Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%. Source: https://cointelegraph.com/news/goldman-sachs-holds-710-million-bitcoin-etfs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author: Crypto Superhero
Mountain Protocol Brings Yield-Generating Stablecoin Products to El Dorado
Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers. The initiative receives USDT and automatically converts it to USDM, allowing users to benefit from the […] Source: https://news.bitcoin.com/mountain-protocol-brings-yield-generating-stablecoin-products-to-el-dorado/
Hong Kong warns against crypto firms misrepresenting as ‘bank’
Hong Kong’s central bank said that it’s illegal for unlicensed companies to represent themselves as banks in Hong Kong. Source: https://cointelegraph.com/news/hkma-warns-crypto-firms-misuse-bank-word?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Sol Strategies Purchases 4 New Validators in $18 Million Deal
Sol Strategies acquires four new validators to increase investment opportunities for shareholders via staking rewards. New Validators for Sol Strategies Four validators have been acquired by Sol Strategies (HODL), a cryptocurrency investment company run by Leah Wald, former CEO of Valkyrie Investments, for around $18 million in cash and stock. Validators are organizations that handle […] Source: https://news.bitcoin.com/sol-strategies-purchases-4-new-validators-in-18-million-deal/
Kraken Pro Interface-off Contest – Official Rules
BY ENTERING THE CONTEST, YOU AGREE TO THESE OFFICIAL RULES AND THE KRAKEN.COM TERMS OF SERVICE, WHICH EACH FORM A CONTRACT. READ THEM CAREFULLY BEFORE ENTERING. NO PURCHASE, PAYMENT, OR FUNDING NECESSARY TO PARTICIPATE OR WIN. PURCHASE, PAYMENT, OR FUNDING WILL NOT INCREASE YOUR CHANCES OF WINNING. Kraken The Kraken Pro Interface-Off Contest (“Contest”) is run by Payward, Inc., a company…
EU regulator sets restrictive measure guidelines for crypto providers
Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU’s restrictive measures regimes. Source: https://cointelegraph.com/news/eba-guidelines-crypto-restrictive-measures?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest
Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central bank digital currencies (CBDCs) and its classification of bitcoin as a “private currency” overlook BTC’s key […] Source: https://news.bitcoin.com/india-urged-to-embrace-bitcoin-as-strategic-reserve-asset-amid-global-unrest/
South Korea probes Upbit for 600K KYC violations
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal. Source: https://cointelegraph.com/news/upbit-kyc-violations-license-renewal-south-korea?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Donald Trump’s World Liberty Financial Taps Chainlink to Secure Defi Platform
World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink. Chainlink to Power World Liberty Financial’s Defi Ecosystem World Liberty Financial (WLF), a decentralized finance (defi) platform backed by Donald Trump has announced a strategic partnership with Chainlink, the standard […] Source: https://news.bitcoin.com/donald-trumps-world-liberty-financial-taps-chainlink-to-secure-defi-platform/
Don’t be delusional: Decentralization doesn’t compensate for regulation
DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature. Source: https://cointelegraph.com/news/don-t-be-delusional-decentralization-doesn-t-compensate-for-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound