Author: Kryptonews
Wonil Suh, Executive Vice President of Wemade, represents Korea’s blockchain gaming evolution. His company launched its blockchain journey seven years ago with the establishment of WEMIX, becoming one of Korea’s most experienced Web3 enterprises. With over 1,000 employees dedicated to WEMIX-related operations globally, Wemade operates at unprecedented organizational scale in blockchain gaming. During Korea Blockchain Week’s main event, particularly after sessions featuring US participants including Donald Trump Jr., Suh appeared increasingly confident about stablecoin adoption. His conviction stems from Wemade’s practical experience managing millions of gaming transactions and developing comprehensive blockchain infrastructure. The executive envisions Korean Won stablecoins facilitating everything…
A US Senate committee is set to hold a hearing next week to discuss how digital assets should be taxed — seemingly in line with the White House’s crypto report released in July. The hearing will be led by the Finance Committee’s chair, Mike Crapo, on Wednesday, with Coinbase vice president of tax Lawrence Zlatkin and Coin Center policy director Jason Somensatto to testify, according to the notice released on Wednesday.Source: Eleanor TerrettIt falls in line with the White House Digital Asset Working Group’s crypto recommendations in July, which called on lawmakers to recognize crypto as a new asset class…
Apparently there’s not enough money in markets these days for simultaneous bull moves in gold and its digital counterpart BTC$113,034.66.To wit, gold has seen what seems like new record highs on a daily basis for the past few weeks. Bitcoin, meanwhile, despite living in a world with the same bullish catalysts — easing monetary policy, ETF inflows, rising corporate adoption — hasn’t been able to get out of its own way.The action suggests bitcoin may not be able to move into a new sustained upswing until investors cool on the yellow metal.Indeed, gold Wednesday is having a rare day in…
Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges.Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March.“This is a preliminary version of the legislation, and we are seeking stakeholder feedback on its effectiveness and clarity before proceeding further,” he said.Currently, crypto exchanges that simply facilitate trading assets like Bitcoin (BTC) need only register with the Australian Transaction Reports and Analysis Centre (AUSTRAC), which has 400 crypto exchanges registered…
Bitcoin critic Peter Schiff has doubled down on his stance, this time claiming the flagship cryptocurrency is in a bear market. However, the crypto community pushed back against his remarks, with many arguing that his analysis relied too heavily on short-term data. BTC Down 20% against Gold The economist dismissed Bitcoin in a September 24 post on X, stating it is “not living up to its hype.” He pointed out that the cryptocurrency has dropped 20% against gold since its August peak, a fall that he said means it’s in bear market territory. Schiff added that since the crypto asset…
Two Democratic lawmakers on the US Senate Banking Committee and Senate Agriculture Committee, expected to vote on a market structure bill soon, have signaled that they would oppose the legislation without an investigation into two White House officials.In a Tuesday letter to officials in the US State Department, Commerce Department and Department of Ethics, Senators Elizabeth Warren and Elissa Slotkin called for authorities to investigate US President Donald Trump’s AI and crypto czar, David Sacks, and his Special Envoy to the Middle East, Steve Witkoff. The two Democratic lawmakers signaled that, without information as to whether “politically connected crypto interests…
The Rijksmuseum in Amsterdam announced last week that the dog depicted in the lower righthand corner of Rembrandt van Rijn’s Night Watch (1642) was based on a popular drawing from the 17th-century. The Night Watch is currently undergoing an extensive study and restoration in a specially designed glass chamber located in the museum’s galleries that began in 2019. Called Operation Night Watch, the initiative “brings scientists, restorers and curators together with experts from our project partner AkzoNobel to maintain the painting in optimal condition for the future,” according to the museum’s website. Related Articles This new revelation came about after…
As the broader crypto markets continue to wilt, Dogecoin (DOGE) is slowly waking up to turn the tides the bullish way again. 21Shares, one of the financial world’s most prominent digital asset management companies, have just filled for a Dogecoin ETF with the Depository Trust & Clearing Corporation (DTTC).Dogecoin’s Major Step Towards The Big BoysAlthough this does not secure an approval of this meme coin-based exchange-traded fund (ETF) pitch, this acknowledgement by the DTCC marks a further step in the submission procedure. Part of the standard preparation process, the DTCC registration is crucial in terms of approval by the The…
Key Takeaways Crypto Finance, owned by Deutsche Börse, integrated Chainlink Proof of Reserve for transparent on-chain verification of assets. The solution allows real-time, public reserve data for nxtAssets’ physically backed Ethereum and Bitcoin ETPs on Arbitrum via Chainlink oracles. Share this article Crypto Finance, a Frankfurt-based digital asset solutions provider owned by Deutsche Börse, today integrated Chainlink Proof of Reserve to enable on-chain verification of custodied assets for exchange-traded products.The integration allows nxtAssets’ physically backed Ethereum and Bitcoin ETPs to display reserve data publicly through Chainlink’s oracle network on Arbitrum. The system uses Chainlink Runtime Environment to publish real-time custody…
Key takeaways:Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level.Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table.A total of $22.6 billion in Bitcoin (BTC) options are scheduled to expire on Friday, creating a decisive moment after the sharp rejection at $117,000. Currently, bullish strategies remain better positioned heading into the expiry as long as the $112,000 level holds.Bitcoin options aggregate open interest by expiration, USD. Source: laevitas.chDeribit continues to dominate the market, with $17.4 billion in open interest for Friday’s Bitcoin options, while OKX and CME trail…
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