through its partnership with Solana-based platform ALL.ART. The focus of this innovative venture is to enhance and secure the internal…

South Korea-U.S. Crypto Talks on NFT Classification and ETF Approval

Key Highlights In an upcoming discussion between the head of the Financial Services Commission in South Korea and U.S. Securities and Exchange Commission Chair Gary Gensler in May, key topics include the classification of non-fungible tokens (NFTs) and the approval…

Solana NFTs Soar to $5 Billion: Galaxy Fox Emerges as Top GameFi Contender

Key Highlights The digital assets space witnesses a groundbreaking shift as Solana NFTs achieve a staggering $5 billion in trade volume. In tandem, Galaxy Fox, a prominent GameFi player, garners attention from investors in 2024. Solana NFTs Surge In the…

Web3 Privacy: COTI Implements Garbled Circuits on Blockchain Ahead of V2 Launch

Key Highlights: In a groundbreaking development, COTI, a Web3 infrastructure development firm, has successfully demonstrated the deployment of garbled circuits on the blockchain. This achievement comes just before the anticipated launch of COTI V2, the privacy-centric Ethereum-based layer-2 network, scheduled…

Recent Changes in Web3: Is eBay Ending NFTs?

Key Highlights: In a surprising turn of events, it appears that eBay might be reconsidering its stance on NFTs. Sources close to the e-commerce giant’s Web3 division have revealed that a substantial 30% of the team has been laid off.…