R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. The company eliminated positions across different functions and did so to preserve cash during an industry downturn, Bloomberg reported Thursday (Sept. 14). R3 did not immediately reply to PYMNTS’ request...
Can tokenizing real-world assets power the future of connected experiences and streamline global payments? Proponents of Web3 technologies say it can, while other tech-centric observers believe that if an innovation isn’t useful, it won’t be able to scale. But as tokenizing various assets on blockchains...
The London Stock Exchange (LSE) is reportedly planning to launch a blockchain-based digital markets business. Officials at the exchange said this will make LSE the first major exchange offering blockchain-based trading of traditional financial assets, the Financial Times (FT) reported Monday (Sept. 4). Murray Roos, the LSE’s head of...
Four Inc. has partnered with Chainalysis to equip government agencies with the necessary tools to monitor, analyze and combat illicit activities within blockchain networks. This collaboration brings together Four Inc.’s capabilities as a top 100 government contractor and Chainalysis’ blockchain analysis and investigation platform to enhance blockchain analysis...
Grayscale Investments, a prominent crypto asset manager, has won a court ruling that requires the Securities and Exchange Commission (SEC) to reconsider its application for the first bitcoin exchange-traded fund (ETF). This ruling is seen as a setback for SEC Chair Gary Gensler’s efforts to regulate the...
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto. Determining who is truly trying to innovate a new and exciting financial category, versus who is a digital asset scam artist, remains among...
Clockwork, an open-source automation engine for the Solana blockchain, has called timeout. Founder Nick Garfield said on Twitter Sunday (Aug. 27) that the company was stepping away “from active development of the protocol,” with plans to close down Oct. 31. Hi all, bittersweet news today. The team...
The top Democrat on the House Financial Services Committee (HFSC), Rep. Maxine Waters, said she is “deeply concerned” about PayPal’s decision to launch a stablecoin. The launch comes at a time when there is no federal framework for regulating these assets, Waters said in a...
Coinbase is opening its blockchain, Base, to the public on Wednesday (Aug. 9). This general availability launch follows a test phase in which the network was open to developers from February to July, Seeking Alpha reported Wednesday. Before going public, Base had already become the...