Recent macroeconomic shifts and improvements in technology for secure custody, trading and settlement have made investment in tokenized treasuries, private equity and debt that much more attractive. Ultimately, it’s regulatory clarity and property rights enforcement that will make 2024 the year of RWAs. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin and Ethereum have started Dec. 18 in the red, down 2.53% and 3.67%, respectively. However, the newly launched Bitcoin Minetrix is outpacing other cryptos as its presale surges past $5.4 million. Bitcoin and Ethereum dip at local tops amid extreme transaction fees Bitcoin Ordinals took center stage recently, with the prices of related projects climbing astronomically. Meanwhile, ordinal-related activity on the Bitcoin Network has also been soaring, causing…
Federal judges won’t be hurried into ruling on the weighty questions of defining tokens as securities. And if the commission led by crypto adversary Gensler chooses to make everything last as long as possible, delay costs the industry more than it costs the SEC’s legal team. In the meantime, the SEC and the Internal Revenue Service each have proposed rules awaiting finalization that could rock the industry. The SEC just released an updated rulemaking agenda, and it’s currently targeting April 2024 for finalizing a rule that would require investment advisors…
The first offering of Bybit’s Crypto Ark Space is the Crypto Ark Trading Academy, which will run every Thursday from 7:00 pm to 8:30 pm. The Bybit cryptocurrency exchange, a top-rated crypto firm with more than 20 million registered global users, has announced plans to ensure a seamless web3 adoption through its Crypto Ark Trading program. According to the statement, Bybit’s Crypto Ark has embarked on a journey to reshape the future of crypto collaboration beginning with its headquarters in Dubai. Moreover, Bybit’s Crypto Ark is focused on bringing together…
According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading. For as long as the crypto industry has existed, it has pursued institutional support. Considering the fact that the crypto industry operated on the fringes of the mainstream financial world for so many years, institutional support would mean both more financial benefits and public validation. Well, according to Goldman Sachs, 2023 saw significant progress in institutionalizing the crypto industry. Goldman Sachs: How Crypto Went Institutional Goldman Sachs notes that…
Publicly traded Bitcoin (BTC) mining firm Cipher Mining (CIFR) is scaling operations with a new mega-purchase of cryptocurrency mining devices. Cipher will buy 37,396 units of Antminer T21 miners from the Chinese crypto mining giant Bitmain under a new agreement, the firm announced on Dec. 18. The new mining equipment to be bought is expected to deliver 7.1 exahashes per second (EH/s) of self-mining capacity by the first half of 2025, the announcement notes. According to Cipher CEO Tyler Page, the purchase will allow Cipher to build its first 135…
Keywords Studios said that the team, consisting of Andy Norman, Rocco Loscalzo, Vaughan O’Brien, and Roger Cheung, will continue to lead the business after the successful completion of the acquisition. Keywords Studios, an infrastructure solution provider for game and entertainment services, has acquired a unit of the SoftBank-backed metaverse platform Improbable for £79.5 million, approximately $97 million. In an official announcement on December 18, the company said it had purchased The Multiplayer Group Ltd (MPG), a separate unit of Improbable focused on game development outside the metaverse. Keywords Welcome MPG…
Tokenized finance took off this year. 2024 promises growth in new directions, say Collin Erickson and Mac Naggar of the RWA.xyz research team. Source
Ripple CEO Brad Garlinghouse has publicly announced the company’s intent to support “pro-crypto’ candidates during the 2024 United States election season. The company is among a group to have pledged a total of $78 million to support the Fairshake political action committee (PAC). Fairshake announced that prominent industry firms and players had contributed to a significant “war chest” to back candidates who support American crypto and blockchain innovation and responsible regulation in the upcoming 2024 elections. The list includes individuals like Coinbase CEO Brian Armstrong, Tyler and Cameron Winklevoss, Circle, Coinbase,…
The fund, called the Metis Ecosystem Development Fund (Metis EDF), will allocate 4.6 million METIS tokens, which will all go to “sequencer mining, retroactive funding, deployment of new projects and other endeavors,” according to a press release shared with CoinDesk. Source