Cryptocurrency News

26 March

Celo Completes Transition to Ethereum Layer 2 for Enhanced Scalability

Celo, a blockchain platform focused on mobile-first decentralized applications, has successfully completed its migration to an Ethereum Layer 2 network. This transition is designed to improve scalability, reduce transaction costs, and enhance interoperability within the Ethereum ecosystem. Why Move to Layer 2? By shifting to Ethereum’s Layer 2 infrastructure, Celo benefits from increased transaction efficiency while maintaining the security and …

26 March

Coincheck Unveils Corporate Crypto Custody Service in Japan

Japanese cryptocurrency exchange Coincheck has launched a new corporate crypto custody service, aiming to provide secure storage solutions for institutional investors. The move reflects the growing demand for robust custody infrastructure as businesses increasingly explore digital asset investments. Why Crypto Custody Matters for Institutions Unlike retail investors, corporations and institutional firms require higher security measures and regulatory compliance when managing …

26 March

Ripple Settles With SEC for $50M as Legal Battle Nears End

Ripple has reached a settlement with the U.S. Securities and Exchange Commission (SEC), agreeing to pay $50 million to resolve the long-running lawsuit over its XRP token. The settlement marks a significant step toward concluding one of the most closely watched legal battles in the cryptocurrency industry. Background of the Case The SEC filed a lawsuit against Ripple in 2020, …

26 March

Xapo Bank Executive on Institutional Crypto Adoption: ‘Crypto is Here to Stay’

As the cryptocurrency industry matures, institutional adoption continues to expand. In a recent discussion, a senior executive at Xapo Bank emphasized the long-term viability of digital assets, stating that “crypto is here to stay.” This statement underscores the increasing role of cryptocurrencies in global finance, particularly among banks and institutional investors. Why Institutions Are Embracing Crypto The shift toward digital …

26 March

GameStop Board Approves Bitcoin for Company Reserves in Strategic Shift

GameStop has announced that its board has approved the inclusion of Bitcoin as part of the company’s reserves. This decision marks a significant step in the retailer’s evolving strategy, aligning with a growing trend of corporations adopting cryptocurrency as a store of value. Why Bitcoin? GameStop’s decision reflects increasing confidence in Bitcoin as a hedge against inflation and a long-term …

25 March

SBI Group Set to Launch USDC Stablecoin in Japan on March 26, Confirms Circle

Japanese financial giant SBI Group is set to introduce USD Coin (USDC) in Japan on March 26, marking a significant step in the adoption of regulated stablecoins in the country. The launch, confirmed by USDC issuer Circle, is expected to expand the use of digital dollars in Japan’s financial ecosystem. USDC’s Entry into the Japanese Market USDC, a stablecoin pegged …

25 March

SEC Launches Crypto 2.0 Task Force to Strengthen Trade Oversight

The U.S. Securities and Exchange Commission (SEC) has announced the formation of the Crypto 2.0 Task Force, a new initiative aimed at enhancing oversight of digital asset markets. This move signals the agency’s continued efforts to regulate the evolving cryptocurrency landscape and address emerging risks in trading activities. A New Era of Crypto Regulation The Crypto 2.0 Task Force will …

25 March

SEC Chair Opposed Lawsuit Against Elon Musk: Reuters

The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, reportedly voted against taking legal action against Elon Musk over alleged violations of a 2018 settlement agreement, according to a Reuters report. The decision marks a significant moment in the ongoing regulatory tensions between the SEC and the Tesla CEO. Background of the Dispute The SEC has had a longstanding …

25 March

Web3 Firm Backseat Acquires Japanese Crypto Exchange Coinbook

Web3 technology firm Backseat has officially acquired Coinbook, a Japan-based cryptocurrency exchange, in a move aimed at expanding its presence in the Asian digital asset market. The acquisition marks a strategic push by Backseat to strengthen its foothold in the region’s growing crypto ecosystem. Expanding into the Japanese Market Japan has long been a key player in the cryptocurrency industry, …

25 March

Kraken Seeks $1B Debt Raise as IPO Plans Take Shape: Report

Cryptocurrency exchange Kraken is reportedly looking to raise up to $1 billion in debt financing as it prepares for a potential initial public offering (IPO), according to sources familiar with the matter. The move signals the company’s efforts to strengthen its financial position ahead of a highly anticipated market debut. Building Financial Resilience Kraken, one of the largest digital asset …