News
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Quick Take The Cardano Foundation launched Veridian, a digital identity platform that uses open-source tools to verify identities and authenticate online communication. Launching alongside this new product is the Veridian Wallet, which lets users to manage their credentials, private keys and identifiers.
Quick Take PayPal expanded its crypto offerings to include Solana and Chainlink within the United States and associated territories. Previously, SOL and LINK were only accessible on the payment processor through a MoonPay partnership.
Quick Take The U.S. House Financial Services Committee advanced the anti-CBDC bill introduced by House Majority Whip Tom Emmer. The bill reflects concern that CBDCs potentially infringe on individual privacy by monitoring transactions.
Quick Take South Korea’s FSC indicated it might ease restrictions regarding foreign investors trading on local exchanges if AML capabilities improve. Unlocking the local market to foreign investors would further boost the USD stablecoin market and revitalize the South Korean crypto industry, one analyst said.
- 01:03The encrypted broker Hidden Road may be acquired by an encryption company, negotiations are underwayAccording to sources, Hidden Road, a broker specializing in cryptocurrency and traditional assets, is in talks with a crypto company about acquisition matters, with investment bank FT Partners providing consultation. It is not yet certain whether the transaction will be completed and Hidden Road has not responded. Hidden Road has raised approximately $50 million over the past year from investors including Dragonfly Capital. Reports suggest that one of the investors has expressed an intention to acquire. Previous reports indicated that the company was considering selling or financing, potentially valued at over $1 billion.
- 01:02AAVE falls below 150 dollarsThe market shows that AAVE has fallen below 150 dollars, currently reported at 149.98 dollars, with a 24-hour drop of 2.21%. The market fluctuation is quite large, please manage your risk well.
- 00:53Genius Group has received an injunction from a New York court, suspending financing and coin purchases, and is forced to sell its BTC reservesAccording to official news, AI and Bitcoin-oriented education company Genius Group has been ordered by the U.S. District Court for the Southern District of New York to cease financing, selling shares, and using investor funds to purchase Bitcoin. Genius Group has been forced to reduce its Bitcoin reserves from 440 to 430 in order to maintain operations and is appealing the decision. The ban originates from a legal dispute related with Fatbrain AI (LZGI). Genius warns that if the ban continues, it will pose a serious threat to its normal operations.