Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

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

Crypto.com launches a US trust company to offer digital asset custody services

December 27, 2024 1 min read

Crypto.com has announced a new trust company in the United States that will offer custody services for digital assets. The Crypto.com Custody Trust Company is an important part of the company’s growth plan in North America, focusing on wealthy individuals and institutions in the U.S. and Canada. The platform will safely store digital assets for qualified clients. In the coming weeks, it will move existing assets for U.S. and Canadian

MetaMask users can now stake EOS coins

December 23, 2024 1 min read

MetaMask, a popular crypto wallet, has teamed up with the EOS Network, making it easier for users to access the EOS web3 ecosystem. The EOS Wallet Snap makes it easier and safer for MetaMask users to join the EOS blockchain. The Greymass team is working together to let MetaMask users stake EOS coins, set up EOS accounts through Unicove, and use EOS-based decentralized applications (DApps) right from their MetaMask wallet.

Bitcoin and Ethereum ETFs saw record-breaking inflows last week

December 10, 2024 1 min read

Bitcoin and Ethereum exchange-traded funds (ETFs) saw a big increase in investor interest recently, making it a historic week for both assets. Spot Bitcoin ETFs in the United States saw inflows of $2.73 billion, with BlackRock’s IBIT ETF bringing in more than $2.6 billion by itself. Earlier in the week, there was a short time when Bitcoin ETFs had outflows, with withdrawals amounting to $558.3 million. Now, there has been

Paju city officials in South Korea threaten to seize and sell crypto assets of tax debtors

November 19, 2024 1 min read

Authorities in Paju, South Korea, have issued a stern warning to tax defaulters, threatening to seize and sell their cryptocurrency holdings if debts are not paid by the end of November. Targeting 17 individuals who collectively owe 124 million Korean won (approximately $88,600), the city aims to combat the growing trend of using cryptocurrencies to evade taxes. Officials emphasized that digital assets would not shield individuals from financial obligations, with

Bitcoin soars to a historic $93,000

November 13, 2024 2 mins read

Bitcoin has recently reached a remarkable milestone, soaring to an all-time high of $93,000. This achievement is not merely a product of speculation; it reflects a combination of key factors that are driving Bitcoin’s ascent in the financial world. One of the most significant influences has been the influx of institutional investment, with major financial players like BlackRock and Fidelity entering the cryptocurrency market. Their involvement lends credibility to Bitcoin,

A Chinese official received a life sentence for espionage after selling state secrets to pay off crypto debts

November 11, 2024 1 min read

Wang Moumou, a Chinese official, has been sentenced to life in prison for espionage after he sold state secrets to British intelligence. His financial troubles, primarily due to unsuccessful investments in cryptocurrency, pushed him to commit this crime, for which he received over a million yuan in crypto payments. The National Security Ministry of China has condemned Wang’s actions but has chosen not to implicate the cryptocurrency community in his