Crypto News
US Indicts Iranian National for Operating Nemesis Darknet Marketplace
Behrouz Parsarad faces a life sentence in prison on charges of money laundering and distribution of controlled substances.Source link
Interoperability Project Analog Raises $15M to Unify Liquidity Across Blockchains
Analog, a blockchain project looking to improve unified liquidity across multiple networks, said it raised $15 million through a token sale.Digital asset financier Bolts Capital completed the token purchase to bring Analog's total backing to $36 million, according to an emailed announcement shared with CoinDesk on Tuesday.Analog plans to use the capital to develop interoperability tools like Omnichain Analog Token Standard (OATS), which enables transfer of fungible and non-fungible assets across blockchains chainsAlso in the pipeline is Firestarter, a real-world asset (RWA) marketplace to tokenize real estate, collectibles and revenue-producing items.Tokenization of RWAs represents a use case for blockchain technology of considerable interest for traditional financial (TradFi) institutions. However, fragmented liquidity across multiple ecosystems is a potential roadblock to further...
Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO
Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) inSource link
Fartcoin Breaks Into Top 5 Meme Coins, Overtaking Bonk and Closing In On TRUMP
Solana meme coin Fartcoin has broken into the top five meme coins by market cap, after climbing 21% over the past 24 hours.Source link
Dutch Bank ING Said to Be Working on a New Stablecoin With Other TradFi and Crypto...
Dutch bank ING is working on a stablecoin, looking to take advantage of Europe’s new cryptocurrency regulations that came into force last year, according to two people with knowledge of the plans.ING’s stablecoin project could take the form of a consortium effort involving other banks and crypto service providers, both people said.“ING is working on a stablecoin project with a few other banks. It's moving slow as multiple banks need board approval to set up a joint entity,” one of the sources said.ING declined to comment.Europe’s Markets in Crypto Assets regime requires stablecoin issuers across EU member countries to hold an authorization license, while promoting the potential of euro-denominated stablecoins (the vast majority of the stablecoins in circulation are...