Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Sheikh Tahnoon’s group reportedly backs a 49% stake in the holding company behind World Liberty’s conditionally approved US trust bank. Grayscale argued that Zcash could challenge Bitcoin’s network effects as financial privacy gains importance, while the UK moved to expand the Bank of England’s mandate to stablecoins and payments innovation.

An Abu Dhabi royal and his co-investors reportedly back the largest stake in the holding company behind World Liberty Financial’s proposed US trust bank. 

Citing people familiar with the matter, the Wall Street Journal reported that Sheikh Tahnoon bin Zayed Al Nahyan’s group is behind StringZ Holding RSC, which owns 49% of WLTC Holdings. An entity affiliated with US President Donald Trump’s family owns another 38%, one person told WSJ.

Read more