Changpeng “CZ” Zhao is pushing back on the idea that he had business ties to President Donald Trump’s family, calling the claims a full-on misunderstanding. Speaking at the World Economic Forum in Davos, CZ told CNBC, “There’s no business relationships whatsoever.” He said people were reading too much into the events that followed his 2025
According to analysts, the Federal Reserve’s next chairman nominee could be announced publicly this weekend. Analysts at the US-based financial news site InvestingLive stated that the latest information they received regarding the FED chairmanship process was shared last week, and at that time it was reported that Donald Trump could make his decision before or
A consortium of 10 European banks has established a company called Qivalis to launch a euro-pegged stablecoin, according to an announcement from the group. The initiative aims to provide an alternative to U.S. dollar-dominated digital payment systems. Summary Major European banks have formed a consortium called Qivalis to launch a euro-pegged stablecoin, aiming to counter
Cathie Wood’s ARK Invest has filed with U.S. regulators to launch two crypto index exchange-traded funds tied to the CoinDesk 20 index, marking the firm’s first push into broad crypto exposure beyond Bitcoin. Summary Wood’s latest move marks her firm’s first push into broad crypto exposure beyond Bitcoin. The proposed ETFs would track the daily
Stablecoins moved more than $35 trillion on blockchain rails last year, but only about 1% of that was for real-world payments, according to a new report by the consultancy firm McKinsey and the blockchain data firm Artemis Analytics. Their analysis estimated that only $380 billion of activity reflected actual payments, such as paying suppliers, sending
Stablecoins are increasingly being used across Africa as a cheaper and faster remittance option, with remittances becoming “more important than aid” on the continent, according to Vera Songwe, a former UN under-secretary-general. Speaking at a World Economic Forum panel in Davos, Switzerland on Thursday, Songwe said traditional money transfer services in Africa often cost about
The Dow Jones Index remained in a tight range near its all-time high of $49,705 as traders waited for the first Federal Reserve interest rate decision of the year and the Magnificent 7 earnings. Summary The Dow Jones Index has formed a rising wedge pattern on the daily chart The Federal Reserve will deliver its
Cryptocurrency payment company Ripple is preparing to challenge traditional financial giants with its corporate strategy. Eliézer Ndinga, 21Shares’ global head of research and venture partner, said Ripple aims to become the largest investment firm in the crypto sector in the long term, a vision comparable to Warren Buffett’s Berkshire Hathaway. Ndinga stated that Ripple is
Adjusted stablecoin transfers and payments are just $400B when not accounting for routing and double transactions. The estimate is much lower compared to the reports of $10T to $30T. Real estimates of stablecoin transfers and payments are at around $400M per year, shows the latest data by Artemis. Previous reports of $10T to $30T, rivaling
Table of Contents How Did Ledger Become a $4 Billion Company?Is a $4 Billion Valuation Reasonable?What Are the Ways to Profit?What Could Go Wrong?The Bottom LineFrequently Asked Questions Yes, but the opportunities come with risk proportional to crypto’s famously wild swings. The French hardware wallet maker is reportedly targeting a New York Stock Exchange listing