Author: NBTC
MEXC announced a $20 million allocation to Ethena’s synthetic dollar USDe and a $16 million in Ethena Labs to fund user incentives to drive stablecoin adoption. On Feb. 26, MEXC crypto exchange announced that it had allocated $20 million to USDe. Additionally, MEXC Ventures, the investment branch of MEXC, has invested $16 million into Ethena (ENA) to be used for user-focused stablecoin-related incentives for users, including opportunities to earn rewards in high-APR staking events. We’re driving #Stablecoin adoption with a $20M investment in $USDe, #Ethena’s synthetic dollar, and $16M in @ethena_labs.And that’s not all – we’re launching a $1M reward…
Saudi Arabia has launched a new Web3 alliance designed to improve the pace of digitization in the Gulf nation, drawing participants from a pool of global and local ecosystem players with streaks of government support. According to a press release report, the new association will support the Saudi government’s existing efforts to improve adoption levels for blockchain technology and Web3 solutions. Dubbed the Web3 Alliance of Saudi Arabia (WASA), the body has its sights set on moving tech adoption in the country, targeting enterprise and individual utilities. Founding members of the alliance comprise industry heavyweights, including The Sandbox, Outlier Ventures,…
Simon Dedic, CEO of Moonrock Capital, recently expressed strong concerns about the legitimacy of Pi Network’s trading activities. He adds to a list of industry leaders concerned about Pi Network’s operational model. Meanwhile, the cryptocurrency project has reportedly amassed up to 65 million users since its inception in 2018-2019. Moonrock Capital CEO Criticizes Pi Network In a detailed post on social media platform X (Twitter), Dedic highlighted several red flags associated with the Pi Network. His primary allegation centers on the authenticity of Pi Network’s trading volume. “My thoughts: This is just a giant Ponzi that faked it till they…
Ukraine’s crypto tax debate continues as officials consider a lower 5-10% rate while others push for standard income taxes of up to 23%. Ukraine is moving toward legalizing the crypto market, with officials considering a 5-10% tax on crypto income to help fund the state budget and military. In an interview with a local news media, Taras Kozak, a member of Ukraine’s securities regulator advisory group, said that tax rates are still being debated, but reiterated that “all citizens income should be taxed.” “I lean toward a small tax — between 5% and 10%. All citizen income should be taxed…
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation Unit or JIU for Virtual Asset Crimes. The unit will include 35 full-time employees with experience dealing with crypto crimes in South Korea, consisting mainly of prosecutors and financial regulators from the the Financial Services Commission and the Financial Supervisory Service. The unit will be led by Chief Prosecutor Park Geon-wook and two deputy chief prosecutors. The body was originally…
Michael Saylor remains a strong proponent of Bitcoin adoption for corporations, encouraging tech giants like Amazon and Microsoft to use Bitcoin for preserving cash reserves. His company has also organized the fifth annual “Bitcoin for Corporations” conference, scheduled for May 6-7, 2025, in Orlando, Florida. Michael Saylor, the co-founder of Bitcoin holding firm Strategy (MSTR), never misses a chance to pitch Bitcoin (BTC) to world leaders, highlighting how the asset is a sound value of money offering economic freedom. On Wednesday, February 26, Saylor pitched BTC to Amazon founder Jeff Bezos as the billionaire talked about “free markets” and “personal…
Binance enables USDC deposits and withdrawals on the Sui Network, boosting liquidity and transaction speed. Users can now send and receive USDC on Sui directly via Binance, avoiding bridges and extra steps. SUI’s higher low signals buying interest, with $3.50 as key resistance and $2.50 as critical support. Binance, the world’s largest crypto exchange, has completed the integration of USDC on the Sui Network, enabling faster and more efficient transactions. The exchange has officially opened deposits and withdrawals for USDC on Sui. This expansion is expected to enhance liquidity, making the network more accessible. Sui’s team acknowledged the development on…
El Salvador has introduced a new artificial intelligence (AI) law to foster innovation while ensuring responsible development and regulatory oversight. On Feb. 28, the country’s National Bitcoin Office confirmed the legislation’s approval, highlighting its role in integrating AI into key sectors while maintaining data security and ethical standards. This new legal framework establishes clear guidelines for AI research and application, making it the first national law to prioritize open-source AI development. It builds on existing regulations, such as the Personal Data Protection Act and the Cybersecurity and Information Security Act, to create a structured environment for AI advancement. However, the…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Japan’s investment firm Metaplanet has issued $13.6 million in 0% ordinary bonds to fund the purchase of additional Bitcoin. Tokyo-listed firm Metaplanet is issuing 2 billion JPY (around $13.6 million) in bonds to EVO FUND, with the funds aimed at purchasing more Bitcoin (BTC) as part of the firm’s ongoing strategy to increase its holdings in digital assets. In a Feb. 27 regulatory filing, Metaplanet said the bonds carry no interest and will be redeemed at face value on Aug. 26. However, the bondholder, EVO FUND, has the option to request early redemption at any time. Early redemption can be…