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Tether to become a Bitcoin miner with a $500m investment in 2024

Tether Holdings ventures into Bitcoin mining, investing $500 million to establish operations in Uruguay, Paraguay and El Salvador. USDT stablecoin provider Tether is venturing into Bitcoin mining, aiming to position itself as a major crypto-miner in this highly competitive field. The company will invest approximately $500 million in the next half-year,

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CoinShares eyes acquisition of Valkyrie Funds to expand into U.S. crypto ETF market

CoinShares has announced an option to potentially acquire Valkyrie Funds, signaling a strategic move to extend its footprint in the U.S. cryptocurrency ETF landscape, pending regulatory approvals. CoinShares, a renowned name in cryptocurrency investments, has recently announced its plan to potentially acquire Valkyrie Funds, an investment advisory business specializing in crypto

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Singapore’s Central Bank to pilot live CBDC for interbank settlements

The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations. The Monetary Authority of Singapore (MAS) has announced plans to implement a live central bank digital currency

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Deutsche-backed Taurus targets tokenized real estate market with Dubai office

The digital asset infrastructure provider plans to establish a presence in the United Arab Emirates (UAE) and the region’s housing sector as tokenization gains global steam. Taurus, a Swiss-based crypto company, announced a new office in the UAE geared towards tapping a growing narrative around tokenized real-world assets (RWAs) and an

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