Author: Max Bauer
Societe Generale-Forge (SG-Forge) has announced its intention to launch its euro-backed stablecoin, EURCV, on the XRP Ledger (XRPL) in 2025. This move follows successful deployments of EURCV on Ethereum and Solana, and underscores SG-Forge’s strategy of multi-chain expansion for its MiCA-compliant stablecoin. The integration will be powered by Ripple Custody. The XRP Ledger’s speed, low transaction costs, and scalability were cited as key factors in the decision. The XRPL boasts a robust track record, having processed over 2.8 billion secured transactions since 2012 and supporting over 5 million active wallets. It has also hosted over 1,750 unique applications and exchanges.…
Tether, the leading stablecoin issuer, has launched Hadron by Tether, a groundbreaking platform designed to simplify the tokenization of a wide range of assets, from traditional financial instruments like stocks and bonds to digital assets, loyalty points, and more. The platform leverages Tether’s decade-long experience in the digital asset industry, aiming to democratize asset tokenization and open up new opportunities for individuals, businesses, and governments. Hadron by Tether offers a user-friendly interface for issuing and managing digital tokens throughout their entire lifecycle. The platform prioritizes security, reliability, and a seamless user experience, while also providing a comprehensive suite of tools…
The FBI seized the phone and electronic devices of Polymarket CEO Shayne Coplan early Wednesday morning, just a week after the prediction market platform correctly forecasted President-elect Donald Trump’s victory, a source close to the matter revealed to The Post. The 26-year-old entrepreneur was reportedly awakened at 6:00 a.m. in his Soho residence by US law enforcement officers who demanded his devices. The source described the incident as “grand political theater at its worst,” criticizing the FBI’s approach. “They could have requested these items through his lawyer,” the source stated. “Instead, they orchestrated a so-called raid, seemingly for the purpose…
President-elect Donald Trump has nominated Pete Hegseth, a Fox & Friends Weekend co-host, army veteran, and outspoken Bitcoin advocate, for the position of Secretary of Defense. The announcement, made Tuesday in a Trump-Vance transition statement, has sparked both praise and controversy. Hegseth has been a vocal supporter of the cryptocurrency industry, publicly discussing his personal investments and emphasizing Bitcoin’s value proposition as an asset free from government control. Following Coinbase’s IPO in 2021, he described it as the “tip of the iceberg” for the crypto market, highlighting Bitcoin’s finite supply as a key strength in a world of inflationary monetary…
Billionaire cryptocurrency investor Mike Novogratz has suggested that Bitcoin could reach a staggering $500,000 if the United States were to add it to its strategic reserves. He made the bold prediction during a live interview on Bloomberg, sparking renewed discussion about the future of the leading cryptocurrency. Novogratz’s comments come in the wake of a purported statement attributed to US President-elect Donald Trump, promising to make Bitcoin a reserve asset and halting government sales of the cryptocurrency. However, Novogratz himself expressed skepticism about the likelihood of such a scenario unfolding. He emphasized that for Bitcoin to reach such a price…
BlackRock, the world’s largest asset manager, is broadening its reach in the digital finance space by expanding its tokenized liquidity fund, BUIDL, to multiple prominent blockchains. Initially launched on the Ethereum network in March 2024, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, will now be available on Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon. This expansion marks a significant step in BlackRock’s commitment to pioneering real-world asset tokenization, allowing BUIDL to integrate across diverse blockchain ecosystems. With the new blockchain support, users and applications within these ecosystems can now engage with BUIDL natively, benefiting from features…
The Italian government is expected to dilute a proposed increase in the tax on cryptocurrency trading, according to sources familiar with the matter. The initial proposal, included in last month’s budget, aimed to raise the levy on crypto gains from 26% to a steep 42%. However, following pushback from the crypto industry, the League, a junior partner in Prime Minister Giorgia Meloni’s coalition government, has proposed an amendment to limit the increase to 28%. Crypto industry executives had argued that the 42% rate was excessive and would disadvantage Italy compared to other European Union countries, particularly as the EU prepares…
President-elect Donald Trump is reportedly considering Scott Bessent, a billionaire hedge fund investor with notably pro-cryptocurrency views, for the position of Treasury Secretary. This follows investor John Paulson’s withdrawal from contention, citing the complexity of his personal finances. Bessent’s potential nomination has garnered attention due to his outspoken support for cryptocurrencies, particularly Bitcoin. Fox Business reporter Eleanor Terrett highlighted Bessent’s positive stance, quoting his recent statements on the subject. “I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party,” Bessent stated. “Crypto is about freedom and the crypto economy…
Federal Reserve Governor Christopher Waller expressed skepticism about the need for a U.S. central bank digital currency (CBDC) in recent remarks, arguing that the private sector is better equipped to innovate in the payments space. While acknowledging the Federal Reserve’s role in ensuring a secure and efficient payment system, Waller emphasized that the private sector is more adept at allocating resources and addressing existing shortcomings. “It is too early to assess the impact of new technologies on payment system friction,” Waller stated, “but the private sector is well positioned to explore these developments.” He further argued that the government would…
Following Donald Trump’s presidential win, optimism is brewing among ultra-wealthy investors regarding Bitcoin’s potential. Barbara Goodstein, managing partner at R360, an exclusive community for centi-millionaires, revealed in a recent interview that these high-net-worth individuals see significant upside in the market following the election results. Goodstein, appearing on a financial news program, highlighted the excitement among R360 members about Trump’s victory and its implications for the future. When asked about the sentiment towards Bitcoin, particularly in light of BlackRock’s Bitcoin ETF surpassing its gold ETF in assets under management, Goodstein expressed a strong bullish outlook. “We’re very high on Bitcoin, and…