Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Tether (USDT) appoints Simon McWilliams as its new CFO

March 4, 2025 1 min read

Tether, a major stablecoin issuer, has appointed Simon McWilliams as its new Chief Financial Officer. This move is seen as a significant step towards achieving a full audit of the company. McWilliams has over 20 years of experience in finance and auditing at large investment firms. His role will focus on enhancing Tether’s transparency and preparing for regulatory requirements. Tether stated that McWilliams’ appointment shows their commitment to completing a

CME Group announces that it will roll out Solana futures on March 17

March 4, 2025 1 min read

CME Group will launch Solana (SOL) futures on March 17, pending regulatory approval. This announcement was made on February 28. The new product will include two contract sizes: a micro contract for 25 SOL and a larger contract for 500 SOL. Giovanni Vicioso, the global head of cryptocurrency products at CME Group, stated that the launch is in response to growing client demand for regulated products to manage cryptocurrency price

Bank of America’s CEO Brian Moynihan reveals the firm is considering launching a stablecoin

March 2, 2025 2 mins read

Bank of America’s CEO, Brian Moynihan, announced that the bank is considering launching its own stablecoin. This decision depends on new regulations in the U.S. Moynihan believes that stablecoins could transform the financial industry, similar to how the bank was the first major U.S. bank to launch a mobile app. The regulation of stablecoins is gaining attention. The CFTC is working on a pilot program, and Congress is taking bipartisan

Volatility Shares launches the first Solana futures ETFs

March 1, 2025 2 mins read

Volatility Shares has introduced the first Solana futures ETFs, a major advancement in cryptocurrency investments. The two ETFs, named Volatility Shares 2x Solana ETF (SOLT) and Solana ETF (SOLZ), are now listed on the Depository Trust & Clearing Corporation (DTCC). This listing allows for efficient clearing and settlement, enhancing security in trading. Earlier this month, Coinbase launched CFTC-regulated Solana futures contracts. This was crucial as it addressed the absence of

Bitcoin drops to lows of $82K, dipping to levels seen in November 2024

February 27, 2025 1 min read

Bitcoin’s price fell over 6% in just 24 hours, dropping below $84,000 on Wednesday. This decline marks its lowest level since November 2024, when Bitcoin had surged due to election-related excitement. The market is currently bearish, according to trader IncomeSharks. The drop in Bitcoin’s value is linked to rising trade war tensions. President Donald Trump announced new tariffs: 25% on Canada and Mexico, 10% on China, and an additional 25%

South Korean regulators impose a three-month partial suspension on Upbit

February 27, 2025 1 min read

South Korean regulators have suspended Upbit, a major crypto exchange, for three months. This action is because of compliance issues, like unregistered transactions and customer verification problems. The suspension runs from March 7 to June 6, 2025. New users can’t transfer virtual assets right now. Existing users can keep trading freely. Regulators discovered Upbit’s links to unregistered virtual asset companies. They did not meet AML and KYC standards. Upbit is

Pi Network addresses controversy over its legitimacy

February 23, 2025 1 min read

Pi Network faced controversy recently due to accusations from Bybit CEO Ben Zhou. Zhou claimed that a warning from Chinese police in 2023 indicated Pi Network was involved in fraud. He alleged that the project targeted early investors and compromised user data. As a result, the value of PI Coin dropped by over 50%. Many early adopters sold their holdings after the mainnet launch. In response to these claims, Pi

Nigeria sues Binance for $81.5 billion

February 20, 2025 1 min read

Nigeria has filed an $81.5 billion lawsuit against Binance. The lawsuit accuses the crypto exchange of tax evasion, money laundering, and violating foreign exchange laws. It includes $2 billion in back taxes and additional penalties. Binance has not yet responded to these allegations. However, reports suggest that the company plans to contest the lawsuit. This legal battle is not new for Nigeria and Binance. In 2024, Nigeria accused Binance of

Coinbase launches Proof of Reserves for cbBTC

February 20, 2025 1 min read

Coinbase has launched Proof of Reserves (PoR) for its cbBTC token. This initiative aims to reassure users that each cbBTC is backed 1:1 by Bitcoin. The move addresses concerns about transparency and centralized control in the crypto sector. According to the PoR data, Coinbase holds 26,525.15 BTC to back a supply of 26,461.05 cbBTC tokens. These tokens are distributed across various networks. Ethereum has the largest share with 16,080 cbBTC.

HyveDA raises $50 million

February 16, 2025 2 mins read

Hyve, a middleware data availability protocol, has achieved a significant milestone by securing $50 million in pre-deposits from early contributors in just two weeks. This event coincided with the launch of the Symbiotic mainnet on January 28th, which initiated the pre-deposit phase for HyveDA’s data availability solution. Within four hours, the total value locked reached $25 million, and it eventually hit the maximum deposit cap, despite a downturn in the

CZ’s pet Broccoli sparks meme coin frenzy

February 15, 2025 1 min read

Changpeng Zhao, known as CZ and the former CEO of Binance, recently shared the story of his dog, Broccoli. This Belgian Malinois was named after CZ’s love for dogs and cryptocurrency. The post about Broccoli sparked a frenzy in the meme coin market. What started as a simple photo on X quickly led to the creation of dog-themed meme coins. Although CZ stated he was not launching a coin, the

Holonym foundation Acquires Gitcoin Passport

February 11, 2025 1 min read

The Holonym Foundation has acquired Gitcoin Passport to create a leading Proof of Humanity solution. This move will allow Human.tech to distribute 34.5 million zero-knowledge (ZK) credentials to Gitcoin Passport’s 2 million users. This is expected to produce over three times the identity proofs of Worldcoin. With this acquisition, Holonym Foundation aims to become a leader in Sybil detection and privacy-focused on-chain reputation. They plan to merge their Human Key