Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Utah introduces a bill allowing public fund investments in crypto

January 23, 2025 2 mins read

Utah has proposed a new bill, the Blockchain and Digital Innovation Amendments (H.B. 230), which could allow the state treasurer to invest public funds in digital assets such as cryptocurrencies, stablecoins, and NFTs. Introduced by State Representative Jordan Teuscher, the bill aims to create a clear framework for these investments while ensuring regulatory oversight and financial responsibility. The proposal allows for up to 10% of public funds to be invested

Trump-backed World Liberty Financial sells 20% of its token supply

January 20, 2025 1 min read

World Liberty Financial, a DeFi project linked to President-elect Donald Trump, experienced a significant increase in governance token sales after Trump and Melania Trump introduced their memecoins. The project announced on X that it has successfully sold 20 billion tokens, which is 20% of its total supply of 100 billion tokens. Due to high demand, an additional 5 billion tokens (5% of the supply) are now available for sale. As

Malaysia plans to adopt crypto and blockchain technology

January 16, 2025 1 min read

Malaysia’s Prime Minister, Datuk Seri Anwar Ibrahim, is focused on incorporating crypto and blockchain technology into the country’s financial systems. He is collaborating with Binance and learning from the United Arab Emirates (UAE) to establish Malaysia as a regional fintech leader. During a recent three-day visit to Abu Dhabi, Anwar met with UAE officials and Binance co-founder Changpeng Zhao (CZ) to discuss strategies for cryptocurrency adoption. He emphasized the need

Hacker hacks Litecoin’s X account to promote a fake Solana-based token

January 13, 2025 1 min read

Today, reports emerged that the official X account of Litecoin was hacked. The hacker used the account to promote a fake token based on Solana, which shared the same LTC ticker as the real Litecoin. This unauthorized post included a contract address for the fraudulent token, causing its market cap to briefly rise to $27,000 before dropping to $3,400, according to DEX Screener. The misleading tweet was later removed. Litecoin

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves

January 12, 2025 1 min read

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves. These bills take a tech-neutral stance, avoiding direct references to Bitcoin, which reflects a strategic effort to integrate cryptocurrency into state finances. This move aligns with plans from the new administration to incorporate crypto into economic strategies, showing a growing trend among U.S. states. The main goal is to diversify state funds to guard against financial risks like

Major crypto firms donate millions to Donald Trump’s inauguration

January 10, 2025 1 min read

Circle, the second-largest stablecoin issuer, has donated $1 million in USDC to the inaugural fund for President Donald Trump and Vice President-elect J.D. Vance. This donation reflects the growing support from the crypto industry for the new administration, which aims to lead in crypto innovation. Other significant contributors include Coinbase, Kraken, Ripple, and Ondo Finance, with Ripple donating $5 million in XRP and the others each giving $1 million. Robinhood

Ethena Labs targets the DeFi frontier with new stablecoin products

January 5, 2025 1 min read

On January 3, Ethena Labs unveiled its 2025 roadmap, introducing a Telegram application designed for payments and savings utilizing its sUSDe stablecoin, which aims to create a neobank experience. This innovative platform allows users to send, spend, and save sUSDe directly within the messaging app, with seamless integration for mobile payments through Apple Pay. Ethena Labs emphasizes the importance of a dollar with yield as a vital asset for wealth

MiCA is now live across the European Union

January 3, 2025 1 min read

The Markets in Crypto-Assets Regulation (MiCA) has officially launched across the European Union, establishing a comprehensive framework for digital asset oversight. This regulation addresses critical areas such as stablecoins, token issuances, and various services including custody and exchange, aiming to fill oversight gaps and enhance transparency within the sector. Companies issuing e-money tokens must be EU-incorporated or possess relevant licenses, while asset-referenced tokens face stringent disclosure and governance requirements based

Terraform Labs co-founder pleads not guilty to charges linked to the $40 billion implosion

January 3, 2025 1 min read

Do Kwon, co-founder of Terraform Labs, appeared in a Manhattan court on January 2, 2024, pleading not guilty to multiple fraud charges linked to the collapse of the TerraUSD (UST) stablecoin, which resulted in a staggering $40 billion loss. Kwon faces nine charges, including wire, securities, and commodities fraud, related to the dramatic decline of the LUNA and UST tokens. He was arrested in Montenegro in March 2023 while attempting

Bitcoin (BTC) drops to its lowest price since December 5

December 31, 2024 1 min read

Bitcoin (BTC) dropped by 2% in the last 24 hours, now at $91,800, a price last reached on December 5, when it went over $100,000 for the first time. This drop is more than 14% lower than the record high of $108,278 on December 17. Ether (ETH) has dropped by 0.7%, now costing $3,320. This is 17% lower than its peak in December and still below its highest price of

Michael Saylor hints at another major Bitcoin purchase by MicroStrategy

December 31, 2024 1 min read

Michael Saylor, co-founder of MicroStrategy, has sparked new talk about the company’s possible Bitcoin buys, suggesting another purchase for the eighth week in a row. His recent puzzling social media post about “strange blue lines” on the SaylorTracker portfolio has raised expectations for a big Bitcoin purchase. MicroStrategy is known for buying a lot of Bitcoin, owning more than 192,042 BTC at an estimated cost of $18 billion. This strategy

Montenegro to extradite Terraform Labs founder Do Kwon to the United States

December 29, 2024 1 min read

Montenegro has agreed to send Do Kwon, the founder of Terraform Labs, to the United States, as decided by the Montenegrin Justice Minister Bojan Božović. The Constitutional Court of Montenegro has turned down Kwon’s appeal against his extradition, which he claimed was based on unfair legal views. The court’s decision ended the legal process of his extradition, putting the final choice in the hands of the Minister of Justice. Do