UK pension specialist, Cartwright, has announced the first ever defined benefits scheme to allocate assets to Bitcoin, with a relatively high allocation of between 2 and 3% of its assets. Meanwhile, an SEC filing has revealed that the pension fund for the US state of Michigan has become the first such fund in the US…
Although Bitcoin won’t be on the ballot this Election Day, it’s hard to deny digital assets’ grip on U.S. politics this election cycle. From U.S. congressmen’s public powwows with crypto industry leaders to Trump’s DeFi project launch to both presidential candidates’ promises to support new regulations for the digital assets industry, crypto has dominated mainstream…
The number of monthly active addresses on the Solana (SOL) network has reached 138 million this month, after seeing exponential growth throughout the year amid a wider cryptocurrency market recovery. According to data from Artemis, Solana had around 13.8 million monthly active addresses at the beginning of the year, with the figure gradually growing until…
Key Takeaways The Global Dollar Network promotes stablecoin adoption using Paxos’s USDG. Robinhood, Kraken, and other major players collaborate on cross-border stablecoin solutions. Share this article Leading fintech and digital asset firms have launched the Global Dollar Network, an open network focused on promoting stablecoin adoption and advancing its real-world applications, according to a press…
Top Web3 companies including Kraken, Galaxy Digital, Robinhood and Paxos have jointly launched the Global Dollar Network. This is a major statement from these firms to drive the dominance of the US Dollar, through new stablecoin use cases across the board. Global Dollar Network: The Core Goals It is not unusual for crypto firms to…
In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post,…
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs. The United States presidential election on Nov. 5 could determine the fate of more than half a dozen proposed cryptocurrency exchange-traded funds (ETFs) waiting on a green light from regulators. In 2024, asset managers submitted a flurry of…
November 4, 2024 | Asset Listings We’re thrilled to announce that Global Dollar ($USDG) is now available for trading on Kraken! Funding and trading Trading for $USDG is live as of 21:00 PM UTC November 4, 2024. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit…
Join Our Telegram channel to stay up to date on breaking news coverage Top online poker site CoinPoker is launching the meme Millions Tournament Series on November 17, and as the name implies, there’s $1,000,000 worth of prizes up for grabs. Whether you are new to meme coins or have already dabbled in this red-hot…
Crypto Markets Brace for Volatility Ahead of US Election, Says Derive.xyz Report As the U.S. presidential election looms, the cryptocurrency market is exhibiting signs of heightened anticipation and potential volatility. Derive.xyz’s October 2024 Trading Insights Report provides a deep dive into the critical dynamics shaping Bitcoin (BTC) and Ethereum (ETH) markets during this politically charged…