US Bitcoin reserve is possible to achieve but not without downsides
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.This post was originally published on this site
DeFi on the way to having ‘bank-like’ financial products — Mercuryo CEO
Mercuryo CEO Petr Kozyakov said many consumer apps would emerge before widespread institutional adoption comes to DeFi.This post was originally published on this site
Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […]
ParaFi Capital to tokenize $1.2B fund on Securitize
ParaFi Capital will tokenize part of its $1.2 billion portfolio using the Avalanche blockchain and tokenization platform Securitize.This post was originally published on this site
BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses
BlackRock’s IBIT Bitcoin fund had its biggest inflow day since July 22 as Bitcoin slipped back under $64,000 following a weekly rally.This post was originally published on this site
DTCC, Chainlink complete fund data tokenization pilot with U.S. banks
The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved.This post was originally published on this site
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds. This post was originally published on this site
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds. This post was originally published on this site
Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC
Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts of BTC and BNB. Binance Executes Dual Crypto Moves on Thursday: What’s Behind the […]
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured […]