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Stripe, a global payments platform, is building a new US dollar stablecoin product for companies based outside the United States, the United Kingdom and Europe in a move that may further expand the footprint of the dollar around the world. Stripe CEO Patrick Collison confirmed the product on X, posting an invitation for companies interested …
Continue reading “Stripe opens testing for new stablecoin product following Bridge acquisition”
Semler Scientific has bought approximately $10 million worth of Bitcoin since Feb. 14, the healthcare technology company said in an April 25 statement. The company purchased 111 Bitcoin (BTC) for $10 million at an average price of roughly $90,000 per coin, Semler said. It holds a total of more than 3,300 Bitcoin worth approximately $300 …
Continue reading “Semler Scientific buys another $10M worth of BTC”
In one of his first appearances as the recently sworn-in chair of the US Securities and Exchange Commission, Paul Atkins delivered remarks to the agency’s third roundtable discussion of crypto regulation. In the “Know Your Custodian” roundtable event on April 25, Atkins said he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, …
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US President Donald Trump’s first 90 days in office have been miserable for Bitcoin (BTC) and the broader cryptocurrency industry. Despite positive regulatory developments, culminating in the first-ever White House crypto summit on March 7, digital asset prices have been dragged down by the currents of trade war and fear of recession. However, crypto saw …
Nasdaq has urged the US Securities and Exchange Commission (SEC) to hold digital assets to the same regulatory standards as securities if they constitute “stocks by any other name,” according to an April 25 comment letter. The exchange said the US financial regulator needs to establish a clearer taxonomy for cryptocurrencies, including categorizing a portion …
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New data from RWA.xyz, a platform tracking tokenized real-world assets, shows that six entities are responsible for 88% of all tokenized US Treasurys. The data suggests a concentration among a few funds as the market continues to develop. The largest issuer of tokenized treasures continues to be BlackRock. The company’s tokenized US treasury fund, called …
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Cryptocurrency firms and centralized exchanges are launching more traditional investment offerings, bridging the divide between traditional financial and digital assets. With investors seeking more flexible product offerings under one platform, the “line is blurring” between traditional finance (TradFi) and the cryptocurrency space, as the two financial paradigms signal a “growing synergy,” according to Gracy Chen, …
Continue reading “Crypto firms launch Wall Street-style funds: Finance Redefined”
Recent months have seen the ebb and flow of a certain pattern: US President Donald Trump will take some objectively harmful action to the US economy, and the markets will crash. Seeing this, Trump has turned to Jerome Powell, chair of the Federal Reserve, and now demands he lower the Fed Funds Rate — the …
Continue reading “If Trump fired Powell, what would happen to crypto?”
A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange. According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and …
Continue reading “Nigerian court green lights arrest for six CBEX promoters — Report”
Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation Crypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled. We must return crypto to its …
Continue reading “Ethical finance must guide crypto’s evolution”
