Panama has unveiled a sweeping draft bill aimed at regulating cryptocurrencies and fostering the development of blockchain-based services, signaling a renewed effort to position the country as a fintech leader in Latin America. The proposed law establishes a legal framework for using digital assets in financial transactions, establishes licensing requirements for service providers, and includes…
Key Takeaways: The uneven drop may signal a shift toward coins with stronger on-chain resilience. Deep altcoin dips could spark a reevaluation of risk, prompting a realignment of strategies. Investors might soon favor assets with stable fundamentals and robust network support. The top five cryptocurrencies by market capitalization lost a combined $659 billion between January…
The Bitcoin-keen Japanese game developer Gumi has announced it will hold a $106,000 BTC lottery event for new shareholders. Per a Gumi press release and a report from the Japanese-language media outlet CoinPost, the company will hold the lottery as a “perk” for shareholders investing in the Tokyo Stock Exchange-listed company. Gumi: BTC Lottery for…
Key Takeaways: A new card connects crypto payments with daily commerce, easing the shift between digital funds and traditional money. Built on a Solana-based protocol, it simplifies activation and everyday use. The model bypasses standard ID checks to protect user data. It joins a growing trend of merging digital finance with conventional payment methods. Zebec…
Key Takeaways: Traditional banking methods join digital payment systems. New processes reduce friction and simplify crypto transactions. Enhanced security and clear rules boost user confidence. This approach may widen access in underserved areas. Although Bitcoin (BTC) has long been perceived as a store of value, analysts in 2024 predicted that its next major use case…
GameStop shares plunged over 15% on March 27, posting their sharpest single-day decline in nearly a year. The drop comes less than a day after the company revealed a surprise move to invest in Bitcoin using proceeds from a $1.3 billion convertible bond sale. Despite initial optimism, the announcement raised fresh doubts about the future of…
Key Takeaways: Signals a shift toward community-centric, digitally driven financial solutions. Promotes inclusive growth by lowering barriers to global market participation. Could challenge entrenched remittance giants while spurring regulatory modernization. Ripple, a provider of digital asset infrastructure for financial institutions, announced on Thursday, it has partnered with Chipper Cash, an African payments company. Africa’s payments…
A recent asset disclosure by South Korea’s Public Officials Virtual Assets Rank List revealed that 20.1% of high-ranking public officials hold crypto, with their total reported holdings amounting to $9.83 million. The official with the largest virtual asset portfolio was Seoul City Council Member Kim Hye-young, who declared $1.16 million in digital assets. The Rankings…
Canary Capital CEO Steven McClurg said the firm’s recent “out-of-the-box” crypto exchange-traded fund (ETF) filings are a calculated approach to engage with assets that have potential and unmet demand. In a recent interview with CryptoSlate, McClurg explained the rationale behind the company’s filings, ranging from the first Litecoin (LTC) ETF to the first fund to…
The Sei Foundation, the nonprofit development organization behind the layer-1 blockchain Sei (SEI), is exploring the acquisition of bankrupt personal genomics company 23andMe and putting the genetic data of 15 million users on blockchain rails. The foundation announced the initiative in an X post on Thursday, calling the plan its “boldest DeSci bet yet” —…