Author: Yeek.io

Key Takeaways: Brazil’s mega bank Itaú Unibanco is exploring a stablecoin launch. Itaú sees stablecoins as a way to enable atomic transactions, minimizing fraud risks. The bank remains cautious as Brazil’s central bank reviews a draft proposal that could restrict stablecoins. Itaú Unibanco, Brazil’s largest bank—with over 55 million customers—is exploring the creation of a stablecoin. A local news report on April 1 quoted Guto Antunes, the bank’s digital assets head, who spoke about the development at a São Paulo event. The bank sees potential in stablecoins for enabling atomic transactions that reduce fraud risk, but is proceeding cautiously as…

Shiba Inu price continued its downward trend and neared a crucial support level even after Shibarium crossed a major milestone. Shiba Inu (SHIB), the second-biggest meme coin, dropped to $0.00001215, its lowest level since March 14, and 23% below its highest swing this year.  The decline happened after Shibarium, its layer-2 network, crossed the 1 billion milestone in terms of transactions. This is notable since the network had 948 million transactions on the same day last month.  Shibarium is also nearing another milestone in terms of total addresses. It currently has 194.59 million, suggesting it may cross the 200 million…

Quick take: The funds will be offered across Arbitrum, Base, Avalanche, Ethereum and Optimism blockchains. The chain-agnostic platform allows customers to use the various chains without ever needing to leave their original networks. The launch follows increased interest from the firm’s institutional clients for tokenised assets, the WisdomTree team told Blockworks. WisdomTree has rolled out 13 tokenised funds through its chain-agnostic Connect platform. The exchange-traded funds and investment management company said the funds will be available on the Arbitrum, Base, Avalanche, Ethereum and Optimism blockchains. WisdomTree Connect allows customers to use the various chains without ever needing to leave their…

Following a new partnership between Centiglobe, the cross-border payment infrastructure solutions provider, and Mastercard Move, Mastercard’s portfolio of global money movement solutions, customers using Centiglobe’s blockchain-based payments platform will now be able to use Mastercard Move through a single integration.By integrating with Mastercard Move through the Centiglobe payments platform, banks and payment service providers gain access to a broad range of money movement options, enabling them to scale their cross-border payment operations efficiently.With Centiglobe’s blockchain-based platform powered by tokenised deposits, financial institutions can unlock new revenue streams, optimise liquidity management, minimise transaction costs, and reduce counterparty risk. Unlike traditional cross-border…

Tron founder Justin Sun has once again become the center of a high-stakes financial dispute, this time accusing Hong Kong-based financial firm First Digital Trust (FDT) of misappropriating nearly $500 million in client reserves. Sun, who played a key role in providing emergency liquidity for TrueUSD (TUSD) in 2023, has now reported the case to Hong Kong authorities, alleging severe financial misconduct that has left FDT “effectively insolvent.”Sun’s allegations, made public through an X post, follow an ongoing legal dispute between TUSD issuer Techteryx and FDT. I met with Hong Kong Legislative Council member Johnny Wu and reported the embezzlement…

The cryptocurrency sector evolves rapidly since new initiatives launch as significant competitors for the next big cryptocurrency. The crypto investment community continuously searches for the next big crypto coin, which demonstrates potential for extensive expansion with mass market acceptance. The emerging cryptocurrency projects AurealOne and DexBoss target different fast-growing fields which include gaming and decentralized finance (DeFi).Understanding Crypto Pre-Sales: A Gateway for Early InvestorsA person seeking crypto coins to invest in should consider participating in crypto pre-sale programs. The pre-sale mechanism permits investors to purchase platform tokens before public exchange listing occasions at decreased prices. Project development achieves its funding goals…

Homepage > News > Business > UK trade bodies ask gov’t to follow US digital asset footsteps A group of British trade associations have appealed to the United Kingdom Government for greater “strategic focus” on digital assets and appointing a “special envoy” dedicated to the sector. In a March 31 letter, the cohort of six U.K. digital economy trade bodies wrote to Prime Minister Kier Starmer’s Business and Investment Special Advisor, Varun Chandra, to “highlight the value proposition of the digital asset and wider blockchain ecosystems” and urge the government to “remain proactive and competitive to attract businesses, talent, and capital.”…

Market makers’ blockchain transactions point to a potential $3 million arbitrage opportunity related to the depegging of the FDUSD stablecoin.The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2, after Tron founder Justin Sun claimed that the stablecoin issuer was insolvent.Market marker Wintermute transferred over 75 million FDUSD tokens back to First Digital within a day since the stablecoin depegged to $0.87.Source: Lookonchain“Since $FDUSD depegged, #Wintermute has transferred 75M $FDUSD to First Digital Labs,” wrote blockchain intelligence platform Lookonchain, in an April 3 X post, adding:“They likely bought $FDUSD at a discount during the depeg and redeemed it 1:1…

Datagram has launched its Core Substrate, a decentralized connectivity baselayer designed to support scalable, real-world decentralized applications and DePIN infrastructure Announced on April 3, Datagram’s Core Substrate offers developers a live, plug-and-play alternative to centralized cloud solutions, crypto.news can exclusively report. The feature is now live and in active partnership discussions with leading blockchain ecosystems. The platform allows developers to launch custom DePIN networks and real-world applications on a dedicated, scalable node network, without the complexity typically associated with Web3 integration. The ‘foundation’ of other DePins The new substrate positions Datagram as a foundational layer for the DePIN space, comparable…

Tavernlight Games has officially launched the $QUEST for its MMORPG title RavenQuest on April 3 via Immutable zkEVM, following the game’s public release on PC just three weeks prior on March 14.This comes after a notable early performance from the game, which has recorded over 1.74 million in-game transactions, more than 1.65 million Twitch views, and over $349,000 in NFT volume.Unlike other blockchain games, the $QUEST token is launching into an already active live game environment and its functions are tied to in-game systems from the outset. Source: RavenQuestWhat is $QUEST?$QUEST is the primary utility token within RavenQuest, used for…