Crypto news

CoinspeakerBrazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX

Pro-XRP lawyer John Deaton has said he’s willing to wager on the outcome of the U.S. Securities and Exchange Commission’s appeal against a recent ruling that determined Ripple’s XRP token is not a security under certain circumstances. Deaton, the founder, and host of CryptoLaw, remarked in a post on X (formerly Twitter) while supporting the view of fellow lawyer and crypto enthusiast Bill Morgan, who claimed the judge in the SEC vs XRP case had not erred in her decision....

Zachary Kirkhorn, who served as chief financial officer at Tesla, stepped down after staying in the position for the last four and a half years. He will remain part of the company until the end of 2023 to help transition the new CFO. Kirkhorn earned the nickname “Master of Coin” in 2021, shortly after the electric vehicle giant splashed the waters with its whopping $1.5 billion bitcoin purchase.  Changes in Tesla’s Management Team Kirkhorn (who joined Tesla in 2010) will be...

CoinspeakerBinance Traded USDC In for BTC and ETH Following Silvergate Collapse The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1. Binance Traded USDC In for BTC and ETH Following Silvergate Collapse

Cardano whales are seizing the opportunity of price inaction to rake in more tokens. One particular cohort of ADA holders has accumulated back to their highest level not seen in nearly a year as the current value of the crypto-asset struggles below the $0.30 level. According to the crypto-analytic platform, Santiment, whales and sharks holding between 100K-10M ADA have accumulated back to their highest level since September 2022. It was also observed that Cardano’s...

Blockchain security firm Redefine has joined hands with digital currency management platform Safe. The goal is to integrate the former’s platform De Fire Wall software into Safe’s infrastructure to ensure Safe can properly check each transaction and prevent any sort of illicit activity or fraud. Redefine and Safe: A Perfect Match? Safe has been garnering a lot of traction lately amongst web3 startups. The company has become the official asset holder for several of...

CoinspeakerSingapore Grants Blockchain.com Major Payment Institution License The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors. Singapore Grants Blockchain.com Major Payment Institution License

CoinspeakerOpenAI Rolls Out GPTBot for Enhanced Web Crawling The launch of GPTBot comes a few weeks after OpenAI filed a trademark application for "GPT-5". OpenAI Rolls Out GPTBot for Enhanced Web Crawling

CoinspeakerCathie Wood Anticipates Multiple Bitcoin ETF Approvals by SEC The approval of spot-Bitcoin ETF remains a hot issue of debate among investors, regulators, and financial institutions. Cathie Wood Anticipates Multiple Bitcoin ETF Approvals by SEC

CoinspeakerSoftBank Announces Surprising Loss as Vision Fund Posts First Profit in Five Quarters The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company's investment arm is up. SoftBank Announces Surprising Loss as Vision Fund Posts First Profit in Five Quarters