Luno CEO James Lanigan warned that South Africa’s proposed Capital Flow Management Regulations could severely harm the country’s economic competitiveness by restricting stablecoin use. Key Takeaways: National Treasury and SARB extended the draft regulations comment deadline to June 30, 2026, after a backlash. Luno CEO Lanigan warns the rules could block firms from using a
Michael Saylor spent nearly seven minutes at the $BTC Prague 2026 conference this week explaining the meaning of the term “multiple-to-Net Asset Value” or “mNAV.” However, the clip of Saylor’s rambling response went viral for the wrong reason. Almost nobody could follow the answer. The length and complexity of the definition was also humorous given
Elon Musk’s SpaceX is just hours away from launching the biggest IPO in history, while seeking to raise $75 billion. Demand has already exceeded supply by nearly four times. Now, investors are wondering where the money will come from. If investors sell their existing holdings to secure a Space IPO, that could create a liquidity
Robbie Petersen, a partner at the crypto-focused venture capital firm Dragonfly Capital, has departed the firm to join a16z Crypto, the digital assets arm of Silicon Valley heavyweight Andreessen Horowitz (a16z). The move marks another high-profile personnel shift within the increasingly competitive landscape of cryptocurrency venture investing. A Vote of Confidence in Blockchain Fundamentals In
South Korea retained its position as the world’s second-largest cryptocurrency market in the first quarter of 2024, with an estimated trading volume of $69 billion, according to a report from U.S. blockchain analytics firm TRM Labs. The data, cited by the Seoul Economic Daily on June 11, places the United States firmly in the lead
Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain. The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas,
In brief The IMF said crypto flows in Nepal grew markedly between 2019 and 2024 despite a legal ban, peaking above 13% of GDP in 2021. It urged Nepal to regulate crypto under international standards, warning of capital-control evasion and deposit outflows. An expert told Decrypt that trading and remittances keep crypto alive in banned
Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure. A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at around $2 billion, according to
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1687.72, up 1.6% (+26.8) since 4 p.m. ET on Wednesday. All of the 20 assets are trading higher. Leaders: UNI (+4.5%) and SOL (+2.6%). Laggards: CRO (+0.3%) and NEAR