Indonesia Joins BRICS: Brazil Confirms, China Extends Congratulations!

Indonesia has officially joined the Brazil, Russia, India, China, and South Africa alliance (or BRICS) economic bloc, marking a historic step. According to a Reuters report, the accession was confirmed on 6 January 2025 by Brazil, the current chair of BRICS. In an official statement, BRICS highlighted Indonesia’s strategic importance and said, “As the largest … Read more

Standard Chartered to Offer Crypto Custody in EU with New Luxembourg Entity

Standard Chartered has established a new entity in Luxembourg to provide secure crypto and digital asset custody services across the European Union. Laurent Marochini, former innovation head at Societe Generale, has been appointed to lead the Luxembourg entity. Competing with financial giants like BNY Mellon and Fidelity, Standard Chartered aims to capture market share in … Read more

Polkadot parachain Phala network launches Ethereum layer-2 network

Polkadot-based parachain Phala has launched its Ethereum layer-2 network to expand its reach. The move continues the trend of new rollup networks on Ethereum and marks an advancement in rollup infrastructure. According to its announcement, Phala collaborated with zero-knowledge (ZK) proofs infrastructure provider Succinct Labs and rollup-as-a-service platform Conduit on the launch. Through the partnership, … Read more

Thumzup Media Buys $1 Million Worth of Bitcoin

Another publicly traded U.S. firm adds bitcoin to its balance sheet with Thumzup Media’s $1 million purchase. Thumzup Wants to Hold 90% of its Liquid Assets in Bitcoin Thumzup Media Corp., a publicly traded firm in the U.S. announced the acquisition of 9.783 BTC worth about $1 million with an average price of $102,220 per … Read more

The path to creating seamless cross-layer interactions

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world of decentralized computing stands at a critical juncture. Chain diversity, while impressive, has presented users and developers with a fractured world of options that are not as scalable or dependable … Read more

BNB’s Strategic Reserve Future Uncertain: CZ Addresses Whitepaper Oversight

On January 9th, 2023, Binance CEO CZ took to the X platform to address concerns surrounding the BNB whitepaper. He highlighted that the document did not foresee the potential incorporation of BNB as a strategic reserve asset. CZ emphasized the unpredictability of the crypto market, stating that he can merely adapt to ongoing developments rather … Read more