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Crypto News
Vanadi Coffee’s Bitcoin Pivot Soured by Exorbitant Board Fees and Shareholder Revolt
Vallecid, a tourism conglomerate that owns nearly 10% of Vanadi’s shares, has filed a petition to renew the board of directors and to monitor the fees some of its members collect each time a financial transaction is executed, which can…
Crypto Traders Compete for 600K USDC, Private Island Grand Prize via Deribit Contest
Deribit and Signalplus opened registration for a five-week trading competition offering a prize pool that scales up to 600,000 USDC. The contest, called “The Island,” starts tomorrow on July 6 at 08:00 UTC and runs through August 10 at…
Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs
Kenya’s National Treasury and cryptocurrency exchanges are in a standoff over a proposed regulation requiring stablecoin issuers to hold at least 30% of their asset reserves in local commercial banks. Protecting the Local Market…
“Everything is Ready”: Russia Finalizes Preparations for Nationwide CBDC Rollout
Elvira Nabiullina, Governor of the Central Bank of Russia, stressed that the main banks and large retail businesses were “ready for the widespread use of the digital ruble. The rollout of Russia’s CBDC is programmed for next September. …
UAE Central Bank Clears DDSC for VARA Platforms, Bringing Dirham Stablecoin to Consumers
The Central Bank of the UAE has granted a no-objection certificate to the dirham-backed stablecoin DDSC, allowing it to list on regulated exchange platforms. Federal Oversight and the Retail Transition The UAE dirham-backed stablecoin DDSC…
SARS Pushes New Crypto Tax Rules for 6 Million Users as Audits Ramp up Across South Africa
The South African Revenue Service (SARS) has published its guidance on the taxation of crypto assets to standardize compliance for an estimated 6 million local users. SARS Targets Six Million Users The South African Revenue Service (SARS)…
Hyperliquid Helps VALR Launch Over 200 Perpetual Markets as Decentralized Liquidity Gains Ground
Crypto exchange VALR is introducing perps, a new derivatives product offering over 200 cross-asset perpetual futures markets. Evolution of the Perpetuals Market Cryptocurrency exchange VALR announced it is preparing to roll out a major…
Visa Launches Stablecoin Pilot With M-Pesa in DRC to Test Cross-Border Transfers
Visa, M-Pesa and Onafriq have launched a pilot program in the Democratic Republic of Congo using U.S. dollar-pegged stablecoins to settle cross-border mobile transactions. Blockchain Meets Mobile Money Financial services giant Visa, mobile…
Former Blackrock Executive Defends Ethereum as Solana’s Validator Count Shrinks to 800
Sharplink co-CEO Joseph Chalom, a former Blackrock executive, has pushed back on claims that Ethereum has a “culture problem,” arguing its 900,000-plus validators and one million-plus developers give it a decentralization edge Solana cannot…
Santiment: XRP Returns Sink to Lowest Levels Since December 2020 as Relief Rally Odds Climb
XRP holders are sitting on some of their steepest average losses in years, according to analytics firm Santiment, a setup it says has historically preceded relief rallies. The average trader is down roughly 47%. A Rare Loss Zone The average…