16 / 29 Relevant items tagged with #DigitalAssets
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Crypto hacks increase in 2024, but smart contracts are not to blame
[Jun 7, 2024 5:02 AM] Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.
Report: Kraken Considers IPO Amid Renewed Investor Interest
[Jun 6, 2024 3:45 PM] Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the…
Franklin Templeton Enables USDC Conversions on Benji Investments Platform
[Jun 6, 2024 11:22 AM] Franklin Templeton has announced that users of its Benji Investments platform can now convert USDC stablecoin to U.S. dollars to fund their investment in the Franklin Onchain U.S. Government Money Fund. This development allows institutional wallets…
New law grants US president power to block digital asset access
[Jun 6, 2024 3:04 AM] A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users.
39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon
[Jun 5, 2024 7:32 PM] The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering…
Ripple President Says SEC on ‘Warpath’ With Crypto Industry
Paxos International to issue regulated interest-paying stablecoin
[Jun 5, 2024 2:56 PM] The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States.
SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate
[Jun 5, 2024 12:15 PM] U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance…
Tether announces strategic investment and launch of XAU1 stablecoin
[Jun 5, 2024 4:45 AM] Tether invests $18.75 million in XREX Group and launches XAU1 stablecoin to enhance cross-border B2B payments and regulatory technology.
Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime
[Jun 3, 2024 9:34 PM] The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data…
Coinshares Reports 4th Consecutive Week of Inflows Into Digital Asset Funds
[Jun 3, 2024 12:03 PM] The investment landscape for digital assets continues to brighten, with a fourth consecutive week of inflows totaling $185 million, pushing the total for May to an impressive $2 billion. The latest Coinshares inflow report shows the influx has…
Dubai financial regulator updates crypto token rules for funds
[Jun 3, 2024 5:12 AM] The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.
Crypto Voter Backlash: How Biden’s Veto May Have Cost Him the 2024 Election
[Jun 2, 2024 1:32 PM] After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded…
Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
[Jun 2, 2024 7:01 AM] The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a…
NFT Sales Dip Again: Ethereum Leads as Market Declines by 7.03%
[Jun 1, 2024 8:10 AM] Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03%…
$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period
[Jun 1, 2024 7:16 AM] In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin…
Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets
[Jun 1, 2024 6:22 AM] Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores…
Be persistent with the SEC, says Franklin Templeton digital asset head
[Jun 1, 2024 12:28 AM] The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.
SEC Issues Investor Alert Highlighting 5 Common Crypto Scams
[May 31, 2024 11:33 PM] The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated…
Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies
[May 31, 2024 7:22 PM] A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind…
New York Tightens Customer Service Regulations for Crypto Companies
[May 31, 2024 5:11 PM] The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair…
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox
[May 30, 2024 7:32 PM] U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would…
Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With Trump
[May 30, 2024 3:15 PM] Tesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power…
US pro-crypto super PAC Fairshake gets $25M from Andreessen Horowitz
[May 30, 2024 2:39 PM] The major contribution comes a day after the PAC received an equal amount from Ripple.
Ark CEO Cathie Wood Talks Bitcoin With El Salvador’s President — Applauds His Vision for BTC Hub
Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions
[May 29, 2024 1:36 PM] Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal…
Mastercard Launches Crypto Credential Service for Simplified Cross-Border Transactions
[May 29, 2024 11:27 AM] Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to…
NYSE Partners With Coindesk for Bitcoin-Tracking Financial Products
[May 29, 2024 10:36 AM] The New York Stock Exchange (NYSE) has teamed up with Coindesk Indices to develop cash-settled options contracts that track bitcoin prices. These contracts, based on the Coindesk Bitcoin Price Index (XBX), are currently in the planning stage and…
Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury
[May 28, 2024 6:41 PM] Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held…