Bitcoin Achieves 20 Millionth Coin Milestone, Ethereum Gains Bank Adoption for RWAs, Amidst Regulatory Challenges for Exchanges
Bitcoin Achieves 20 Millionth Coin Milestone, Ethereum Gains Bank Adoption for RWAs, Amidst Regulatory Challenges for Exchanges
The cryptocurrency landscape is currently a mix of significant milestones and emerging regulatory pressures. Bitcoin has reached a notable achievement with its network producing the 20 millionth coin, reinforcing its core value proposition of scarce and predictable supply, which is increasingly recognized for its appeal in today's economy.
Simultaneously, the Ethereum blockchain is seeing increased adoption within traditional finance, as RedStone's co-founder highlights banks' intent to leverage public chains for Real-World Assets (RWAs). This positive trend in institutional integration contrasts with news of regulatory scrutiny faced by crypto exchanges; South Korean exchange Bithumb is under review for a potential partial business suspension due to alleged negligence in money laundering and customer verification practices. Additionally, the United Nations Development Programme is exploring the broader utility of blockchain technology for public infrastructure, demonstrating its expanding application beyond financial sectors.
Bithumb faces possible six-month partial suspension in South Korea
Crypto exchange Bithumb risks a partial business suspension for negligence around money laundering and customer verification practices, according to local media reports.
How United Nations Development Programme is using blockchains for public infrastructure
A new United Nations Development Programme report outlines how blockchain can support public systems.
Bitcoiners celebrate as the network produces its 20 millionth coin
“A digital money system with transparent, predictable, and ultimately scarce supply... has rising appeal in today’s economy due to fiat currency tail risks," said Grayscale.
Banks will run RWAs on two blockchain rails, says RedStone co-founder
RedStone co-founder Marcin Kaźmierczak says banks are splitting RWA infrastructure between private networks like Canton and public chains such as Ethereum.