Early-stage investment firm Metaplanet announced on Monday that it’s adopting Bitcoin (BTC) as its sole “strategic treasury reserve asset.” This audacious decision signals a growing confidence in the controversial cryptocurrency as a legitimate store of value and hedge against traditional economic woes. Related Reading Yen Under Pressure, Bitcoin On The Rise Metaplanet’s decision comes amidst a backdrop of sustained economic pressures in Japan. A weakening yen, coupled with high government debt levels and persistently low-interest rates, seems to have pushed the firm to seek alternative havens for its reserves. Bitcoin,…
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Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi
Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments […] Source CryptoX Portal
DOJ Appoints Consulting Firm for Three-Year Monitoring Role of Crypto Exchange Binance: Report
The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for Binance after the world’s largest crypto exchange pleaded guilty to violating US anti-money laundering (AML) regulations and sanctions laws. People familiar with the matter but wanted to remain anonymous say the DOJ has selected Forensic Risk Alliance (FRA) for the three-year monitorship of Binance over the previous frontrunner, New York-based law firm Sullivan & Cromwell, reports Bloomberg. One of the conditions of Binance’s plea deal in November is the appointment…
Crypto Custody Tech Firm Fireblocks Plans NYDFS-Regulated Trust Company
“Our position is not to poke at any regulator, any political party, or the government,” Levine said. “We’re just applying the existing rules and existing framework. We know there’s a business need based on clients, based on the market opportunity. We understand what the current regulatory framework is, and SAB 121, as it is, in the current view of federal regulators and state regulators. We believe that pursuing the trust license in becoming a qualified custodian was the right approach.” Source
Fintech Firm Ventures into Crypto Exchange Arena
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of…
Investment Firm Franklin Templeton Believes Solana Will Become the Third Largest Crypto Asset
Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the potential to become the third-largest cryptocurrency in the market. The firm praised the resilience of the project, its continued airdrops, and the work developers have undertaken to fix the network’s recent congestion issues. Franklin Templeton: There […] Source CryptoX Portal
Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’
Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength, citing significant inflows into spot bitcoin exchange-traded funds (ETFs) and encouraging signs for increased corporate […] Original
RWA Tokenization Firm Securitize Raises $47M Led by Fund Partner BlackRock
BlackRock and Securitize last month teamed up to create the BlackRock USD Institutional Digital Liquidity Fund, which may prove to be geared toward RWA tokenization. Source
Paradigm Special Counsel Has Left the Crypto-Focused VC Firm
During his 2 1/2 years at Paradigm, Seira helped create the firm’s Policy Lab to advance crypto innovation and lawmaking in the U.S. Paradigm’s Policy Lab aimed to bring together academics, policy experts, lawyers and technologists to do research on policy issues facing crypto, according to a blog post by the firm. Source
Crypto Banking Firm BCB Group To Expand in Europe After French Regulatory Approval
“This is a game changer for BCB Group, allowing us to expand our footprint into the EEA for the first time since Brexit,” Oliver Tonkin, CEO of BCB Group, said in the release. “We have been very impressed with our engagement with the French regulators, and we look forward to integrating ourselves into the burgeoning blockchain ecosystem in France,” he added. Source