Crypto News
KindlyMD/NAKA Expands Bitcoin Treasury with $679M Acquisition
KindlyMD, Inc. (NAKA) has acquired 5,743.91 BTC through its subsidiary Nakamoto Holdings, marking the company’s first major bitcoin purchase following the merger. The acquisition brings KindlyMD’s total Bitcoin holdings to 5,764.91 BTC. This purchase was done at a weighted average price of $118,204.88, with the $679 million transaction funded using PIPE proceeds."This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike," said CEO David Bailey. "Our long-term mission of accumulating one million bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future."NAKA shares are up 4% in pre-market trading, rising to $12.50.Source link...
Wyoming State Debuts U.S. Dollar Stablecoin on Seven Blockchains
Wyoming state announced on Tuesday the mainnet launch of its U.S. dollar stablecoin Frontier Stable Token (FRNT), claiming it to be the first fully-reserved stablecoin in the country issued by a public entity."The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age," Mark Gordon, governor of Wyoming and chairman of the Wyoming Stable Token Commission, said in a statement.The token has already been deployed on the Arbitrum (ARB), Avalanche (AVAX), Base, Ethereum (ETH), Optimism (OP), Polygon (POL), and Solana (SOL) networks, blockchain data on the project's website shows. The token is designed to be 2% over-collateralized, backed by U.S. dollars and short-duration U.S....
Wyoming’s ‘Frontier’ Stablecoin Debuts on Ethereum, Solana and Avalanche
The token could offer investors a yield in the future.Source link
JPYC to Launch First Yen Stablecoin in Japan
JPYC, a company registered as a fund transfer service provider in Japan, has announced that it will issue the first Japanese yen stablecoin, pioneering this type of financial instrument in the country. The company revealed that JPYC will be issued on three chains: Ethereum, Avalanche, and Polygon. JPYC to Become First Yen Stablecoin Issuer inSource link
Blockchain Lender Figure Technologies Preps for IPO as Tokenization Space ‘Maturing’
Analysts told Decrypt that tokenization companies are now “maturing to a similar level” as crypto exchanges and stablecoin issuers.Source link