The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for approving VASPs’ operations in the country. Central Bank of Brazil to Expedite Asset Tokenization […] Source CryptoX Portal
Este artículo también está disponible en español. All eyes are on Ethereum as the crypto market watches closely following Bitcoin’s recent surge. Analysts and investors are now cautiously waiting for Ethereum to catch up, with some fearing that ETH’s performance in this cycle may fall short of expectations. Related Reading Recent price action for Ethereum has shown signs of strength, giving investors confidence that a potential breakout could be near. Ethereum is currently trading within a bullish pattern that, if broken, could lead to a massive surge in the coming weeks. …
State Street sees significant potential in tokenized collateral asset in traditional finance, too. Donna Milrod, the bank’s chief product officer, said in an interview this month that collateral tokens could help mitigate liquidity stress during financial crises, for example allowing pension funds to post money market tokens for margin calls without selling underlying assets to raise cash. Source
And so, somehow, Crypto.com has reached the precipice. If it wins the first “ripeness” issue and is allowed to bring its case, little stands in its way. Its arguments on the merits are strong, and there are few courts more sympathetic to those arguments than E.D.Tex. From there it would go to the Fifth Circuit, the court the SEC fears the most. And then, just maybe, the Supreme Court, where it would have a sympathetic panel and one of the most experienced appellate attorneys in the country to make its…
Following its price increase of more than 12% in the past week to roughly $71.50 on October 16, Litecoin (LTC) is attracting more and more interest. The action followed growing buzz about a planned Litecoin exchange-traded fund (ETF) proposal by Canary Capital Group. Investors are excited, since this ETF may provide a more direct method for investing in Litecoin, allowing both individual and institutional participants to access the market. The S-1 registration statement for the proposed ETF was filed on October 15, requesting permission from US regulators. Numerous individuals regard…
When it came to the technology trilemma, at least in the case of Ethereum, the network was long seen as having strong decentralization and robust security, but seriously constrained when it came to capacity. Today, while the trade-offs between these different priorities have never gone away, blockchains themselves have advanced so enormously that in all three areas, most users consider them to be “good enough.” Source link
Bitcoin’s bullish thesis for trading above $100,000 has only solidified in recent weeks, Bitwise CIO Matt Hougan asserted in a new X post. Bitcoin (BTC), crypto’s sole trillion-dollar asset, will inevitably cross six figures per coin due to a combination of institutional, macroeconomic, and on-chain factors, Hougan explained. Exchange-traded fund expert Eric Balchunas stated that U.S. spot Bitcoin exchange-traded funds surpassed $20 billion in total net flows. The American Bitcoin ETF complex has garnered over $65 billion in assets under management following $1.5 billion in inflows this week. ETFs tracking…
Samson Mow, the CEO of Bitcoin technology firm Jan3, publicly advocated for Germany to adopt Bitcoin as part of its national strategic reserves. In a recent appearance at the German Bundestag, Mow discussed Bitcoin strategies for nation-states, expressing his belief that Germany should acquire 281,267 Bitcoin (BTC) for their strategic reserve. “I hope that Germany is successful in acquiring 281,267 BTC for its future strategic reserves,” Mow posted on X. The initiative reportedly brought together Members of Parliament and Bitcoin supporters to explore Bitcoin’s potential as a financial tool for…
Over the past decade, Bitcoin has emerged as a cornerstone of the digital currency world, with its decentralized ideology transforming the entire landscape of payment and finance. As a cryptocurrency that relies entirely on a decentralized network, Bitcoin has democratized the underlying global payment system, empowering individuals with the freedom to control their own funds. […] Original
Scroll was selected by Donald Trump-affiliated project World Liberty Financial to be the layer-2 blockchain of choice, with a planned deployment along with its debut on Ethereum. (Although as chronicled by CoinDesk this week, initial demand for the project’s new tokens has proven to be minimal relative to the overall amount allocated to a public sale, and at $13 million so far has not even come close to meeting a $30 million reserve needed to cover expenses.) Source