Crypto News
Tether Makes Strategic Investment in Zengo Wallet to Advance Global Stablecoin Adoption
Tether, the largest company in the digital assets industry, announced a strategic investment in Zengo Wallet, a keyless yet self-custodial crypto wallet. Since its launch in 2019, Zengo has served over 1.5 million users without a single wallet being compromised, thanks to its innovative approach that eliminates traditional seed phrase vulnerabilities. The partnership will enhanceSource link
U.S. Bitcoin ETF Sees Third Straight Day of Outflows, Totaling $494M, as Bitcoin Stalls
U.S. spot-listed bitcoin (BTC) exchange-traded funds (ETFs) have seen three consecutive days of outflows totaling $494 million. Wednesday's outflows were the largest of the three, with $251 million, which saw BlackRock's iShares Trust (IBIT) register a $22.1 million outflow, with Fidelity Wise Origin Bitcoin Fund (FBTC) registering the largest outflow of $102 million, according to Farside data.The outflows coincided with low volume in the ETFs, and Wednesday saw a total of just $2.58 billion in volume. IBIT registered less than $2 billion in volume, which put it as the tenth most traded U.S. ETF, according to Coinglass data. IBIT typically falls into the top 5 most traded ETFs when bitcoin surges or gains momentum.The lack of demand shown in the...
Metaplanet Completes $25.9 Million Bond Raise to Expand Bitcoin Holdings
The Japanese firm raised $25.9M via zero-interest bonds to expand its Bitcoin holdings, aiming for 21,000 BTC by 2026.Source link
BounceBit Mainnet v1.6.1 Enhances Performance and Security
BounceBit Mainnet v1.6.1 introduces key architectural improvements focusing on performance, security, and platform compatibility, enhancing the blockchain's efficiency and robustness. (Read More)Source link
Coinbase in Talks for Return to India 2 Years After Exit: Report
Crypto exchange Coinbase (COIN) is holding talks with Indian authorities in an effort to secure approval to return to the country it quit in 2023, Tech Crunch reported on Wednesday.The exchange is in talks with regulators including the Financial Intelligence Unit (FIU), Tech Crunch said, citing two people familiar with the matter."Coinbase is excited by the opportunities in the Indian market, and intends to comply with applicable regulatory requirements, but we have nothing to announce regarding a FIU registration at this time," a spokesperson for the U.S. company told CoinDesk. Coinbase suspended operations in India in 2022, days after starting up due to "informal pressure" from the Reserve Bank of India. In 2023, the exchange said it stopped allowing...