Author: WebDesk

Tether has announced plans to acquire Italian football club Juventus. The top-tier stablecoin issuer announced on Friday that it has submitted a proposal to Exor to acquire its entire stake in Juventus, which represents 65.4%.Tether Plans to Invest €1B in JuventusAccording to the announcement, Tether is seeking to make a public offer for the remaining shares at the same price in a bid to acquire Juventus wholly. The company announced that the deal is awaiting regulatory approval in order to proceed with its takeover.Moreover, the stablecoin issuer plans to inject €1 billion to support the development plans for the club.“For…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto expert Crypto Sensei has drawn attention to rumors that Amazon struck a 5 billion XRP deal with Ripple. The expert explained what the deal is really about and what Ripple’s end goal is using the altcoin.  Expert Clarifies Rumors Of Amazon’s 5 Million XRP Deal With Ripple In an X post, Crypto Sensei addressed whether rumors that Amazon struck a 5 million XRP deal with Ripple were true. The rumors surfaced as Kendra Hill claimed that Ripple’s endgame is to run the entire derivatives market using…

Key Highlights OCC has approved Ripple to operate a national trust bank  Ripple is planning to establish Ripple National Trust Bank (RNTB), a federally supervised trust bank With a national trust bank managing RLUSD reserves, Ripple’s stablecoin business will face oversight at both the state and federal levels On December 12, Ripple announced that it secured conditional approval from a U.S. banking regulator to operate a national trust bank. The U.S. Office of the Comptroller of the Currency (OCC)’s approval will grant the firm federal oversight to establish Ripple National Trust Bank (RNTB), a federally supervised trust bank. HUGE news!…

Coinbase is reportedly preparing to launch its own prediction markets, powered by U.S.-based operator Kalshi, in a move that could expand the types of assets available on the exchange amid cooling investor interest in cryptocurrencies, according to reporting from Bloomberg and CNBC. The announcement is expected to come next week, coinciding with Coinbase’s “Coinbase System Update” showcase on Dec. 17. While the exchange declined to confirm specifics, it encouraged users to tune into the livestream for updates. Rumors of the new prediction markets have been circulating for nearly a month. In mid-November, tech researcher Jane Manchun Wong shared a screenshot…

The bitcoin price was trading in the $92,000 range earlier today but has now dropped back toward $90,000, reflecting continued volatility despite the U.S. Federal Reserve’s 25-basis-point rate cut.  After briefly spiking above $93,000 yesterday, the crypto fell below $90,000 and stabilized around $90,600 at the time of writing. The pullback comes amid mixed signals from the Fed. While the rate cut to 3.50%–3.75% was widely anticipated, Fed Chair Jerome Powell’s cautious remarks and a 9–3 split among FOMC members — one favoring a deeper 50-basis-point cut and two opposing any reduction — tempered enthusiasm for risk assets, including BTC.…

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,…