Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin “in perpetuity” to back new mints of its UST stablecoin. Bitcoin (BTC) is the collateral asset of choice for the world’s biggest decentralized stablecoin, and one of its top executives says there was no other. Speaking to Bloomberg on April 4, Do Kwon,...Continue Reading

The Royal Mint NFT featured in a series of announcements aimed at making the UK a global crypto hub, with officials saying the NFT is “an emblem” of the approach the UK “is determined to take”. The U.K. government Treasury announced on Monday, April 4th, that it has asked the Royal Mint to create one...Continue Reading

Outflows of Bitcoin from exchanges have hit a yearly high, but inflows to Canadian Bitcoin ETFs are at also at peak levels as investor confidence in the asset grows. Canadian Bitcoin exchange-traded fund (ETF) holdings have increased to all-time highs according to recent research, and spot-based products are leading the way. Canadian Bitcoin ETFs have...Continue Reading

Filings reveal the massive amount of assets that crypto venture funds are managing, Andreessen Horowitz’s (a16z) crypto funds were also disclosed to be worth around $9 billion. Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the...Continue Reading

The planned merger has been canceled but the two companies still have a good working relationship, aiming for carbon-neutrality in their mining operations. Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations. An April 4 joint statement from the two crypto...Continue Reading

The e-commerce giant is in the hot seat again for its alleged role in making the hacked Ledger user data available to malicious actors. Global e-commerce platform Shopify and hardware wallet maker Ledger face a major legal hurdle as a group of Ledger users have filed a class-action lawsuit for its part in failing to...Continue Reading

The report by PwC shows that 80% of central banks are considering or have already launched a CBDC. More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Global CBDC Index report released...Continue Reading

The crypto market performed well over the last week, but two key data points hint at a brief cooling off period. The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this...Continue Reading

“There’s no reason to treat the crypto market differently just because different technology is used,” said Gary Gensler. Gary Gensler, chair of the United States Securities and Exchange Commission, said the agency’s protections that apply to investors of traditional assets should extend to those in the crypto market. In prepared remarks released Monday for the...Continue Reading