Real-world asset (RWA) tokenization is rapidly emerging as one of Wall Street’s most promising innovations, and with the recent passage of pro-industry legislation, particularly the US GENIUS Act, growth in the sector is poised to accelerate, according to Aptos Labs’ newly appointed chief business officer, Solomon Tesfaye. In a conversation with Cointelegraph ahead of the
Shares of Opendoor Technologies (OPEN) have skyrocketed more than 170% over the past five trading days after being crowned this season’s meme stock by traders on Reddit’s WallStreetBets. Shares of the online real estate marketplace have seen an upsurge in speculative interest and trading volumes over the past month after gaining traction among traders on
The Financial Times reports that JPMorgan, the world’s biggest bank, is looking into issuing crypto-backed loans, meaning that its clients may soon be able to pledge bitcoin, ether, or some other token to borrow dollars. The news is notable for a couple of reasons. Crypto folks love pointing out that Jamie Dimon, the bank’s chief
Leading cryptocurrency Bitcoin (BTC) experienced a new surge in the last hour. After briefly falling below $120,000, Bitcoin reached $119,759, rising 0.58% in the last hour. Rising by 2.21% on a daily basis and 2.59% on a weekly basis, BTC continues to lead the cryptocurrency market with a market value of $2.38 trillion. Chart showing
Earlier this Tuesday, the prices of Bitcoin (BTC), XRP, and other major tokens surged higher amid rumors of Federal Reserve Chair Jerome Powell’s resignation started spreading like wildfire on the X social media network. Several right-wing influencers and some cryptocurrency accounts started sharing a resignation letter that was allegedly written by Powell. However, there is
AILayer, a Bitcoin L-2 network, has announced a strategic collaboration with Veritas Protocol, an AI security protocol. AILayer is an AI-powered Layer-2 solution developed on the Bitcoin network, designed to enhance the efficiency and performance of decentralized applications. On the other hand, Veritas Protocol is a system that helps keep blockchain applications safe for businesses.
In a move that’s turning heads across both the traditional financial sector and the burgeoning cryptocurrency world, Kitabo Co., a venerable Japanese textile materials company, has announced its intention to purchase a substantial ¥800 million (approximately $5.4 million) worth of Bitcoin. This isn’t just another transaction; it’s a strategic pivot, signaling a bold new direction