Category: Bitcoin

Startale Group, a blockchain company that has partnered with technology group Sony to develop its web3 platform Soneium, has launched a stablecoin pegged to the U.S. dollar. The token, called Startale USD (USDSC), is designed to serve as the default digital dollar for payments, rewards and other functions in the Soneium ecosystem, according to a…

Cryptocurrencies’ sharp gains from Monday’s lows were paused in early U.S. trading on Wednesday as technology stocks quickly fell amid disappointing reports on artificial intelligence. Microsoft is reducing sales quotas for artificial intelligence software, The Information reports. The story goes on to say that the software giant has lowered expectations for its next wave of…

Stable, a blockchain purpose-built for stablecoins, and Theo, a full-stack platform that connects on-chain capital to global markets, have jointly committed more than $100 million to the Delta Wellington Ultra Short-Term Treasury On-Chain Fund (ULTRA), a tokenized U.S. Treasury bond fund managed by FundBridge Capital and Wellington Management and powered by tokenization platform Libeara. The…

Antithesis, a Northern Virginia startup that bills itself as software infrastructure that never goes down, raised $105 million in Series A funding led by Jane Street, betting that stress testing distributed systems will be equally important for blockchain and high-speed transactions. Antithesis said in a press release Wednesday that the company’s platform uses deterministic simulation…

The newest member of the U.S. cryptocurrency advocacy group, the American Innovation Project, will soon welcome its first executive director, Allie Page, who previously served as chief operating officer of the Blockchain Association, one of the industry’s leading lobbying organizations. Page will leave next month, following the exit of Blockchain Association CEO Kristin Smith, who…

Polkadot rose 9.2% to $2.28 in the past 24 hours, outperforming the broader cryptocurrency market. According to CoinDesk Research’s technical analysis model, DOT broke above the key $2.25 resistance level that limited the previous rally. The model shows trading volumes surging 60% above the 7-day average, confirming real institutional interest behind the breakout. According to…

New York-based digital asset investment firm Parataxis Holdings said it agreed to acquire a majority stake in South Korean data security company Sinsiway (290560) for 40 billion won ($27.3 million) and convert it into publicly traded ethereum. Ethereum$3,083.26 Finance company. Parataxis and unidentified affiliates will acquire a controlling stake in the 20-year-old company. If approved…

Data tracked by SoSo shows that the U.S. spot XRP exchange-traded fund (ETF) has maintained positive momentum for twelve consecutive days, with net inflows totaling $844.9 million as of December 2. The continued accumulation of capital in spot XRP ETFs makes them the fastest growing major crypto asset vehicle. The funds are on the verge…

By Omkar Godbole (All times Eastern unless otherwise noted) Cryptocurrency market’s sentiment reset continues, Bitcoin Bitcoin$92,891.05 Up 1.6% since midnight UTC, trading above $93,000 while Ethereum shows signs of bear trap Ethereum$3,074.90its price pretended to fall below the lower limit of the descending channel before rebounding. The action reflects rising interest in the broader market,…

The UK now officially recognizes cryptocurrencies as property after passing a new law this week. The Property (Digital Assets, etc.) Bill has received Royal Assent, which is the final step for the Bill to become law after being passed by Parliament. The bill, approved by King Charles on Tuesday, aims to modernize property law to…