The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability. Tokenization, which converts real-world assets (RWA) like property and securities into digital tokens, has drawn attention for its ability to streamline transactions and reduce costs. Mechanisms…
VanEck has introduced staking for its Solana Exchange Traded Note (ETN) in Europe, which currently has assets under management (AUM) totaling $73 million. The Solana ETN, which trades under the ticker VSOL, will now enable investors to benefit from staking rewards that will be accrued and reinvested daily. A Non-Custodial Staking Model The announcement was…
SEC chair Gary Gensler pushed back against criticism of the agency’s enforcement-driven regulatory approach to crypto during an interview on Bloomberg Technology on Oct. 22. Responding to criticisms that the SEC has not adapted its approach to the evolving digital asset space, Gensler reiterated the importance of using established laws to protect investors and maintain…
On Oct. 22, Chainling announced the results of its industry-wide corporate actions initiative involving major financial players such as Euroclear, Swift, UBS, Franklin Templeton, and Sygnum Bank. Blockchain ecosystem partners included Avalanche, ZKsync, and Hyperledger Besu networks. The oracle provider successfully demonstrated how artificial intelligence, oracles, and blockchains “can solve a decades-long unstructured data challenge…
Bitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years, following an expansion of its hosting agreement with CoreWeave, according to an Oct. 22 statement. The company confirmed that CoreWeave exercised its final option to secure an additional 120 megawatts (MW) of hosting capacity for its High-Performance Computing…
Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.S. capital markets and banking…
Canadian cryptographer Peter Todd has entered hiding following the release of an HBO documentary that accuses him of being the elusive creator of Bitcoin, Satoshi Nakamoto, according to an Oct. 22 Wired report. The film, called Money Electric: The Bitcoin Mystery, aired on Oct. 9 and claimed to reveal Nakamoto’s true identity after years of…
Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he’s counting on sensible crypto regulations coming soon from the U.S. “There is no place like the U.S.,” he said via video link at DC Fintech Week in Washington.
The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the “world’s first combined equity and debt tokenized fund.”
Minneapolis Federal Reserve President Neel Kashkari has found himself on the wrong end of a backlash after stating that most cryptocurrency transactions involve drugs or illegal activities. The comment from the official, a known crypto skeptic, did not go unchallenged, with several members of the community calling him out for it. Fed Official Says Crypto…