Crypto News

MANTRA, a layer-1 blockchain designed for tokenized real-world assets (RWA), entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm's assets to blockchain rails, the companies announced Thursday in a press release.The deal will allow investors to finance DAMAC's portfolio companies spanning across various sectors including real estate development, hospitality and data centers. By tokenizing assets, the companies aim to streamline traditional investment processes while increasing accessibility for both retail and institutional investors.Details of which DAMAC properties will be tokenized and specifications of the offerings will be announced in the coming weeks, a MANTRA spokesperson told CoinDesk. The offerings will be available starting in early 2025, the press release said.Tokenization...

Another publicly traded U.S. firm adds bitcoin to its balance sheet with Thumzup Media’s $1 million purchase. Thumzup Wants to Hold 90% of its Liquid Assets in Bitcoin Thumzup Media Corp., a publicly traded firm in the U.S. announced the acquisition of 9.783 BTC worth about $1 million with an average price of $102,220 perSource link

Crypto exchange Gemini has appointed a new senior management team in Europe and plans to significantly expand its footprint in the region in 2025, the company said in a press release on Thursday.Mark Jennings has joined the company as its new head of Europe and Daniel Slutzkin has been appointed head of the U.K., Gemini said.Jennings was previously employed by rival exchange Kraken as its COO for European operations. Slutzkin joins from U.K. broker Stake.Vijay Selvam has assumed the role of international general counsel, and will be based in the U.K., the exchange said. Selvam relocated from Gemini's Asia-Pacific (APAC) team, and will be responsible for leading the company's licensing and regulatory strategy in Europe and the U.K.The European Union...

The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that some virtual asset service provider (VASP) license applicants do not meet the regulator’s requirements and willSource link

Glassnode recently disclosed that the bitcoin market shifted to a new phase this year, following the rise to over $100K experienced after President Donald Trump’s victory in the polls. Glassnode states that the movements of whales indicate that a distribution phase has already started. Glassnode Numbers Suggest Crypto Markets Are Entering a Distribution Phase Glassnode,Source link