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Metaplanet has secured access to a new Bitcoin-backed loan facility worth up to $500 million, positioning the company to potentially increase its BTC holdings despite recent market dips and unrealized losses on its 30,823 BTC treasury acquired at an average price of $108,036. Metaplanet announces renewed credit, signaling high likelihood of additional BTC buys following […]
Standard Chartered has been chosen by 21Shares as its primary digital asset custodian, marking a significant step in traditional finance’s integration with cryptocurrency services. This partnership leverages the bank’s established infrastructure to secure 21Shares’ exchange-traded crypto products, potentially shifting from crypto-native providers like Zodia Custody. Standard Chartered’s new role enhances institutional crypto custody with robust […]
The Dunamu Naver merger combines South Korea’s leading crypto exchange operator with a major tech giant, enabling a Nasdaq listing for global investor access and launching a Korean won-backed stablecoin to enhance digital finance integration. Dunamu, owner of Upbit, merges with Naver Financial to expand crypto services across banking and payments. The deal awaits board […]
The CTDG Dev Hub is a transparent platform launched by Cointelegraph’s Decentralization Guardians initiative, enabling open collaboration on blockchain development. It unites proposals, validator coordination, and network upgrades across chains like Solana, Injective, and Polkadot, fostering real-time visibility and community-driven innovation in Web3 infrastructure. Enhances transparency: Tracks proposals from submission to deployment across multiple blockchains. […]
Naver Financial is launching Silk Pocket, a KRW-pegged stablecoin wallet service next month in collaboration with Hashed and the Busan digital asset exchange. This wallet targets Busan residents and international tourists, enabling seamless fiat-to-stablecoin conversions for payments without traditional exchange fees. Development completed: The first version of Silk Pocket is ready after starting in May, […]
South Korea’s won-backed stablecoins framework faces delays due to disputes between the Bank of Korea and regulators over bank dominance in issuance. The central bank pushes for banks to hold at least 51% ownership to mitigate risks, while regulators favor broader industry involvement, potentially stalling rollout until beyond 2025. Ongoing clash: Bank of Korea insists […]
Berachain has denied rumors of offering a refund to its key investor Nova, clarifying that the one-year post-launch option was a protective clause for the fund’s compliance, not a standard backout provision. This addresses concerns amid BERA’s price decline to near all-time lows. Berachain co-founder Smokey the Bera refuted claims of a refund option for […]
A 21-year-old man was arrested in Russia after attempting to rob a St. Petersburg crypto exchange by detonating fake grenades and demanding cryptocurrency transfers. This Russia crypto robbery highlights a rising wave of violent crypto attacks worldwide, urging enhanced security measures for digital asset holders. The suspect used imitation Airsoft grenades to create chaos without […]
Google and Accel have launched a joint program to fund and support AI startups in India, offering up to $2 million in capital, cloud credits, and expert guidance to help founders build innovative AI products for global markets. Up to $2 million per startup: Targeted funding for Indian and Indian-origin founders focusing on AI in […]