Though we’re still waiting on a lot of the formal rulemaking and proposed rulemaking from the federal securities and commodities regulators, last week’s memo is another sign that the SEC and CFTC are at least serious about signalling these efforts are coming. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of […]
ClearBank, a crypto-friendly neobank and regulated provider of Faster Payments in the U.K., plans to join the Circle Payments Network (CPN), linking its cloud-native banking platform to Circle’s blockchain-based infrastructure to speed up cross-border payments and offer access to regulated stablecoins. The move follows a new strategic agreement between the U.K.-founded clearing bank and Circle […]
Copper Research says usage of the Canton Network, a blockchain built for regulated finance, has quietly surged, with validator activity now including major U.S. exchanges alongside banks and infrastructure firms. Just over a year after launch, Canton has reached a scale unmatched by prior institutional blockchains, thanks to backing from Goldman Sachs (GS), HSBC (HSBC)and […]
Sony’s blockchain division is bringing Japanese social media giant LINE into the web3 world, with plans to adapt several popular mini-apps onto Sony’s Soeneium network, the company announced Wednesday. LINE reports approximately 200 million active users across its platform, and the agreement will bring four LINE-based games, or “mini-apps,” to Soneium: Sleepagotchi, Farm Frens, Puffy […]