Author: WebDesk

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approvals for five digital asset firms — Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos — to become federally chartered national trust banks, marking a major milestone in the integration of cryptocurrency into traditional finance. The approvals, announced Friday, allow the firms to convert from state-level trust charters to federal status, subject to meeting the OCC’s conditions.  Once finalized, these institutions will join roughly 60 other national trust banks regulated by the OCC, gaining the ability to offer fiduciary and custody services nationwide.  Unlike larger national banks,…

On December 18th, days before Christmas, Keonne Rodriguez, co-founder of the Bitcoin Samourai Wallet, will have to surrender to prison. His crime? Creating a software tool that gave Bitcoin users comparable privacy to that which banks are expected to provide. Samourai Wallet, the brand and technology stack built by Rodriguez and William Lonergan Hill, was shut down by the U.S. Government in April 2024 on a variety of charges, including money laundering, but only one charge stuck after a high-profile trial, the weakest charge of all, “unlicensed money transmission”.What does it mean to transmit money? According to prosecutors, custodial control…

The crypto market is experiencing yet another bear season, causing major turmoil in the web3 sector and negatively impacting the growth of many decentralized projects, including non-fungible token collections. This NFT bear season has made it very difficult for many platforms and collections to gain traction. However, some non-fungible token projects have been made different and have flourished, while others have faded. In this article, we will explore the Pudgy Penguins NFT collection, which has strongly defied and conquered the NFT bear market season. Pudgy Penguins, the once-niche internet project born during the height of the NFT boom, has defied…

All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. Hex Trust introduces regulated wrapped XRP enabling DeFi access and cross chain liquidity expansion wXRP launches with over 100 million dollars liquidity across Ethereum Solana Optimism HyperEVM networks Hex Trust plans to launch a wrapped version of XRP, or wXRP, to support broader usage of the token in decentralized finance and cross-chain transactions. Each wXRP will match native XRP 1:1 and can be minted or redeemed by authorized parties using a regulated and automated system. The wXRP asset will first be supported on Solana, Optimism,…

All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. The Pyth oracle integration will help Cardano to upgrade its DeFi stack, including bridges, stablecoins, analytics, and custodial infrastructure. Pyth’s Lazer oracle provides real-time, institutional-grade market data for high-frequency DeFi applications. Cardano is looking to boost its core DeFi infrastructure as the network moves to modernize oracle systems and market connectivity under its newly implemented governance structure. During a Dec. 11 livestream, founder Charles Hoskinson announced that the network’s Pentad governance bloc has approved its first major initiative within the critical integrations framework. The coalition,…

Sangha Renewables announced the energization of its 19.9-megawatt bitcoin mining facility in Ector County, West Texas today, in partnership with Links Genco and TotalEnergies. The project operates behind-the-meter on a 150-megawatt solar farm, combining renewable energy generation with digital infrastructure to explore new revenue streams for the energy sector. The facility, developed with support from Links Genco, uses bitcoin mining to provide dispatchable industrial demand that aligns with variable renewable output.  Links Genco provided energy structuring and grid compliance services, helping Sangha configure a load profile that complements solar generation while mitigating exposure to transmission constraints and local curtailment, according…

Join Our Telegram channel to stay up to date on breaking news coverage JPMorgan arranged a $50 million bond for Galaxy Digital on Solana, one of the earliest cases of debt being executed on a public blockchain. The US investment bank said in a statement that the short-term commercial paper was bought by Coinbase and Franklin Templeton, with settlement conducted in the USDC stablecoin that is issued by Circle. Coinbase will handle the wallets and custody for the deal, with the transaction appearing on its balance sheet. JPMorgan facilitated on-chain delivery-versus-payment settlement in addition to creating the deal’s on-chain token, USCP.…

After nearly five years of dormancy, a cluster of Silk Road–linked wallets just moved 33.7 Bitcoin—roughly $3 million—in a sudden on-chain resurgence that immediately brought the BTC price back into focus. While the volume is modest, the combination of its origin, timing, and institutional destination gives it an outsized narrative impact. With Bitcoin already navigating a fragile price range, this development raises concerns about renewed downward pressure. The 33.7 BTC Silk Road BTC Transfer And Its Potential Impact On Bitcoin’s Price The movement began with a series of small outputs originating from early-era Silk Road addresses, all using the old “1…” legacy…

Pakistan is moving to formalize its place in the global digital-asset economy, signing a memorandum of understanding with Binance to explore the tokenization of up to $2 billion in state-owned assets while granting early regulatory clearances to both Binance and HTX.  Together, the initiatives reflect one of the country’s most ambitious pushes yet to merge sovereign finance with blockchain-based infrastructure. According to Pakistan’s finance ministry, the MoU with Binance will allow the government to assess tokenising sovereign bonds, treasury bills, and commodity reserves — including oil, gas, and metals — as it seeks new tools to boost liquidity and expand…

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase will let investors trade Solana tokens on-chain through a built-in DEX in its app, bypassing the need to wait for traditional listings on the exchange. The update, revealed at the Solana Breakpoint event in Abu Dhabi, will give Coinbase’s 100 million users immediate access to Solana’s entire token ecosystem. The launch highlights that exchanges are shifting toward hybrid models, combining centralized interfaces and decentralized execution. In a presentation at the Breakout event, Andrew Allen, a protocol specialist at Coinbase, said the exchange wants to make the…