Author: Sophia Hernandez

Article written by Sophia Hernandez

Filipino banks to launch new stablecoin

January 11, 2025 1 min read

Several Filipino banks are set to launch a multi-bank peso stablecoin called PHPX later this year. This initiative involves UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank, and the Rural Bank of Guinobatan, with Singapore’s Just Finance leading the project. PHPX will initially run on the Hedera DLT network and aims to facilitate cross-border payments, particularly for remittances. UnionBank has a history of blockchain involvement, having created a token-based

Crypto.com now offers stock and ETF trading in Pennsylvania, Ohio, Washington, and Arizona

January 4, 2025 1 min read

Crypto.com has recently expanded its offerings by launching stock and exchange-traded fund (ETF) trading for users in select U.S. states, including Pennsylvania, Ohio, Washington, and Arizona. Announced on January 2, 2025, this new feature allows users to trade without commission fees, access fractional shares, and transfer securities seamlessly, all within a single app. This integration of traditional finance with digital assets marks a significant step in bridging the gap between

Garanti BBVA expands crypto trading services following MiCA regulation

January 3, 2025 1 min read

Garanti BBVA, Turkey’s fifth-largest bank, is set to enhance its cryptocurrency services in 2025, following the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation. The bank’s crypto custody service, Garanti BBVA Kripto, will soon enable public crypto trading, marking a significant expansion in its digital asset offerings. To facilitate this new trading service, Garanti BBVA Kripto has partnered with Bit2Me, a Spain-based cryptocurrency exchange. This collaboration will allow

Bitcoin loses the $95,000 price level and is trading below $93,600

December 31, 2024 1 min read

The cryptocurrency market is seeing big price drops, especially with Bitcoin (BTC) and other altcoins. Currently, Bitcoin is priced at $92,492.56, showing a 2% drop in the last 24 hours. Bitcoin hit a daily high of $95,110, then quickly fell to $92,234 before bouncing back a bit. Even with the recent ups and downs, Bitcoin has had a great year, hitting all-time highs in March and December, going over $100,000.

Decentralized cloud platform for AI Theta Network surges by over 10%

December 30, 2024 1 min read

The Theta Network (THETA) token has gone up more than 10% in the past 24 hours, following a general rise in the AI sector. Some AI projects and meme coins have increased in value, as investors look forward to important changes soon. Other cryptocurrencies like NEAR Protocol, Internet Computer, RENDER, and Artificial Superintelligence have also seen gains. The AI meme coin area has done really well, with tokens like ai16z

The Resurgence of the Chinese Crypto Market: Implications for Investors and Their for Future Transactions

December 10, 2024 4 mins read

The shifting dynamics of the cryptocurrency landscape, particularly concerning China’s evolving position, are becoming increasingly evident. The forthcoming re-opening of the Chinese market for cryptocurrency is expected to have significant implications for global investors, transaction processing, and the broader crypto ecosystem. Historical Context: China’s Crypto Closure In 2017, the Chinese government enacted stringent regulations that effectively closed the crypto market to domestic investors. This drastic move led to a substantial

Justin Sun deposits $119.7M in Ethereum into HTX after Ethereum hit $4,000

December 9, 2024 1 min read

Justin Sun, the founder of Tron, has gained attention for depositing 29,920 ETH, worth $119.7 million, into HTX. This comes as Ethereum’s price surpasses $4,000. Sun made a big investment by buying 392,474 ETH from February to August 2023. He paid an average of $3,027 for each ETH, totaling around $1.19 billion. Right now, Sun’s estimated profit from this investment is $366 million, showing a 30% return. This does not

Microsoft shareholders to vote on assessing investing in Bitcoin

October 27, 2024 1 min read

Recent updates from the Securities and Exchange Commission (SEC) reveal that Microsoft is planning to present a proposal regarding Bitcoin investment at its upcoming shareholder meeting on December 9, 2024. However, it’s still uncertain whether this proposal involves Microsoft actually adding Bitcoin to its financial assets or merely exploring it as a potential investment. The trend of companies incorporating Bitcoin into their financial strategies began with MicroStrategy, a business intelligence

Solana Mobile unveils its new model, Seeker

September 20, 2024 1 min read

Solana Mobile has unveiled its second-generation Web3 phone, Seeker, which has garnered 140,000 preorders. The device, once referred to as Saga Chapter Two, is set for delivery in 2025 and will incorporate various new functionalities. Co-Founder Anatoly Yakovenko elucidates that the company intends to enhance the accessibility and affordability of Seeker, with its hardware and software intricately linked for web3. Notable features comprise a Seed Vault Wallet integrally built into

Russia is launching crypto trials to bypass international sanctions

August 27, 2024 1 min read

On September 1, Russia plans to conduct experiments using crypto exchanges and digital tokens for cross-border payments in order to avoid international sanctions. This action is critical for Russian enterprises that are struggling to make payments due to economic sanctions. During these experiments, the National Payment Card System (NSPK) will be used to enable ruble-to-crypto exchanges. In July, Russia’s parliament passed legislation to legalize crypto mining and establish a framework

The SEC’s concerns about Solana’s security status have delayed potential ETF approvals

August 20, 2024 2 mins read

The U.S. Securities and Exchange Commission (SEC) has classified Solana (SOL) as a possible securities, which has impeded the launch of SOL ETFs. As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have resulted in the withdrawal of VanEck and 21Shares’ 19b-4 forms, which are crucial documentation for the listing of

Over $1.86 billion in Bitcoin and Ethereum set to expire

August 16, 2024 1 min read

The expiration of $1.86 billion worth of Bitcoin (BTC) and Ethereum (ETH) options is leading to heightened volatility in the cryptocurrency markets. The latest data on the US Consumer Price Index (CPI), which was below expectations, has introduced uncertainty into the market. As the expiration deadline approaches, traders and analysts are getting ready for possible price swings. Bitcoin currently holds options worth $1.4 billion that are slated to expire, whereas