Author: James Wilson
Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space. The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider Mastercard is positioning itself as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network with blockchain technology, the company seeks to enable seamless transactions between fiat and crypto markets. Dhamodharan highlighted that financial institutions are increasingly interested in blockchain due to its…
Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation, plans to launch its own stablecoin. The stablecoin project, according to a report published on April 1, 2025 by Nikkei, will be a collaboration between the banking giant and crypto projects Avalanche (AVAX) and Fireblocks. Specifically, the report highlights that SMBC is teaming up with Ava Labs, the developer team behind the Avalanche blockchain. SMBC’s reported stablecoin venture follows a prior move in 2024 that involved the Sumitomo Mitsui Financial Group and two other Japanese financial services and banking behemoths, the Mitsubishi UFJ Financial Group…
XRP price crashed in the first quarter, erasing some of the gains made in November when it jumped by almost 500%. Ripple (XRP) has entered a bear market after dropping over 35% from its January high. It was trading at $2.1564 on Tuesday, just above the crucial support level at $1.9120. XRP declined even after achieving several major milestones during the quarter. The most important Ripple news was the U.S. Securities and Exchange Commission’s decision to end its litigation. The conclusion of Ripple’s five-year legal battle means the company now has a clearer path to making deals with large U.S.…
In a Monday evening interview with Larry Kudlow on Fox Business, Senator Tommy Tuberville (R-Ala.) voiced strong support for President Trump’s latest economic agenda, particularly its emphasis on deregulation and access to cryptocurrency. Tuberville, the sitting Senator since 2021, spotlighted his “Freedom’s Act,” a policy that would allow Americans to invest their retirement funds in Bitcoin (BTC) and other altcoins. Tuberville introduced his act in 2022 and 2023 but it failed to make any notable progress. He hopes that now with the backing of President Donald Trump his vision can become a reality. “President Trump has become the crypto president…
Hut 8 CEO Asher Genoot discussed in a Bloomberg interview the logic behind the newly launched American Bitcoin venture. Genoot, speaking on Bloomberg TV in a joint interview with Eric Trump, said that Hut 8 is not starting its venture with members of the Trump family from scratch. Instead the venture is launching as a “scaled mining operation from day one.” Hut 8 will contribute its mining rigs in exchange for an 80% stake in American Bitcoin, allowing the venture to begin with substantial infrastructure and operational capacity to mine Bitcoins (BTC). “We’ll contribute our rigs into the entity in…
Paradigm security researcher Samczsun is raising concerns that North Korea’s cyber operations extend far beyond the notorious Lazarus Group. His warnings come as the crypto industry emerges from the recent Bybit hack, which reportedly involved a sophisticated compromise of SafeWallet infrastructure. This attack marked a departure from previous North Korean hacking incidents. Instead of directly targeting Bybit, the hackers managed to breach Safe{Wallet}. This shift in tactics highlights the growing sophistication of their strategies and raises significant concerns about the security of the broader cryptocurrency ecosystem. According to Samczsun, North Korean-backed cybercrime isn’t just the work of a single group,…
Eric Trump, son of United States President Donald Trump, has doubled down on his bullish take on Bitcoin by stating that the digital asset is “one of the greatest stores of value.” Eric Trump’s shared the comments on Bitcoin (BTC) during an interview on Fox Business. The remarks come as the U.S. becomes increasingly pro-crypto under Trump’s administration, with the U.S. president also a vocal supporter of digital assets. During the interview, Eric said he’s been a “hard asset guy” all his life, mainly real estate. “If there’s anybody’s eyes who shouldn’t have opened to the world of cryptocurrency is…
$ACT has launched an investigation after its token experienced a sharp price drop on Binance. In a statement on X, the ACT (ACT) team assured its community that they are actively addressing the issue in collaboration with relevant parties and developing a response plan alongside trusted partners. $ACT, also known as “The AI Prophecy,” is a Solana (SOL) based memecoin that has garnered attention for its unique approach to integrating artificial intelligence within a decentralized community framework. Dear $ACT community, we want to assure you that we’re fully aware of the current situation. Our team is actively investigating and working…
Binance Coin price seems ripe for a strong bullish breakout as the network continues to incinerate more coins. Binance Coin (BNB) was trading at $620 on Tuesday, up 20% from its March lows and 22% below its all-time high. BNB has outperformed Bitcoin (BTC) and other layer-1 coins like Cardano (ADA) and Solana (SOL) because of its strong ecosystem growth. DeFi Llama data shows that the total value locked in its ecosystem rose to $5.17 billion in March. In contrast, other popular layer-1 networks lost assets during the same period. Additional data shows that the network’s decentralized exchanges handled over…
Coinbase has experienced a significant decline in its stock value, dropping approximately 30% in the first quarter of 2025. It’s been a tough first quarter for Coinbase’s stock. Coinbase (NASDAQ: COIN) experienced a 31% decline, marking its worst quarterly performance since the FTX collapse at the end of 2022. The broader crypto market hasn’t fared much better, with Bitcoin dropping over 10% and Ether plummeting by 45%. Several factors have contributed to this recent decline. Bitcoin (BTC), a major driver of Coinbase’s trading volume, has fallen from its January 21 all-time high of $107,180.92 to a three-month low of $87,000…