JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services.
Stephen Katte
Stephen Katte is an Australia based journalist who joined Cointelegraph in 2022 as a writer on the Asia-Pacific news desk. Previously, he wrote gambling related articles for casinos and covered international news with a focus on the United States. He also covered local Australian news with regional papers under the banner of major media company’s Fairfax Media and Nine. He holds a bachelor’s degree in writing from the University of Canberra. Stephen has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Japan sees launch of its first yen-backed stablecoin, JPYC - News
‘Attack on Bitcoin’ — Bitcoiners slam ‘legal threats’ in soft fork proposal A new Bitcoin improvement proposal calls for a one-year soft fork for Bitcoin while developers resolve the transaction filtering debate, but the language within it has sparked controversy.
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Zcash pumps 30% after Arthur Hayes’ ‘vibe check’ tips $10K target Zcash rallied over 490% in the last 30 days and also crossed the $5 billion market capitalization threshold for the first time on Sunday.
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US energy secretary floats faster direct grid access for AI and crypto miners S. Matthew Schultz, the CEO of Bitcoin mining company CleanSpark, said the new rules would create expedited connections for Bitcoin mining and data centers.
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Another ‘Satoshi era’ wallet from 2009 has awakened and moved Bitcoin The Satoshi-era Bitcoin whale was last active in June 2011, but initially mined its coins between April and June 2009, soon after the network went live.
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Trump on CZ pardon: I’m told ‘what he did is not even a crime’ Following the pardon, CZ said he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.”
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Bitcoin miner debt surges 500% as miners beef up for the hashrate fight Bitcoin miners have taken on $12.7 billion in debt as they invest in new rigs and AI infrastructure to stay competitive in the global hashrate race.
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Young Australians’ biggest financial regret: Ignoring Bitcoin at $400 Young Australians feel they could have made a bigger dent in their property goals if they had invested in cryptocurrency 10 years ago, and now they’re locked out.
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Why most ‘crypto cities’ flop — and the blueprint execs say might work Crypto executives argue that a self-sovereign city powered by cryptographic and decentralized systems is technically possible but would be immensely challenging.
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Retail crypto TXs have doubled on regulatory clarity: TRM Labs Most crypto activity over the last year has been tied to practical use cases such as payments, remittances and preserving value in volatile economic conditions.
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‘Corpo chains’ doomed unless they embrace crypto’s ethos: StarkWare CEO StarkWare CEO Eli Ben-Sasson said corporate blockchains will help with mainstream adoption, but long term, they will be abandoned if they try to retain control.
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Coinbase to US: Embrace blockchain if you want to fight crime on it Coinbase urges US Treasury to fight crypto crime with blockchain analytics, AI and APIs —and to create safe-harbors so firms can deploy them to modernize AML.
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BitMine’s Lee says Ether’s ‘price dislocation’ is a signal to buy BitMine chairman Tom Lee said he expects Ethereum to enter a supercycle, making the current price an attractive risk vs reward purchase.
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88% of crypto airdrops flop, here’s how to break the curse Jackson Denka, CEO of Azura, believes crypto airdrops will eventually take a backseat to IPO’s, but what if there was a way to save them?
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Strategy can buy $100M of Bitcoin within an hour of raising it: Saylor Michael Saylor says Strategy can convert $100 million in capital into Bitcoin within hours — a speed he claims outpaces any other investment class.
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Ripple seeks to buy $1 billion XRP tokens for new treasury: Report Ripple Labs is already a significant XRP holder, with its market report from earlier this year revealing it had 4.5 billion tokens in its stash, with another 37 billion locked in escrow.
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Ghana central bank targets December to have crypto regulations in place It’s estimated that over 3 million people in Ghana, representing roughly 8.9% of the country’s 34 million population, use crypto in some form.
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After a rough year, blockchain gaming sees a glimmer of hope Blockchain gaming has faced a challenging year for funding, according to DappRadar, but a Q3 uptick brings hope, while recent game releases could turn the tide.
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Australia’s financial watchdog may gain power to ban crypto ATMs Minister Tony Burke said the government won’t be pushing for an outright ban on crypto ATMs, but he wants to provide AUSTRAC with the power to implement one.
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Bank of England clarifies plan to limit stablecoins is temporary Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly.
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48 new Bitcoin treasuries popped up in just 3 months: Bitwise Rachael Lucas, an analyst at BTC Markets, said the growing accumulation of Bitcoin suggests “larger players are doubling down.”
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BlackRock CEO sees ‘new wave of opportunity’ in tokenization BlackRock is the largest asset manager in the world, with $13.46 trillion in assets under management and comprising $104 billion in crypto assets.
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Satellites are leaking your data worse than coffee shop WiFi: Researchers Researchers were able to read text messages and even traffic for military systems and infrastructure with just a few hundred dollars’ worth of equipment.
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‘Crowd FUD’ is the best signal for when to buy Bitcoin: Analyst Santiment analyst Brian Q said emotional trading tied to political news is dominating short-term market behavior more than ever.
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US gov shutdown entering 3rd week with ETF ‘floodgates’ ready to burst The crypto industry is awaiting a final decision on 16 crypto exchange-traded funds this month, including funds tracking Solana, XRP, Litecoin and Dogecoin.
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White House reportedly mulling pardon for Binance founder CZ Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.”
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Privacy group urges Ireland to drop work on encryption ‘backdoor law’ The Irish Communications Interception and Lawful Access Bill is still in development, with drafting yet to occur, but the Global Encryption Coalition wants it scrapped now.
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Telegram’s Durov: We’re ‘running out of time to save the free internet’ EU lawmakers have sought to introduce Chat Control, while the UK and Australia are on track for digital ID systems. Pavel Durov warns that these “dystopian” measures must be stopped.
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Uganda launches CBDC pilot as Kenya’s crypto bill passes final hurdle Uganda’s CBDC, a digitized version of the Ugandan shilling, has been deployed on a permissioned blockchain and backed by Ugandan treasury bonds.
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BNB mindshare spikes 251% in a week, as markets eye low-cost chains Rachael Lucas, an analyst at BTC Markets, noted that BNB‘s recent surge highlights growing investor confidence in its long-term prospects.