French bank BNP Paribas has joined a U.S.-based blockchain-powered network overseen by JPMorgan to use digital tokens for short-term trading in fixed income markets, stepping into the $12 trillion market, according to a report by Financial Times Monday (May 23). JPMorgan has attracted more than...
Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable after being moved to two crypto platforms, Bloomberg wrote Saturday (May 14). LFG reportedly bought $3.5 billion of bitcoin between...
Given the unpopularity and slender use of bitcoin as a currency in El Salvador, you’d think that President Nayib Bukele’s decision to spend another $15 million of the nation’s treasury buying more bitcoins on Monday (May 9) — right as the crypto market began to...
There’s a lot of attention being paid to bitcoin’s collapsing price today as it dipped below $31,000. And with good reason. As recently as a week ago, bitcoin pundits were wondering if it was going to push back above $40,000. Now, they’re talking about whether...
The bitcoin-boosting president of El Salvador, Nayib Bukele, has bet the house on the first cryptocurrency. First by making it legal tender and then staking the country’s reputation on the bond market by announcing a bitcoin bond with low interest and a big upside if...
Nukkleus, which works on acquiring and scaling high-potential blockchain, digital and multi-asset businesses for retail and institutional markets, has debuted its new website and brand, which will put the firm’s subsidiary brands under the same suite of assets, a press release said. This comes as...
If you read the crypto press, you’ll find story after story this week about how the number of new bitcoin ATMs crashed this year, with just one-sixth as many installed in April as in December. The thing is, they haven’t. Or at least, those stories...
One of the top non-fungible token (NFT) lines sold off 55,000 NFTs for a record-setting $317 million. The transaction fees for those sales? $4,000 to $10,000. Each. Total cost? $200 million for 55,000 transactions. Welcome to Ethereum, the little blockchain that can’t. Actually, Ethereum is...
WeBank, the Chinese digital bank, announced its new brand, WeBank Blockchain, which will develop financial infrastructure and blockchain technology to promote environmental, social and governance (ESG) investment strategies, a press release said Wednesday (April 27). Nanqing Li, WeBank president, said WeBank “has accomplished two interim...
