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Argentina launches blockchain-powered national digital ID

Buenos Aires, often viewed as the heart of Argentina, has taken a significant leap forward in modernizing its government services.…

Damilola Lawrence Damilola Lawrence October 1, 2023
EU
Blockchain News

EU set to adopt a blockchain-based digital identity system

The European Union (EU) is currently working on a blockchain-based digital identity…

Owotunse Adebayo Owotunse Adebayo March 27, 2025
El Salvador Acquires 11 More Bitcoin, Raising Reserves to 6,067 BTC
Blockchain News

El Salvador Acquires 11 More Bitcoin, Raising Reserves to 6,067 BTC

El Salvador added 11 new bitcoins to its national reserves while continuing…

John Palmer John Palmer February 4, 2025
Hamster Kombat Token Mint May Strain the TON Blockchain
Blockchain News

Hamster Kombat Token Mint May Strain the TON Blockchain

The Hamster Kombat token mint will commence on September 26 at 10:00…

John Palmer John Palmer September 26, 2024
Ether Dump Incoming: Whales Move 8.5K ETH to Centralized Exchanges
Blockchain News

Ether Dump Incoming: Whales Move 8.5K ETH to Centralized Exchanges

Ethereum (ETH), the second-largest cryptocurrency, recently surged following the Federal Reserve’s decision…

John Palmer John Palmer September 23, 2024
EA Survey Reveals Potential Future Expansions for The Sims 4
Blockchain News

EA Survey Reveals Potential Future Expansions for The Sims 4

Electronic Arts (EA) has launched a player survey that hints at future…

John Palmer John Palmer September 21, 2024
TON Surpasses $1B in Native USDT as Weekly Users Increase
Blockchain News

TON Surpasses $1B in Native USDT as Weekly Users Increase

The Open Network (TON) has reached a significant milestone, with its Tether…

John Palmer John Palmer September 20, 2024

Latest News

America Is Going Big on Crypto as Policy Shift Gains Momentum America is going big on crypto as the current administration takes a firm stance to lead the global digital asset economy. U.S. Treasury Secretary Scott Bessent confirmed the shift in strategy during an interview with Bloomberg, marking a clear break from past regulatory resistance that stifled industry growth. Bessent emphasized that the administration will focus on strengthening anti-money laundering standards, particularly for stablecoins, while encouraging innovation through clearer regulations. He stated that digital asset firms need regulatory certainty and that the government is actively working to provide it. Stablecoins could inject trillions into treasuries Bessent projected that stablecoins could drive as much as $2 trillion in demand for U.S. Treasuries and government bills. This estimate represents a significant increase from the current $300 billion and could provide a strong liquidity boost to traditional financial markets. The Treasury Secretary noted that such a transformation could occur without sacrificing regulatory oversight, adding that a clear framework would improve market confidence and transparency. Momentum is also building in Congress, where a bipartisan stablecoin bill has cleared a procedural hurdle in the Senate. Lawmakers voted 66–32 to end a filibuster, paving the way for open debate. The breakthrough came after crypto-supportive Democrats, led by Senators Kirsten Gillibrand and Angela Alsobrooks, agreed to remove provisions blocking former President Donald Trump from profiting through family-held crypto assets. Although the final vote may not occur until after the Memorial Day recess, the bill is expected to offer long-awaited regulatory clarity. It could end years of legal uncertainty for stablecoins and encourage greater institutional involvement in the sector if passed. Financial system reform in focus Beyond digital assets, Bessent signaled a broader transformation of the financial system. He revealed that regulators are nearing the end of discussions to remove the supplementary leverage ratio rule for banks trading in U.S. Treasuries. The rule, introduced after the 2008 financial crisis, requires banks to hold additional capital for Treasury holdings. Removing it could increase liquidity in the $29 trillion Treasury market and potentially lower yields. The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency are all involved in the talks. Trump positions himself as crypto ally Donald Trump has become known for speaking positively about digital assets. He recently organized a big cryptocurrency dinner for leading TRUMP coin supporters at his Virginia golf club, earning $148 million. Those in office found issue with how the event was put together and the degree of control held by a few. Officials said Biden’s visit was for personal reasons and unrelated to his president duties. America Embraces Crypto After Years of Industry Setbacks edit
America Is Going Big on Crypto as Policy Shift Gains Momentum
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Tesla’s Bitcoin Holdings Now Valued at Over $1.25 Billion edit
Tesla’s Bitcoin Holdings Now Valued at Over $1.25 Billion
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Eventus International Appoints Srinivas Kotni as Legal Adviser for SPiCE: The Reunion
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