Category: Exchanges

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

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Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related to the firm’s tokenized mutual fund – as collateral for trading derivatives contracts. BUIDL, which launched in March of this year and stands for BlackRock USD Institutional Digital Liquidity Fund, is a tokenized money-market fund…

US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC)

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The second largest US-based crypto exchange by trading volume is launching a new 1:1 Bitcoin (BTC)-pegged token. According to a new announcement, Kraken just dropped Kraken Wrapped Bitcoin (kBTC), a wrapped BTC token fully backed by the exchange. “We are thrilled to launch Kraken Bitcoin (kBTC), a fully backed, cross-network-compatible ERC-20 representation of Bitcoin custodied by Kraken… kBTC is a fully backed, cross-network-compatible ERC-20 token. Each kBTC token is fully backed 1:1 by an equivalent amount of Bitcoin and held securely in Kraken’s custody.” According to Kraken, the Ethereum (ETH)-based…

Why 401(k) plans are the ‘final frontier’ for exchange-traded funds

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Momo Productions | Digitalvision | Getty Images While many investors have flocked to exchange-traded funds, they haven’t gained much ground with 401(k) plan participants. Exchange-traded funds, or ETFs, debuted in the early 1990s and have since captured about $10 trillion. Mutual funds hold about $20 trillion, but ETFs have chipped away at their dominance: ETFs hold a 32% market share versus mutual fund assets, up from 14% a decade ago, according to Morningstar Direct data. “ETFs are becoming the novel structure to be used in wealth-management-type accounts,” said David Blanchett,…

Ireland Moves to Draft Urgent Legislation for Cryptocurrency Regulations Ahead of EU Deadline

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Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December […] Source

Ripple Reveals Exchanges for Stablecoin RLUSD Launch

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Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD […] Source

Ripple Announces Initial Exchange Partners for Ripple USD (RLUSD) Stablecoin Launch

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Payments firm Ripple is announcing exchange partners for the launch of RLUSD, the company’s new dollar-pegged stablecoin. According to a new press release, Ripple Labs is collaborating with crypto platforms Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to launch Ripple USD. Beta testing for RLUSD rolled out on the Ethereum (ETH) mainnet and the XRP Ledger (XRPL) two months ago. Ripple first announced plans for RLUSD in April 2024. In a court filing in May, the U.S. Securities and Exchange Commission (SEC) argued that the planned stablecoin represented an “unregistered crypto asset.”…

Crypto Investor Arthur Cheong Predicts Base Will Flip Coinbase’s Centralized Exchange Platform Volume

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Venture capitalist Arthur Cheong thinks Coinbase’s Ethereum (ETH) layer-2 scaling solution Base is primed to witness a surge in trading volume. The DeFiance Capital CEO predicts on the social media platform X that on-chain spot decentralized exchange (DEX) volume on Base will flip Coinbase’s centralized exchange (CEX) volume “within six to 12 months.” “Makes logical sense when you think about it, and it all comes together with the DeFi (decentralized finance) Renaissance thesis.” Cheong believes Base is “the future of Ethereum.” He also sees the DeFi sector surging alongside memecoins.…

Crypto Exchanges Are Broken, But the Hybrid Model Promises A Better Future

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Cryptocurrency exchanges play a vital role in the blockchain industry, acting as gatekeepers to the world of digital assets. While there are other ways to acquire crypto, such as peer-to-peer protocols and trading with friends, the vast majority of newcomers will begin their journey on a crypto exchange, where they can sign up quickly and start exchanging their fiat for Bitcoin, Ethereum, and other tokens. Despite their importance for the crypto industry, the fact is that exchanges as they are today are far from adequate. The reliance on these centralized…

Pro-Palestine protestors cause disturbance outside New York Stock Exchange

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The New York Stock Exchange. Getty Images A pro-Palestinian protest erupted outside of the New York Stock Exchange on Monday. There was no disruption to trading and none of the protestors appeared to make it to the historic trading floor. NYSE security fences off a perimeter area outside of the exterior of the building on Broad Street in lower Manhattan. According to video shared on social media, the group, called Jewish Voice for Peace, broke into that area and protestors were chaining themselves to the security fence and some exterior…