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Switzerland's UBS Taps zkSync for Blockchain-Based Gold Investment Platform - Crypto-News.net
Switzerland’s largest bank, UBS, has completed a proof-of-concept (PoC) using ZKsync Validium, an Ethereum layer-2 (L2) solution, to enhance its fractional gold investment product, UBS Key4 Gold. Notably, the pilot aims to address scalability, privacy, and interoperability challenges in digital gold trading. Swiss UBS: Enhancing Scalability and Security The PoC was conducted on a ZKsync…
FTX Reaches Settlement with K5 Global, Retains Stake in Firm - Crypto-News.net
FTX Trading Ltd. (d/b/a FTX.com) and the FTX Recovery Trust have reached a settlement with venture capital firm K5 Global, resolving litigation initiated in June 2024. The agreement, announced on January 31, allows FTX to retain its investment in K5’s funds, which is expected to support ongoing creditor recovery efforts. “Today’s settlement reflects another mutually…
Federal Reserve Holds Interest Rates Steady Despite Political Pressure - Crypto-News.net
The Federal Reserve opted to maintain its benchmark interest rate on Wednesday, resisting external pressure, including former President Donald Trump’s recent calls for rate cuts. The decision came after the Federal Open Market Committee (FOMC) concluded its first meeting of 2025, citing ongoing economic growth and inflation concerns. Federal Reserve Holds Rates Amid Strong Economic…
DeepSeek AI Frenzy Sparks Market Turmoil, Bitcoin Miners Face Steep Losses - Crypto-News.net
DeepSeek’s rise triggers sharp declines in publicly traded bitcoin mining stocks, with major firms like Marathon Digital and Riot Platforms seeing double-digit losses. Investors reassess risks as AI adoption accelerates. On January 27, 2025, U.S. and European equities experienced declines amid heightened interest in the Chinese artificial intelligence platform, DeepSeek. This shift in market sentiment…
Hive Digital’s $56M Paraguay Expansion to Quadruple Bitcoin Mining Capacity by 2025 - Crypto-News.net
Hive Digital’s $56 million acquisition of a 200 MW hydro-powered mining facility in Paraguay will increase its global Bitcoin mining capacity to 25 EH/s by late 2025. Hive Digital Secures Major Paraguay Expansion Hive Digital Technologies Ltd. (TSXV: HIVE) has announced a $56 million acquisition of Bitfarms’ 200-megawatt (MW) hydro-powered Bitcoin mining facility in Yguazú,…
Securitize Expands Tokenized Treasuries to Solana, Opening New Investor Access - Crypto-News.net
Securitize, a leading tokenized real-world asset (RWA) platform and issuer of BlackRock’s Ethereum-based $BUIDL fund, announced today its integration with the Solana blockchain to expand institutional-grade financial products. Notably, the partnership aims to accelerate adoption of blockchain-based asset tokenization by combining Solana’s high-speed infrastructure with Securitize’s regulatory-compliant framework. Securitize, which counts BlackRock as its lead investor,…
Kraken Revives Crypto Staking for U.S. Customers After SEC Settlement - Crypto-News.net
Cryptocurrency exchange Kraken has resumed its staking services for U.S. customers in 39 states, nearly two years after halting the program as part of a $30 million settlement with the Securities and Exchange Commission (SEC). The relaunch, announced Tuesday, supports 17 digital assets, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA). Notably, Kraken’s…
Trump Media Expands Into Financial Services Amid Crypto Market Interest - Crypto-News.net
Trump Media & Technology Group Corp. (Nasdaq: DJT) (“TMTG”) has announced its expansion into financial services and fintech with the launch of Truth.Fi, a new investment platform focused on “America-First” principles. Notably, the company’s board of directors has approved a strategy to develop multiple investment vehicles, including separately managed accounts (SMAs), exchange-traded funds (ETFs), and potential…
CME Group Futures Go Live on Robinhood, Expanding Retail Access to Bitcoin and Major Markets - Crypto-News.net
CME Group and Robinhood announced the launch of futures trading on Robinhood’s mobile app, enabling U.S. retail investors to trade derivatives tied to equities, cryptocurrencies, commodities, and foreign exchange. The rollout, which began January 29, includes Bitcoin Friday futures (BFF) and Ether contracts, alongside products linked to major indices like the S&P 500 and commodities such…
Ondo Finance Launches 24/7 Tokenized US Treasuries on the XRP Ledger - Crypto-News.net
Ondo Finance, a prominent tokenized real-world asset (RWA) issuer, has announced the integration of its Ondo Short-Term U.S. Government Treasuries (OUSG) on the XRP Ledger (XRPL). Notably, this collaboration seeks to expand institutional-grade tokenized asset offerings in the blockchain space, providing 24/7 access to U.S. Treasury investments via Ripple USD (RLUSD), an enterprise-grade USD-denominated stablecoin.…
Coinbase Expands Global Reach with Regulatory Approval in Argentina - Crypto-News.net
Coinbase, a leading cryptocurrency exchange, has obtained regulatory approval to operate in Argentina, marking a significant step in its mission to expand global access to digital assets. Notably, the company secured a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV), enabling it to operate within the country’s regulatory framework for virtual…