Tokenized asset specialist Ondo Finance is evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter. The New York-based company is considering wealthtech targets, among other subsectors, said the person, who spoke on condition of anonymity because the matter is private. Ondo has not yet […]
There are two timelines at war, now. First, the Senate’s own calendar is famously difficult to negotiate, with any contentious bill requiring days of floor time. Each passing hour narrows the legislation’s odds as just seven days remain before the recess, when senators will leave Washington and largely shift focus to the consequential midterm elections […]
“I think we’re going to see a lot of mainstream impact from something tokenized that people can buy that they used to have a hard time getting access to,” Galindo said. “I think that’ll probably be the first way crypto hits the people that aren’t just in it all the time and thinking about it […]
To Richmond, the delay isn’t about regulators moving slowly, but a structural difference between U.S. and Canadian frameworks. “It’s not necessarily just a regulatory thing; just the nature of the rules is different,” he said. Harmonized ‘national instrument’ While there is still work to be done, Richmond is encouraged by the fact that Canadian regulators […]
EthSystems, a startup spun out of the Ethereum Foundation earlier this month, is betting that privacy, not scalability, is the biggest obstacle preventing institutions from moving financial activity onto public blockchains. The company, which emerged from the Ethereum Foundation’s Institutional Privacy Task Force, is building confidentiality infrastructure for banks, asset managers and governments looking to […]
Bottom line: Clarity isn’t likely to come up for voting before next week — the final days before the chamber’s summer break is set to start on August 8. The hotly debated market structure bill isn’t yet ready for a vote, anyway, as the parties continue to try to seek a compromise on a contentious […]
Perpetual swaps, also called perpetual futures or “perps” for short, are the dominant trading instrument in the crypto market, processing an estimated $40 to 50 trillion a year in volume. They dwarf spot trading, and they are the product that professional traders, hedge funds and retail speculators reach for when they want leveraged exposure to […]
POSCO International, South Korea’s largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between its global subsidiaries. The company, which generated $22.2 billion in revenue last year from businesses spanning steel, energy and battery materials, is working with LG CNS, the technology arm of LG […]
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Friday reminding the businesses that they shouldn’t cut corners with far-ranging contract certifications meant to encompass a wide array of events. The […]
Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, according to Interfax, will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate […]
North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of the DPRK and Foreign Trade Bank, diverted foreign currency and […]
Poised to become the world’s most prominent “real humans’ network”, the project previously known as Worldcoin aims to establish an identity layer to distinguish unique individuals from automated bots. The protocol relies on custom hardware, known as an Orb, to issue credentials without compromising user privacy. “World’s technology and proof of human and variations are […]