Solana ecosystem, Jito, a crypto staking project, launched its JTO token on Thursday at 11 am ET. The Jito Airdrop distributed a whopping $225 million worth of free tokens to Solana users globally.  Notably, none of the top 14 claiming addresses, ranked by size, had sold any tokens. Jito’s Welcome Airdrop Following a remarkable week for Bitcoin, JTO, Jito’s new […]

Montenegro Justice Minister Andrej Milović has confirmed plans to extradite the beleaguered founder of Terraform Labs to the United States instead of his native country, South Korea. Kwon will answer to charges related to the dramatic and rapid implosion of his TerraUSD (UST) stablecoin and its sister Luna (LUNA) token in May 2022. Do Kwon Extradition To U.S. Confirmed Former […]

Solana Labs co-founder Anatoly Yakovenko recently expressed concerns about the future of Solana Mobile’s “Saga” phone, citing disappointing sales and changing market dynamics. In a conversation on Laura Shin’s Unchained podcast, Yakovenko deliberated on the viability of continuing with the device, which has struggled to meet sales expectations. Saga, initially launched with much fanfare, aimed to carve a niche in […]

Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers’ discretion.  Meanwhile Advisors are targeting a 5% yield on the Meanwhile BTC Private Credit Fund term. By vetting loan recipients, […]

In a detailed post shared with X, formerly Twitter, Gabor Gurbacs, the prominent investment strategist and Director of Digital Asset Strategy at VanEck, detailed the potential that a spot Bitcoin ETF can have on the Bitcoin, XRP, Ethereum, Solana, Cardano, Shiba Inu markets. Using gold, a globally recognized precious metal and long-standing Bitcoin rival, as an example, Gurbacs explained that […]

Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet. Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will be accessible in over 95 countries. Bitkey will feature a two-of-three multi-signature wallet consisting of a mobile key, a hardware key, and a server […]

As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, United Arab Emirates, many projects participated in the climate action effort by launching blockchain-powered initiatives. From Nov. 30 to Dec. 12, diplomats and leaders from across the globe are gathering at Dubai’s Expo City to advance initiatives in climate action. Among those who participated in the event […]

Web3 products and services could benefit from the streamlined user experiences that have been mastered by Web2, according to several industry builders who attended Next Block Expo in Berlin. Speaking to Cointelegraph at the event, Web3Auth senior cryptography engineer Matthias Geihs said Web3 services continue to be hamstrung by clunky login features and the associated responsibility and technicality of wallet […]

One of Russia’s first cross-border payment platforms has officially announced its launch and says it will facilitate local legal entities to process international settlements in cryptocurrency. Exved, a local digital settlement platform — which describes itself as a “digital counterparty search system” — announced the launch on Dec. 7, stating that Russian importers and exporters can now use its business-to-business […]