Tether, the issuer behind the world’s largest stablecoin, USDT, has decided against launching its own blockchain, citing market saturation and strategic concerns. Paolo Ardoino, Tether’s CEO, shared in an interview with Bloomberg News that the company’s decision stems from an analysis of the current blockchain landscape, where numerous platforms already offer similar functionalities. Ardoino explained...
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the Australian Securities Exchange (ASX) in Federal Court, alleging that the stock exchange made “misleading and deceptive” statements regarding its now-abandoned blockchain project. The lawsuit claims that ASX’s assurances about the progress and expected go-live date of its blockchain-based system to replace the...
Slovenia has issued a sovereign digital on-chain bond worth $32.5 million (30 million euros), marking the first such issuance by a European Union country. The bond, issued on July 25, is part of an experimental project with the European Central Bank’s (ECB) wholesale central bank money (CeBM) program. The bond settlement was executed using a...
Jupiter, the leading decentralized exchange (DEX) aggregator on the Solana network, is now capturing up to 80% of the network’s priority fees through its validator, JupSOL. This move aims to enhance Jupiter’s competitiveness and expand its selection of trades on the Solana blockchain. Over recent months, Jupiter has significantly increased its influence on the Solana...
This month, Telegram will roll out a suite of new features aimed at bolstering its support for blockchain technology and enhancing user experience across its platform. One of the most anticipated updates is the launch of a mini app store within Telegram. This feature will allow developers to create and deploy mini-apps directly within the...
The U.S. Senate Committee on Armed Services, under the Biden administration, has decided to explore the use of blockchain technology for supply chain management and other national security applications within the Department of Defense (DOD). This initiative is part of the latest National Defense Authorization Act (NDAA) report, which acknowledges the potential of blockchain for...
Particle Network, a modular blockchain developer specializing in chain abstraction technology, has successfully raised $15 million in a Series A funding round. The round was structured as a simple agreement for future tokens (SAFT), according to founder and CEO Pengyu Wang. The funding round was co-led by The Spartan Group and Gumi Cryptos Capital, with...
The German state-owned bank, Kreditanstalt für Wiederaufbau (KfW), has announced its plans to issue its first blockchain-based digital bonds by summer 2024. These bonds will be managed using blockchain technology to ensure secure and transparent transactions and are classified as crypto securities under the German Electronic Securities Act (eWpG). KfW has partnered with major financial...
Today, the Blockchain Association and the Crypto Freedom Alliance of Texas launched a legal challenge against the SEC, contesting the agency’s expanded definition of “dealer” within the cryptocurrency sector. Filed in the Northern District of Texas, the lawsuit argues that this redefinition could significantly impair the U.S. crypto industry, asserting that the SEC overstepped its...
The Blockchain Association, a prominent entity within the cryptocurrency industry, has vocally opposed Senator Elizabeth Warren’s proposed anti-money laundering (AML) bill, labeling it a potential threat to the United States’ strategic interests. In a compelling letter to Congress dated February 13, backed by 80 influential signatories including former government officials and experts in various fields,...
