Coindesk

Paraguayan agencies are ready to integrate the crypto sector. All that’s missing is the legislation.That’s according to Juan Carlos Reyes, the president of the Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating cryptocurrencies in El Salvador.“From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and taxation regimes. It feels like they’re just waiting for politicians to approve or propose a formal law to move things forward,” Reyes told CoinDesk.On Friday Reyes signed a crypto regulatory agreement with Liliana Elizabeth Alcaraz Recalde, head of Paraguay’s Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD). The agreement aims to facilitate cooperation between the two countries when it comes to crypto, including the detection...

One of the foremost projects aiming to increase the speed of the Ethereum network is ramping up its work on the world's original blockchain: Bitcoin.Ethereum layer-2 Starknet, in partnership with BTC wallet Xverse, is aiming to deliver a "full DeFi experience to Bitcoin users."Xverse said it will "achieve Bitcoin's DeFi take-off moment," through integrating with Starknet in Q2 2025, in an emailed announcement on Tuesday.The partnership with Xverse comes amid a period of increased research into Bitcoin scaling using Starknet.The Starknet Foundation has published a new Bitcoin Roadmap, which described how Starknet would remain fully active on Ethereum, while "becoming Bitcoin's execution layer," with the goal of scaling the network "from 13 TPS to thousands."Developers have been increasingly exploring how...

Crypto exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs), sending the price of token 2% higher over the past 24 hours.Before the funds launched in July, several issuers included staking in their applications. However, the SEC later required them to remove the feature, as the Commission was not allowing it at the time.Cboe, which is associated with five of the issuers of an ether ETF, including Fidelity, Franklin Templeton, VanEck, and Invesco/Galaxy, on Tuesday, filed amended 19b-4 documents for the Fidelity Ethereum Fund (FETH) and the Franklin Ethereum ETF (EZET), to allow staking.The move comes after former SEC chair Gary Gensler left the Commission; he resigned...

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million.Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature "magic internet JPEGs," which harken back to a 2013 bitcoin meme: "magic internet money," later this month, according to an emailed statement. The Wizards were inscribed on the Bitcoin blockchain two years ago and are now being made available for sale. The project last year sold a collection of 3,000 "Quantum Cats" to raise support for the Bitcoin improvement proposal (BIP) OP_CAT. Despite being marred by technical issues, the collection quickly sold out, raising 300 BTC in...

Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).The index follows specific rules: companies must hold a minimum of 1,000 BTC, with holdings weighted based on the amount of bitcoin owned. The largest holding is capped at 20%, while companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The index rebalances every quarter. According to Bitwise, publicly traded companies collectively held 591,817 BTC as of the end of 2024. The ETF, which will trade on NYSE Arca, has an expense ratio of 0.85%. Bitwise has identified 70 public companies that currently hold bitcoin on their balance sheets....