Strike Expands to 65 Countries, Demand for Tokenized Bonds, and Web5: The Latest in Crypto
1. Bitcoin Payments App Strike Expands to More Than 65 Countries From Three
Strike, a Bitcoin-focused payments firm, is extending its reach beyond the U.S. and El Salvador to over 65 countries. The firm, led by CEO Jack Mallers, offers global payment and cross-border money transfer services using Bitcoin and Lightning. For more details, click here.
2. Tokenized Treasury Bonds Attract Crypto Investors
The demand for tokenized U.S. Treasury bonds is on the rise as high yields in traditional financial markets are attracting fresh capital from crypto investors. The combined market cap of tokenized money market funds is approaching $500 million, quadrupling in size this year. Learn more here.
3. Jack Dorsey-backed TBD Launches New Web5 Toolkit
TBD, a division of Jack Dorsey’s fintech company Block, has launched an open-source toolkit for its Web5 project. The toolkit is designed to aid developers in creating decentralized Internet applications. Discover more about this development here.
4. Coinbase Praises Canada’s Crypto Approach
Coinbase applauds Canada's proactive and engaging approach to crypto regulation, particularly as regulatory pressure in the U.S. intensifies. With rules set out and active engagement with regulators, Canada's crypto landscape is proving to be business-friendly. Read more here.
5. Blockchain Thrives Independently of Crypto's Woes
As regulators tighten their grip on cryptocurrencies, blockchain technology continues to thrive in various applications, gradually decoupling from crypto's volatility. Blockchain is slowly carving out its niche as a digital ledger, even as crypto faces increasing regulatory scrutiny. For a deeper dive into this topic, click here.
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