Andreessen-Backed Eco App’ Shifting Towards Noncustodial Crypto Services

Andreessen-Backed Eco App’ Shifting Towards Noncustodial Crypto Services

The fintech wallet application Eco revealed advanced plans to gradually fade out the custodial features as it prioritizes expanding scope on noncustodial services. The fintech wallet application backed

Tether Restores USDT Collateralized Lending, Insisting on Excess Reserves

Tether Restores USDT Collateralized Lending, Insisting on Excess Reserves

Stablecoin issuer is rescinding its decision to terminate the provision of collateralized loans. The firm behind the leading stablecoin USDT by market capitalization, as per Coin Gecko, is

Sam Bankman’s Alameda Triggered Bitcoin’s 87% Plunge in 2021

Sam Bankman’s Alameda Triggered Bitcoin’s 87% Plunge in 2021

A former employee at the embattled Alameda Research has revealed that a trader within the FTX trading arm punched the wrong decimal. The 2021 error led to a

Stanford University Returning Over $5.5M Received From FTX

Stanford University Returning Over $5.5M Received From FTX

The quest to recover billions of dollars lost during the reign of Sam Bankman-Fried at FTX took another twist as the bankruptcy estate sued the parents for orchestrating

Wormhole Integrating Circle’s CCTP to Facilitate USDC Transfers Among Blockchain Networks

Wormhole Integrating Circle’s CCTP to Facilitate USDC Transfers Among Blockchain Networks

Wormhole, in a Wednesday, September 20 statement, confirmed integrating Circles’s Cross-Chain Transfer Protocol (CCTP) to enable sending USD Coin (USDC) among select blockchain networks. The Wormhole-based bridges will

Hong Kong Authority Warns Crypto Companies Misleading Description as Banks

Hong Kong Authority Warns Crypto Companies Misleading Description as Banks

The Hong Kong Monetary Authority (HKMA), in its Friday, September 15 press release, alerted the public of deceptive crypto companies profiling themselves as banks. The regulator notice indicates

Republicans Bill Allege CBDC Potential to Undermine Stablecoins 

Republicans Bill Allege CBDC Potential to Undermine Stablecoins 

The Republicans tabled a bill alleging central bank digital currency (CBDC) has the potential to hinder the effectiveness of existing stablecoins. The lawmakers drawn from the Grand Old

Deutsche Bank Partners With Taurus to Unveil Crypto Custody and Tokenization 

Deutsche Bank Partners With Taurus to Unveil Crypto Custody and Tokenization 

Deutsche Bank announced partnering with Swiss fintech firm Taurus to offer custody services for digital assets. Taurus acknowledged that the agreement will enable Deutsche Bank to offer tokenization

Bitcoin Gains as European Central Bank Signals Relenting Rate Hikes

Bitcoin Gains as European Central Bank Signals Relenting Rate Hikes

The Thursday, September 14 announcement by the European Central Bank (ECB) optimism in the current interest rate checking inflation triggered a modest 2% gain in Bitcoin price. The