As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of becoming the crypto capital of the world. Despite this ambitious plan, concerns… Listen ⇢

A Manhattan federal jury found Tornado Cash developer Roman Storm guilty of conspiring to operate an unlicensed money transmitting business. As Inner City Press reported on August 6, the jury returned a mixed verdict by finding Storm not guilty of sanctions evasion under IEEPA, and unable to reach a unanimous… Listen ⇢

Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP.  SBI Unveils Japan’s First Bitcoin And XRP ETF  According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering… Listen ⇢

Bitcoin asset manager Parataxis will go public via a SPAC deal that could see up to $640 million in gross proceeds to fund a Bitcoin treasury. Digital asset investment management firm Parataxis is the latest crypto firm announcing it will go public through a special purpose acquisition company (SPAC) merger.… Listen ⇢

The post NovaDius President Sees XRP And Solana ETFs in BlackRock’s Future appeared first on Coinpedia Fintech News Nate Geraci, ETF expert and President of NovaDius Wealth Management, has shared his belief that BlackRock is likely to file for spot ETFs for XRP and Solana. BlackRock already leads the market… Listen ⇢

The Bitcoin market is in a “relatively balanced position” despite the recent price pullback from all-time highs, Glassnode says. Bitcoin short-term holders in profit have eased their selling activity as Bitcoin’s price continues to slowly climb above its local low of $112,000, according to onchain analytics platform Glassnode. Profit-taking among… Listen ⇢

One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space. Even though the project’s results are significant, it can’t seem to return to its prior feats, and there are growing concerns about governance. More Room to Grow Matt Hougan, Chief Investment Officer at… Listen ⇢

KakaoBank is reportedly looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market. The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the… Listen ⇢

Changpeng Zhao (CZ) has filed a motion to dismiss a $1.76 billion lawsuit brought against him by the FTX bankruptcy trust. He says the court has no legal authority over him because he lives in the United Arab Emirates (UAE). CZ’s Defence According to a Bloomberg report, his legal team… Listen ⇢