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Trump says he is ’embracing’ crypto in launch teaser for World Liberty Financial
Former President Donald Trump announced that World Liberty Financial (WLFI) will officially launch next week on Sept. 16 during a live stream on X (formerly Twitter). Trump shared the news on Sept. 12 via a teaser video on social media, where he stated: “We are embracing the future with crypto and leaving the slow and…
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Consumer protection watchdog warns about Tether's reserves
According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating. Consumers’ Research, a consumer protection group, published a Sept. 12 report warning about stablecoin issuer Tether. It called the company out for a lack of transparency surrounding its US dollar reserves.The…
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Eve Frontier’s in-game economy will let players create real cryptos
CCP games says it isn’t a blockchain game; it’s a game that utilizes blockchain. Eve Online developer and publisher CCP Games officially announced its upcoming massively multiplayer online survival game, Eve Frontier, on Sep. 12.The game will feature a unique blockchain integration allowing players to create their own self-contained economies in the game with a…
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Bill seeks to create SEC-CFTC joint committee on digital assets
Congressman John Rose would make the agencies work together and listen to user and industry representatives. The United States Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) might get along better if they talked more. At least, that is what John Rose, House of Representatives member from Tennessee and Financial Services Committee…
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21Shares diversifies custodians to reduce ‘single-point failure risk’ in crypto ETFs
Asset manager 21Shares has added Anchorage Digital Bank and BitGo as custodians for its spot crypto exchange-traded funds (ETFs) — the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). According to a Sept. 12 statement, Anchorage Digital Bank and BitGo will now work alongside current custodian Coinbase to enhance 21Shares’ spot…
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Bukele advisers said BTC adoption was ‘complete PR move’ — TIME reporter
According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception. The TIME Magazine reporter responsible for one of the first foreign correspondent interviews of El Salvador President Nayib Bukele in three years has suggested that his push for Bitcoin as legal tender in…
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USDC issuer Circle adds Arbitrum to Web3 platform
It’s Circle’s latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether’s USDT. Circle Internet Financial, the manager of dollar-backed stablecoin US Dollar Coin (USDC), has integrated layer-2 scaling chain Arbitrum into its Web3 infrastructure platform, according to a Sept. 12 blog post.The Web3 platform brings USDC-centric programmable wallets,…
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FTX’s Ryan Salame faces sanctions after perjury admission
Former FTX executive Ryan Salame faces potential sanctions after admitting to making false statements during his 2023 guilty plea for campaign finance and money-transmitting crimes. US District Judge Lewis Kaplan, overseeing the case, expressed concerns about Salame’s earlier testimony, where he denied any promises made by prosecutors to secure his plea. Concerns of perjury At…
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SUI leads the crypto market with a 27% weekly gain — What is behind the momentum?
SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable? Sui (SUI) price is up 13% in one day, to trade at $1.02 on Sept. 12. This is part of a prevailing rebound that began on Sept. 3 and has seen Sui rise more than 27% over…
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Building on Bitcoin in the Age of Web3
We need a cultural, philosophical, and technological movement that will return Bitcoin to its once prominent position in the decentralized finance landscape, says Willem Shroé, CEO Botanix Labs.
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