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What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
10.9.2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend the characteristics...
JPMorgan Mulls Blockchain-Based Deposit Token, Report
10.9.2023
America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different from its existing JPM Coin as it could be used...
IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request
9.9.2023
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...
Surge in Digital Asset Management: Study Shows Nearly 50% of Asset Managers Now Handle Crypto
8.9.2023
Close to half of asset managers currently have digital assets under management, according to a new study. Firms large and small are implementing crypto strategies for clients and expanding offerings. Asset Managers Embrace Crypto: 48% Now Manage Digital Assets The study by digital currency data...
LBRY Gears Up to Contest US Securities Law Violation Ruling
8.9.2023
In a recently filed court document, blockchain-based publishing company LBRY has signaled its intent to challenge a New Hampshire district court’s verdict. This ruling, made in November 2022, concurred with the U.S. Securities and Exchange Commission (SEC) stating that LBRY presented...
Taiwan Crypto Watchdog to Issue 10 Guiding Principles for Virtual Assets in September: Report
8.9.2023
The East Asian country plans on setting out that crypto businesses should keep customers payments separate from their own tokens and that unregistered overseas firms should not solicit business in the country
Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding
8.9.2023
The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
Tokenization News Roundup: the 'Next Trillion'
7.9.2023
Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications
7.9.2023
The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These...
Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain
7.9.2023
Founding members such as Coinbase, Circle and Aave Companies aim to foster the use of blockchain technology for traditional assets
IMF, FSB release joint policy recommendations for crypto assets
7.9.2023
The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi)
Failed Crypto Lender Celsius Attempts to Recoup Assets From EquitiesFirst Holdings
7.9.2023
Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.
The complaint was filed in a sealed bankruptcy document on Sept. 6, seeking injunctive relief and...
$500B Korean Asset Manager Taps Polygon Labs to Develop Tokenized Securities Network
7.9.2023
Mirae Asset Management teams up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adopt of Web3 technologies
Celsius Network files 'adversary complaint' against EquitiesFirst
7.9.2023
Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto
Ex Celsius CEO Mashinsky Assets Frozen by Court – Here's the Latest
7.9.2023
A federal court has ordered assets and bank accounts belonging to Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius to be frozen.
A court filing on Sept 5 revealed that a judge in the Southern District of New York signed off the request to freeze Mashinksy's assets as the criminal...
Analyst Predicts SEC Will Approve First Spot Bitcoin ETF by Mid-March Next Year
7.9.2023
Asset management firm Bernstein has predicted that the U.S. Securities and Exchange Commission (SEC) will approve its first spot bitcoin exchange-traded fund (ETF) between mid-October and mid-March next year. The firm’s analyst believes that “the crypto ETF opportunity won’t...
Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets
6.9.2023
EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...
FASB Says Crypto Assets Should Be Marked at Current Values
6.9.2023
The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB)