Author: Emma Davis

Article written by Emma Davis

Swiss bank UBS tests blockchain-based gold trading on Ethereum’s ZKSync

February 4, 2025 2 mins read

UBS, a major Swiss bank, has tested its blockchain-based gold investment product called UBS Key4 Gold on the Ethereum Layer-2 network, ZKSync. This trial used ZKSync’s Validium mode, which allows for secure and private transactions while enabling fractional gold purchases. This step shows how traditional financial institutions are increasingly adopting blockchain for asset tokenization. On January 31, ZKSync announced that UBS, which manages $5.7 trillion in assets, is looking into

Purpose Investments files for the first-ever Ripple (XRP) ETF in Canada

February 2, 2025 1 min read

Purpose Investments, a Canadian asset management firm, has proposed the first exchange-traded product (ETF) based on the spot value of Ripple (XRP). This move follows their success with the first Bitcoin and Ether ETFs. The firm has submitted the necessary documents to Canadian securities regulators to launch the Purpose Ripple ETF. This ETF aims to invest in long-term XRP holdings, providing a new way for investors to access this digital

Kraken exchange to delist USDT and several other stablecoins

February 2, 2025 1 min read

Kraken crypto exchange will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA). This decision is in response to new regulations under the Markets in Crypto-Assets (MiCA) framework. The delisting will happen in phases, with the process ending on March 31, 2025. The stablecoins being delisted include PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (USDT). The delisting will start on February 13, 2025.

Gemini halts hiring MIT graduates as long as Gary Gensler remains a professor

January 31, 2025 2 mins read

Tyler Winklevoss, co-founder of Gemini, has announced a hiring freeze for graduates and interns from MIT. This decision is linked to the return of former SEC Chair Gary Gensler to MIT as a professor. Winklevoss stated that Gemini will not hire MIT alumni while Gensler is associated with the institution. This move highlights the growing tensions between the crypto industry and regulators. Gensler previously led the SEC’s efforts to regulate

Coinbase is overhauling its token listing process and deepening DEX integration

January 28, 2025 1 min read

Coinbase, the leading crypto exchange in the US, is changing its token listing process due to the rapid increase in new cryptocurrencies. Currently, over 1 million tokens are created each week, making it difficult for the platform to evaluate each one manually. On January 26, CEO Brian Armstrong highlighted the need for a new strategy. He noted that the current method of evaluating tokens individually is no longer practical. He

Elon Musk’s D.O.G.E explores blockchain to boost government transparency

January 27, 2025 2 mins read

Elon Musk‘s Department of Government Efficiency (D.O.G.E) is exploring blockchain technology to improve federal operations. The goal is to enhance transparency and reduce costs in government finances. Supporters like Charles Hoskinson, founder of Cardano, believe this initiative could transform how public funds are managed by providing real-time data access and minimizing corruption. Blockchain’s decentralized nature is ideal for tracking government spending, securing sensitive information, and boosting accountability. This initiative aligns

Elizabeth Warren urges federal scrutiny of TRUMP and MELANIA coins

January 24, 2025 1 min read

Senator Elizabeth Warren and Representative Jake Auchincloss are urging U.S. regulators to investigate the TRUMP and MELANIA meme coins created by Donald and Melania Trump. They expressed concerns about foreign influence, market manipulation, and risks for investors associated with these digital currencies. The TRUMP coin experienced significant price fluctuations, rising from under $10 to $75 before dropping to $32.44. The MELANIA coin also showed extreme volatility, making it a risky

US Senators investigate big tech crypto donations to Trump’s inauguration

January 22, 2025 1 min read

US Senators investigate big tech crypto donations to Trump’s inauguration US Senators Elizabeth Warren and Michael Bennett are investigating large donations from tech and crypto companies to Donald Trump’s inauguration fund. They suspect these contributions could sway regulatory decisions and provide special advantages for the new administration. OpenAI CEO Sam Altman is being scrutinized for donating $1 million to the fund. He clarified that this was a personal donation and

Bitcoin hits record high of $110,000 ahead of Trump’s inauguration

January 20, 2025 1 min read

Bitcoin reached a new all-time high of $110,000, driven by positive sentiment surrounding pro-crypto U.S. President-elect Donald Trump. This surge occurred just before his inauguration, with Bitcoin rising 3.8% in 24 hours. Currently, it trades at $108,797. Ether also saw gains, climbing 4.7% to $3,431, while Solana and Dogecoin experienced declines. The price increase in Bitcoin reflects expectations for more favorable crypto policies in the U.S. Ben El-Baz from HashKey

$TRUMP meme coin surges 1,000% in 24 hours

January 19, 2025 1 min read

Donald Trump has introduced his official memecoin, TRUMP, which has seen a remarkable price surge since its launch. The TRUMP token’s value jumped nearly 10,000%, rising from around $4 to $78.80. This rapid growth has positioned TRUMP among the top four meme coins by market capitalization, outpacing established tokens like Pudgy Penguins and Floki Inu. Arthur Hayes, the former CEO of BitMEX, shared his views on the TRUMP token, describing

Coinbase reintroduces Bitcoin-backed loans in the U.S.

January 19, 2025 1 min read

Coinbase has reintroduced Bitcoin-backed loans in the U.S., allowing users to borrow against their Bitcoin assets. This service is not available to New York residents and enables U.S. account holders to access up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral. The exchange has partnered with Morpho Labs, a decentralized finance protocol, to facilitate the lending process on Base, Coinbase’s Ethereum layer-2 network. Max Branzburg, Coinbase’s vice

The US SEC is likely to approve Litecoin ETF

January 16, 2025 1 min read

A Litecoin exchange-traded fund (ETF) is likely to be the next crypto ETF approved in the U.S., according to Bloomberg Senior ETF Analyst Eric Balchunas. His comments follow Canary Capital’s recent submission of an amended S-1 form for its Litecoin ETF. The S-1 form is a registration document filed with the Securities and Exchange Commission (SEC) for new securities. Balchunas noted that the SEC had provided feedback on the Litecoin