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DeepNewz

China Weighs Yuan-Backed Stablecoins as Kenya Seeks $5 B Debt Swap
Regulation & Politics

China Weighs Yuan-Backed Stablecoins as Kenya Seeks $5 B Debt Swap

Kenya’s Treasury said it is negotiating with Chinese lenders to convert roughly US$5 billion of existing dollar-denominated loans into yuan and to extend their maturities
Harvard’s Rogoff Concedes 2018 Bitcoin Call Miss as Price Tops $113,000
Research & Opinion

Harvard’s Rogoff Concedes 2018 Bitcoin Call Miss as Price Tops $113,000

Harvard professor and former International Monetary Fund chief economist Kenneth Rogoff has acknowledged that his 2018 prediction—Bitcoin was more likely to sink to $100 than climb to $100,000—proved badly off the mark
CoreDAO and Hex Trust Launch Bitcoin-CORE Dual Staking for Institutions
DeFi

CoreDAO and Hex Trust Launch Bitcoin-CORE Dual Staking for Institutions

Core Foundation, the group behind the Bitcoin-focused Core blockchain, has teamed up with digital-asset custodian Hex Trust to launch a dual-staking service for institutional investors
iShares Ethereum ETF Surpasses $11 Billion YTD Inflows, Holds 6.3M ETH as Spot ETFs Face $197 Million Outflow
Markets

iShares Ethereum ETF Surpasses $11 Billion YTD Inflows, Holds 6.3M ETH as Spot ETFs Face $197 Million Outflow

Ethereum exchange-traded funds (ETFs) have experienced substantial inflows over the past several months, with nearly $8 billion invested in the iShares Ethereum ETF (ETHA) alone across 75 trading sessions, including a nine-day consecutive inflow streak totaling $2
Harvard’s Rogoff Admits 2018 Bitcoin $100 Prediction Was Wrong
Research & Opinion

Harvard’s Rogoff Admits 2018 Bitcoin $100 Prediction Was Wrong

Harvard economist Kenneth Rogoff acknowledged that his 2018 forecast—asserting bitcoin was more likely to sink to $100 than climb to $100,000—proved incorrect
SkyBridge Capital Tokenizes $300 Million of Fund Assets on Avalanche
DeFi

SkyBridge Capital Tokenizes $300 Million of Fund Assets on Avalanche

SkyBridge Capital, the investment firm founded by Anthony Scaramucci, said it will move roughly $300 million of assets onto the Avalanche blockchain as part of a broader push to bring traditional funds on-chain
Wyoming Unveils FRNT, First State-Backed US Stablecoin
Regulation & Politics

Wyoming Unveils FRNT, First State-Backed US Stablecoin

Wyoming on Tuesday introduced the Frontier Stable Token, or FRNT
Tether Hires Former White House Crypto Adviser Bo Hines for US Push
Tokens

Tether Hires Former White House Crypto Adviser Bo Hines for US Push

Stablecoin giant Tether said on 19 Aug. it has hired Bo Hines, the former executive director of the White House Crypto Council in the Trump administration, as strategic advisor for digital assets and United States strategy.
BitMine Immersion Amasses $6.6B Ethereum Hoard, Tops Corporate Holders
Blockchains

BitMine Immersion Amasses $6.6B Ethereum Hoard, Tops Corporate Holders

BitMine Immersion Technologies said its Ethereum trove has swelled to roughly 1.52 million tokens worth about $6.6 billion