Two weeks after it began offering tokenized equities, Robinhood Markets is dealing with continued fallout. A report Saturday (July 12) by Bloomberg examines the brokerage’s struggles in the wake of the new offering, which launched a $1 million giveaway of SpaceX and OpenAI tokens. But...
Bitcoin reportedly hit an all-time high Friday (July 11), driven in part by investors’ optimism around crypto legislation and corporate treasuries’ interest in buying bitcoin. Bitcoin briefly surpassed $118,000 and it rose as high as $118,872.85, CNBC reported Friday. At the time of that report, bitcoin was...
Blockchain solutions provider Insomnia Labs has debuted CreatorFi, a stablecoin-based credit platform for creators. The new offering, announced Wednesday (July 9), launched with a $12 million credit facility from investors including Kamui Finance, and integrates financial tools into the platforms creators are already using, letting...
Kraken and Backed have expanded the availability of their tokenized U.S. equities offering by partnering with blockchain ecosystem BNB Chain. This offering, xStocks, provides users outside the U.S. with onchain access to tokenized U.S. equities, the companies said in a Wednesday (July 9) press release....
The United States can benefit from blockchain technology if regulators embrace its “transparency, speed and programmability,” Chainalysis Co-founder and CEO Jonathan Levin told the Senate Banking Committee Wednesday (July 9). Speaking during the committee’s hearing, “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,”...
Robinhood, a financial brokerage and cryptocurrency exchange, is under scrutiny in the EU for offering tokenized equities of OpenAI after the artificial intelligence (AI) startup disavowed any ties to these assets. The central bank of Lithuania, which is Robinhood’s main regulator in the EU, emailed...
Digital asset platform Mercado Bitcoin plans to tokenize more than $200 million in permissioned real-world assets (RWAs) on the XRP Ledger (XRPL). A key contributor to the XRPL, Ripple, announced these plans in a Friday (July 4) blog post, saying this move marks one of...
One of the overarching themes of 2025, outside of its notable levels of uncertainty, is the convergence of traditional finance (TradFi) and crypto markets. That theme got a shot in the arm this week, with the news Wednesday (July 2) that J.P. Morgan is reportedly...
Investor Anthony Pompliano has launched a bitcoin treasury whose balance sheet would hold $1 billion of that cryptocurrency. This news came Monday (June 23), as Pompliano’s ProCap BTC, a “bitcoin-native” financial services firm, announced plans to enter a special purpose acquisition company (SPAC) merger with...