(source: en.wikipedia.org)
The easiest way to misunderstand memecoins is to take the joke too seriously. The second-easiest way is not to take the market seriously enough. Memecoins have made some of their backers tremendously wealthy, and they have also handed out big losses to many of their...
Stablecoins have drawn attention for how they move money. Custody may prove to be the business that help solidify banks’ positioning in the institutional market. Traditional financial institutions (FIs) already possess traits corporate treasurers value: regulated custody, established payment infrastructure, treasury services and long-standing client...
Sony Bank has received conditional approval to launch a U.S.-based stablecoin bank. The Japan-based financial institution this week announced it had a tentative green light from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The new business, known as...
Nium has acquired Cypher to further develop Nium as the core infrastructure layer for compliant money movement and value exchange that bridges fiat and digital assets. The acquisition brings together Nium’s cross-border payments infrastructure and Cypher’s crypto-native non-custodial wallet and issuing capabilities, Nium said in...
CLARITY Act advocates continue to press for the bill’s passage as an Aug. 7 deadline approaches. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig said Wednesday (July 8) that “we’re so close” and that it is critical to have a federal standard for crypto assets rather than...
Europe just stood up financial services’ newest compliance perimeter. And barely over one week into the European Union’s Markets in Crypto Assets (MiCA) regulation taking force, the freshly erected walls are already having an impact. Because the EU did not just regulate stablecoins; it divided...
A payments company owned by Trump family cryptocurrency firm World Liberty Financial is up for sale, The Wall Street Journal reported Wednesday (July 8). AI Financial is in discussions to sell its core business to blockchain technology company Perpetuals.com, according to the report, which cited...
The cryptocurrency sector has reportedly begun preparations to defend against quantum computing-related threats. That’s according to a report Wednesday (July 8) from Reuters, which says this comes as advances in the technology have led to concerns that it could bypass the cryptography protecting crypto transactions and digital...
On June 30, an independent company called Open Standard launched a dollar stablecoin, Open USD, and 140 of the biggest names in money signed on. Visa. Mastercard. BlackRock. BNY. Coinbase. Stripe. Circle’s stock fell as much as 17% the same day, which tells you the...