(source: en.wikipedia.org)
Binance has begun offering customers of its cryptocurrency platform access to stock options. “Stock Options are now live, offering physically-settled options contracts on U.S.-listed stocks and ETFs, giving users the right to buy or sell underlying shares at a predetermined strike price on a specific expiration date,”...
Stablecoins and tokenized deposits can look deceptively similar from the perspective of a corporate user. Both can represent dollars digitally. Both can potentially settle around the clock. Both can support programmable transactions and operate across blockchain-based infrastructure. But economically, they are different products. And banks...
Singapore’s financial regulator is closer to implementing a regulatory framework for stablecoins. The Monetary Authority of Singapore (MAS) on Tuesday (Sep. 1) published new proposed legislative amendments to the Payment Services Act, which would establish ways for stablecoin issuers to become MAS-regulated. “MAS’ proposed legislative amendments will...
An arbitrator has ruled that Gemini Space Station was not responsible for the collapse of its Earn lending program, finding insufficient evidence that the cryptocurrency exchange misled customers or failed to conduct adequate due diligence on its lending partner, Genesis Global Capital, according to CNBC....
Bitcoin wallets that had laid dormant for more than a decade are being revived. Six wallets that were last active between 2011 and 2014 moved around $40 million in the cryptocurrency between Aug. 16 and Aug. 26, CoinDesk reported Sunday (Aug. 30), citing data from...
Cross-border payments company Nium has debuted a stablecoin-focused funding program. USDC funding lets businesses finance their Nium accounts with the USDC stablecoin and pay out in fiat, thus extending the company’s payout network to businesses holding stablecoins, the company announced Thursday (Aug. 27). “For years,...
Interoperability is what the financial space has touted as a prerequisite for stablecoins to reach commercial scale. But, at the same time, the banks, card networks, stablecoin issuers, blockchain operators and infrastructure providers all building that interoperability are each simultaneously competing to control the layer...
South Korea’s Mirae Asset Financial Group is reportedly launching a major push into the digital finance sector. The company is envisioning a 150 trillion won ($109 billion) digital asset business centered around its newly acquired cryptocurrency exchange Digital X, The Korea Times reported Thursday (Aug. 27), citing comments from Mirae...
Federal securities regulators issued a proposal on updated cryptocurrency custody rules for investment advisors. The Securities and Exchange Commission (SEC) sent its proposal to the White House’s Office of Management and Budget (OMB) on Tuesday (Aug. 25) per a post on its website. “This proposed...