The founder of Ondo Finance, Nathan Allman, passed away, the firm said in a post on X on Tuesday, without saying why. The new chief executive officer is Ian De Bode, a longstanding president of Ondo who has been in charge of strategy, products, and daily operations for more than two
At a record $322 billion, the total market value of stablecoins is more than the foreign currency reserves of 95 nations, including a number of developed nations. Their current market capitalization exceeds that of developed economies like the UK, Canada, and the oil-exporting behemoth UAE, as well as emerging markets like Mexico,
The Cayman Islands Monetary Authority (CIMA) has granted VALR, Africa’s leading provider of digital asset infrastructure, provisional approval to function as a Virtual Asset Service Provider (VASP). This achievement gives VALR provisional authority to provide a wide range of services, such as: A key component of VALR’s worldwide expansion plan, this approval puts the company
On Monday, Asian stock markets rose, which helped push Bitcoin up a little, thanks to a precipitous drop in oil prices. As of this writing, the top cryptocurrency by market cap was trading around $77,400, an increase of 0.43% over the last 24 hours, as reported by CMC. There, bitcoin
Even if Kevin Warsh is now the chairman of the Federal Reserve, Bitcoin has been under pressure below $78,000 because traders are still concentrating on increasing Treasury rates and the low likelihood of short-term rate reduction. Bitcoin and Risk Assets Remain Under Strain Less than 24 hours after being inaugurated
The US spot Bitcoin exchange-traded fund market is about to see net outflows for the year after six days of withdrawals that began on Friday. After Friday’s market loss of $105.2 million—$68.9 million for BlackRock’s iShares Bitcoin Trust (IBIT) and $36.3 million for Fidelity Wise Origin Bitcoin Fund (FBTC)—net inflows
Vitalik Buterin, co-founder of Ethereum, addressed the rising concerns leveled against the Ethereum Foundation, arguing that it should do more to promote and maintain token pricing. According to Buterin, the Foundation will stick to its stated goals of supporting decentralization of the Ethereum Protocol, open source software code, cybersecurity, long-range
Coins.ph announced the addition of Bitcoin (BTC) and Ethereum (ETH) to its QRPh cryptocurrency payment feature, expanding a system that currently allows customers to pay retailers throughout the country using stablecoins like USDT. By scanning the national QR code standard created by the Bangko Sentral ng Pilipinas (BSP), the integration
Today, Factori AD, a fully licensed and EU-regulated investment broker offering brokerage, OTC execution, custody, and investment advisory services, signed its first securities tokenization deal with REAL Technologies Inc., the parent company of REAL Finance. The agreement is the first live implementation of REAL Finance’s tokenization infrastructure for regulated securities and activates a
On Wednesday, wider risk markets saw slight reprieve as Bitcoin (BTC) regained $77,000. This came after Brent oil prices slid below $108. Big withdrawals from spot Bitcoin ETFs, nevertheless, have made investors reevaluate the likelihood of more negative risk, particularly in light of continuing concerns about a worldwide economic slump.
