Bank of America (BofA) is preparing to enter the stablecoin market, CEO Brian Moynihan said Wednesday, adding that the bank has already laid the groundwork and expects to act when the time is right. “We feel both the industry and ourselves will have responses,” Moynihan said during the lender’s second quarter investor call. “We’ve done
Crypto asset manager Bitwise said it is improving transparency for its spot bitcoin BTC$119,111.73 and ether (ETH) exchange-traded funds, rolling out third-party proof-of-reserves verifications through U.S. accounting company The Network Firm. The process, which is already live, replaces Bitwise’s prior practice of publicly listing nearly 90 wallet addresses on its websites. Instead, The Network Firm
The U.K. government on Tuesday said it intends to enable the wholesale market to identify the best distributed ledger technology (DLT) use cases as well as roll out tokenization solutions. The country wants DLT – the blockchain technology that underpins crypto – to be utilized across different sectors in wholesale financial markets and create cross
For more than a decade, the crypto industry has championed decentralization, transparency, and self-sovereignty. These principles are noble—and in many ways, essential. But, if we’re honest, they haven’t yet translated into broad, mainstream adoption. The dream of billions of people using blockchain every day is still largely that—a dream. To make it reality, we need
The governor of the Bank of England, Andrew Bailey, wrote a letter to the G20 yesterday stating that the Financial Stability Board (FSB) — the forum’s financial overseer, which Bailey was appointed to head in April — is assessing the role of stablecoins in payments and settlements as a top priority. To the point: an
With the expected passage of the GENIUS Act this week, the $260‑billion stablecoin market is on the cusp of becoming a formally regulated part of the U.S. financial system. The next step is institutional, bringing the time‑tested model of clearinghouses into the world of tokenized money. Why clearing matters Traditional clearinghouses, formally called central clearing
U.S. President Donald Trump’s rhetoric toward Fed Chair Jerome Powell appeared to stoke volatility in the crypto market on Wednesday, as investors weighed whether he could soon fire the official. The price of Bitcoin rose as high as $119,500, then fell to around $119,000—yet it’s up even higher now to $119,650, currently up 2% over
In a significant move poised to reshape the landscape of institutional crypto adoption in South Korea, Bitmax, a publicly listed Korean company, has announced a substantial increase in its Bitmax Bitcoin holdings. This strategic accumulation underscores a growing trend among corporations globally to embrace digital assets as a core component of their treasury management. With
Canadian fintech company LQWD has announced a $10 million At-The-Market (ATM) Program to strategically enhance its Bitcoin holdings and support the Lightning Network infrastructure. This innovative financing approach offers LQWD flexibility and cost-efficiency, allowing continuous capital access to fuel growth in the digital asset ecosystem. According to COINOTAG, LQWD’s initiative signals a mature capital management
CycleX has now formally entered into a strategic alliance with xStocks to transform the stock trading industry with powerful blockchain integration. The partnership, unveiled through the official Twitter account of CycleX, is centered on speeding up the tokenized stock market development and on breaking the divide between conventional finance and decentralized technologies. We are pleased