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According to a July 9 announcement, Ripple has appointed BNY Mellon as the official reserve custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD).
According to a July 9 announcement, BNY Mellon was selected based on its extensive experience in digital asset infrastructure and its role as a trusted provider of transaction banking services in the US. The bank will now manage RLUSD’s...
Crypto.com has significantly expanded its presence in the United Arab Emirates (UAE), striking multiple high-impact partnerships across aviation, real estate, and public sector services.
During the last three months, the crypto exchange has partnered with leading institutions, including Emirates Airlines, the Dubai Land Department, and the Dubai Department of Finance, positioning itself at the...
Polygon’s Proof-of-Stake (PoS) network will undergo a major consensus upgrade with the rollout of Heimdall v2 on July 10.
Sandeep Nailwal, Polygon’s co-founder, described it as the most technically advanced hard fork the chain has undertaken since its launch in 2020.
Following the announcement, the network’s native token, POL, gained nearly 10% within 24 hours, climbing to its highest level in a...
New Zealand’s Ministry of Justice is set to ban crypto ATMs as part of a sweeping overhaul of the country’s anti-money laundering and counter-terrorism financing (AML/CFT) framework.
The move forms part of a broader strategy to tighten regulations around financial crime while reducing compliance burdens for legitimate businesses.
In a statement released on July 9, Associate Justice Minister Hon....
A second-quarter survey of 18 mainstream news outlets logged 1,116 Bitcoin (BTC) stories and measured sentiment at 31% positive, 41% neutral, and 28% negative, according to Bitcoin analysis firm Perception.
The data reveal a significant gap between finance-focused media that cover the market extensively and legacy publications that rarely address it.
Sparse coverage
Perception counted two Bitcoin...
Ethereum and Consensys co-founder Joe Lubin said companies adopting ETH treasury strategies will play a critical role in communicating the second-largest digital asset’s value to Wall Street, as major financial institutions ramp up blockchain use and process around 24 million transactions daily.
Lubin made the statement during an interview with CNBC on July 8 in response to queries about the...
Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table.
The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion.
Tether’s USDT tops the cohort. Its first...
Volkswagen ADMT, the automaker’s autonomous-driving subsidiary, will source real-time street-level data from Bee Maps, a spatial intelligence service that runs on Hivemapper’s Solana-based mapping network.
According to Hivemapper CEO Ariel Seidman, the partnership “shifts mapping from static to living,” and that robotaxi fleets require data “that evolves as fast as the streets do.”
Bee Maps...
SharpLink Gaming shares surged nearly 26% on July 8 after the Minneapolis-based online gaming company revealed a major expansion of its crypto treasury, bringing its total Ethereum (ETH) holdings to over 200,000 coins.
The company announced it had purchased an additional 7,689 ETH for approximately $19.2 million at an average price of $2,501 per coin. The move boosted SharpLink’s total holdings...
The following is a guest post and opinion from Patrick Heusser, Head of Lending...