Author: Max Bauer

Ripple CEO Brad Garlinghouse has expressed optimism about launching Ripple’s stablecoin this year, pending regulatory approval in the U.S. He also highlighted the potential for stablecoins in Japan, where new legislation has created a favorable environment for such assets. Garlinghouse acknowledged that Japan has been a more conservative market but emphasized the benefits of its clear regulatory framework. He noted that Japan’s early adoption of regulations has fostered entrepreneurship and investment in the crypto space. While Ripple is currently focused on launching its U.S. dollar stablecoin, Garlinghouse believes that yen stablecoins are inevitable, given the growing demand for such assets…

Bitcoin ATMs are rapidly proliferating across the United States, but experts warn they’re also becoming a hotbed for cybercrime. While these machines resemble traditional ATMs, the high value of cryptocurrency makes them attractive targets for hackers. Bitcoin ATMs are susceptible to various attacks. Hackers can install malware to steal private keys, manipulate transactions, or exploit network vulnerabilities to intercept data. Timothy Bates, a cybersecurity professor at the University of Michigan, emphasizes the risk posed by irregular software updates and inadequate network security. Government agencies are raising concerns about the surge in bitcoin ATM scams, with the Federal Trade Commission reporting…

Justin Sun, the founder of Tron (TRX) and a prominent figure in the cryptocurrency market, has announced significant upcoming changes to the Tron network aimed at reducing fees and boosting transaction capacity. In a recent statement, Sun revealed that discussions and plans to lower overall network fees are expected to commence as early as next week. Key among the proposed changes is a 25% increase in the network’s energy cap, which will rise from the current 120 billion to 150 billion per day. This increase is designed to enhance the network’s capacity, allowing more transactions to be processed daily. Additionally,…

Zurich Cantonal Bank (ZKB), the fourth-largest bank in Switzerland, has announced the launch of its cryptocurrency trading and storage services for Bitcoin and Ethereum. This new offering is seamlessly integrated into ZKB’s existing platforms, enabling clients to trade cryptocurrencies around the clock through ZKB eBanking and ZKB Mobile Banking. According to Alexandra Scriba, head of institutional clients & multinationals at ZKB, the service prioritizes security and is designed to allow for the addition of more cryptocurrencies and functionalities in the future. Notably, ZKB takes full responsibility for storing private keys, eliminating the need for customers to manage their own wallets.…

River, a leading Bitcoin technology company, has forecasted a significant shift in corporate treasury strategies in the coming 18 months. According to their analysis, an estimated 10% of US-based companies are expected to convert 1.5% of their cash reserves, approximately $10.35 billion, into Bitcoin. This move is driven by the limitations of traditional corporate financial strategies, which rely heavily on cash and short-term equivalents that often fail to outpace inflation. River’s report highlights that companies allocating 3% to Bitcoin since 2020 have demonstrated greater resilience against inflation. The report further criticizes traditional treasury investments for generating modest returns that often…

The long legal saga surrounding the collapse of FTX is nearing its conclusion, with founder Sam Bankman-Fried imprisoned and other executives facing legal consequences. The focus now shifts to financial reparations for FTX customers, with an estimated $16 billion recovered from the once-$32 billion exchange. Customers can expect to be repaid ‘in full, with interest’, but with a significant caveat: repayments are calculated based on a Bitcoin price of $16,871, far below its current value. This has sparked outrage among creditors, who argue that the promised “full recovery” is misleading. The bankruptcy team, led by John J. Ray III, defends…

Amidst the ongoing buzz in the cryptocurrency sphere, with speculations about digital assets potentially surpassing the US dollar in significance, the CEO of Bank of NY Mellon, America’s oldest bank, remains unfazed. Robin Vince, in a recent interview, confidently stated, “I don’t think the dollar is going to go anywhere.” His vast experience in the financial sector, including a long career at Goldman Sachs, lends credibility to his viewpoint. Despite the growing popularity of cryptocurrencies, championed by advocates for their decentralized nature and freedom from government control, and even political figures like former President Donald Trump expressing enthusiasm for them,…

Binance, a leading cryptocurrency exchange, announced today the upcoming launch of a NEIROETHUSDT perpetual contract with leverage up to 75x. This move comes despite lingering concerns about insider trading in NEIRO tokens, with a significant portion of the supply allegedly pre-allocated to insiders. Earlier reports from Bubblemaps revealed that approximately 78% of NEIRO tokens were distributed in advance to a group of insiders, who subsequently transferred the tokens across over 400 wallet addresses. As of August 28, this internal group had reportedly sold roughly $9 million worth of NEIRO. Following Binance’s announcement of the perpetual contract launch, on-chain analytics platform…

Spot Ethereum ETFs have had a rough start since launching in July, experiencing $476 million in net outflows in August and a 30% drop in Ethereum’s price. This starkly contrasts with the January launch of spot Bitcoin ETFs, which saw $5.4 billion in inflows and a Bitcoin price surge past $50,000. However, JP Morgan analysts caution against directly comparing the performance of these two crypto ETFs. They highlight several factors contributing to the disparity, including Bitcoin’s established “store of value” reputation and the fact that spot Ethereum ETFs don’t offer staking rewards, thus not reflecting Ethereum’s full value. The analysts…

Telegram, the popular messaging app, recently announced that it has reached 10 million paid subscribers for its premium service, Telegram Premium. The company also revealed a series of updates aimed at enhancing user experience and bolstering security. “Businesses Nearby” Replaces “People Nearby” Among the new features is “Businesses Nearby,” which will spotlight verified local businesses, allowing them to present product catalogs and facilitate seamless payments directly within the platform. This initiative replaces the “People Nearby” feature, which the company says was underutilized and prone to misuse by bots and scammers. In addition, Telegram has restricted new media uploads to its…