Author: Admin-aX9d7
Paul Atkins’ first public event as chairman of the U.S. Securities and Exchange Commission was a crypto roundtable on Friday, where the new agency chief devoted his inaugural speech to assuring the industry that he’ll continue to remake securities policy to favor digital assets innovation.The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering “a rational, fit-for-purpose framework” for crypto.However, in answer to a question from CoinDesk after his speech, Atkins indicated that the…
Cryptocurrency firms and centralized exchanges are launching more traditional investment offerings, bridging the divide between traditional financial and digital assets.With investors seeking more flexible product offerings under one platform, the “line is blurring” between traditional finance (TradFi) and the cryptocurrency space, as the two financial paradigms signal a “growing synergy,” according to Gracy Chen, CEO of Bitget, the world’s sixth-largest crypto exchange.In the wider crypto space, Securitize partnered with Mantle protocol to launch an institutional fund that will generate yield on a basket of diverse cryptocurrencies, similar to how traditional index funds track a mix of stocks.The developments come after…
Global bank Citi has predicted 2025 could be a possible inflection point for blockchain adoption driven by stablecoins, akin to the breakout year artificial intelligence (AI) had with popular application ChatGPT.”2025 has the potential to be blockchain’s ‘ChatGPT’ moment,” the bank’s analysts said in a report published earlier this week.At the center of the Citi’s projection are stablecoins, a class of cryptocurrencies pegged to traditional currencies like the U.S. dollar. These tokens, led by Tether’s $145 billion USDT and Circle’s $60 billion USDC, have seen tremendous growth recently and are increasingly being used for payments and remittances globally.Citi sees the…
More than 19,800 CloneX digital avatars developed by non-fungible token firm RTFKT Studios have reappeared after Cloudflare blacked out the NFTs for apparently violating its terms of service.“This content has been restricted. Using Cloudflare’s basic service in this manner is a violation of the Terms of Service. Please visit cfl.re/tos to learn more,” the message read on April 24.RTFKT’s head of tech, Samuel Cardillo, has refuted claims that it missed a payment, attributing the issue to changes happening with RTFKT’s “current Cloudflare setup.”NFT content creator Wale Swoosh earlier speculated that RTFKT may have subscribed to an inadequate Cloudflare plan for…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. While dozens of public companies currently hold bitcoin on their balance sheets, a world where thousands — yes, thousands — more follow suit is inevitable. At least according to panelists at Bitwise’s Bitcoin Standard Corporations Investor Day. “To everyone wearing an orange tie…It’s good to be on the team with you,” Strategy founder Michael Saylor told the Thursday event crowd. He then wanted the Pier 59 window shades lowered to prevent light from obfuscating his PowerPoint presentation. As if the bitcoin Gods heard him, they started…
The Solana-based NFT marketplace, Tensor, managed by the Tensor Foundation, is gearing up to launch a governance token named TNSR. The announcement was made public by the foundation of this through a post on a social media platform with generated curiosity among the communities of cryptocurrency and NFT. The shift is in line with the trend of decentralized governance in the digital asset space, where users and stakeholders have more power and influence over the direction of the platform. Growth in Trading Volume The announcement from Tensor is a result of remarkable trading activity on its platform. The foundation has…
Z Squared, a firm that specializes in mining dogecoin (DOGE), the dog-themed memecoin that was propelled to mainstream recognition by Elon Musk in 2021, is merging with biopharmaceutical company Coeptis (COEP).The merger will enable the resulting company to keep DOGE mining operations going, while Coeptis’ pharmaceutical business will be spun out and operated separately. As a result, the firm will become one of the largest publicly-traded companies with a primary focus mining dogecoin and other cryptocurrencies like litecoin (LTC).“Going public provides us with broader access to capital markets to fuel the growth of our mining operations and pursue additional strategic…
Key points:Bitcoin is witnessing a tussle between buy and sell volume as BTC/USD hits its highest levels since the start of March.BTC price action is making traders increasingly wary due to the pace of recent gains.$100,000 is likely to remain out of reach for the short term, multiple commentators say.Bitcoin (BTC) headed into key resistance after the April 25 Wall Street open as doubts over the BTC price breakout persisted.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin sellers and buyers battle for controlData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new seven-week highs above $95,000.Having preserved its yearly open at $93,500…
Dubai’s Virtual Assets Regulatory Authority and the Dubai Land Department have issued a public warning about entities falsely claiming involvement in their real estate tokenization project pilot. Possible Violation of Dubai’s Virtual Assets Regulation The Virtual Assets Regulatory Authority (VARA) has issued a public alert cautioning consumers and market participants about entities misrepresenting their involvement […]
Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined.Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplace trading volume for the last 30 days. According to the data, OpenSea holds more than 40% of the market’s trading volume, while Blur, its largest competitor, is at 23%. NFT platform Magic Eden has a 7.69% market share, while OKX NFTs have a 5% market share. The data tracker also shows that in the last month, almost 70% of the wallets transacting with NFTs engaged with…