Key Takeaways: WYST is a state-issued, fully reserved stablecoin from Wyoming, currently in test mode within the state. WYST will be over-collateralized with cash and U.S. Treasuries, ensuring full reserve backing. The interest earned from reserves will be allocated to Wyoming’s School Foundation Fund, showcasing an innovative public benefit use of
Exploring Stablecoin Integration: Circle and Intercontinental Exchange Collaborate
Circle and Intercontinental Exchange (ICE) are looking into incorporating stablecoins into their platforms. Stablecoins are digital currencies pegged to a stable asset, such as the US dollar, to minimize volatility. Both companies are exploring the potential benefits of integrating stablecoins to enhance their services and offerings. By integrating
South Korea Blocks Foreign Crypto Exchanges on Google Play Amid Regulatory Crackdown
Key Takeaways: South Korea seems to be protecting its users by limiting access to crypto exchanges not registered with its government. Apps from exchanges like KuCoin, MEXC, and Poloniex are also being blocked from Google Play. The move is in line with South Korea’s tough stance on crypto regulation. South Korean authorities are further tightening
Proposed Bipartisan Bill Acknowledges Bitcoin as a Catalyst for Democratic Support
Bitcoin Magazine Bipartisan Legislation Acknowledges Bitcoin As A Tool That Bolsters Democracy On Wednesday, Rep. Gabe Amo’s office released a press announcement highlighting the reintroduction of a bipartisan resolution by Rep. Amo and Rep. Kim (R-CA). This resolution advocates for the use of distributed ledger technologies (DLT), including blockc
First U.S. Bank Issues Stablecoin on a Permissionless Blockchain
Key Takeaways: Custodia and Vantage Bank announce the first bank-issued stablecoin in the U.S., marking continued progress for regulated digital currency. Avit is an Ethereum-based stablecoin that provides a fully compliant and auditable way to tokenize U.S. dollar deposits inside — not outside — the banking system. This groundbreaking advancement
Intercontinental Exchange exploring USDC and USYC integration, partners with Circle
The Circle and ICE partnership aims to bridge digital assets and traditional finance. Intercontinental Exchange (ICE) is the company that operates the New York Stock Exchange (NYSE), among others, and provides clearinghouse services. Circle’s stablecoins (USDC and USYC) will help enhance liquidity and efficiency in global finance. In a groundbreaki
Is Studio Ghibli The New Meta? Musk, Altman and Garlinghouse Ghiblify; Meme Coins Go Crazy
Is Studi Ghibli crypto the new meta? Elon Musk’s crypto trends are nothing new, but now Sam Altman and XRP Brad Garlinghouse are in on the Ghibli GPT update trend—and meme coin makers are taking notice. From Howls Moving Castle to My Neighbour Totaro, Hayao Miyazaki’s Studio Ghibli has brought heart-warming stories and the magic […]
Bitcoin Price Rally Halts While Gold Approaches Record High of $3,100
The bullish momentum of the Bitcoin price has come to a halt as gold surpasses a record-breaking $3.1K mark. This unexpected turn of events has stirred up the cryptocurrency market, with investors closely monitoring the situation. Analysts attribute this shift to a variety of factors, including economic uncertainties, geopolitical tensions, and the
Proposed Bipartisan Legislation Recognizes Bitcoin As A Technology That Supports Democracy
Bitcoin Magazine Proposed Bipartisan Legislation Recognizes Bitcoin As A Technology That Supports Democracy On Wednesday, the office of Rep. Gabe Amo issued a press release stating that Rep. Amo and Rep. Kim (R-CA) reintroduced a bipartisan resolution supporting the use of distributive ledger technologies (DLT), including blockchain, to “support de