AMC Entertainment CEO Adam Aron lashed out at Robinhood’s tokenized version of the movie-theater chain’s shares Thursday, shining a spotlight on synthetic stocks on blockchains that track companies without their involvement. “Robinhood apparently is behind an effort related to ‘tokenized real-world assets including Stock Tokens’ for AMC Entertainment,” Aron wrote on X. “We have no
The U.S. Office of the Comptroller of the Currency gave a new charter to OpenReserve Bank, a blockchain bank backed by a number of crypto world investors, including Andreessen Horowitz, Jump Capital and Coinbase Ventures. The OCC has preliminarily approved charters for a swelling array of banks — mostly trust companies — but in this
Broadridge Financial Solutions said on September 2 that it had expanded its Distributed Ledger Repo platform to support G7 securities. In its announcement, the company said the addition enables international market participants to conduct cross-border repo transactions, intraday repo activity and collateral movements through atomic settlement. The release presents the service as live infrastructure rather
Blockchain data company Bitquery published a census on Sept. 2 of four ways text appears in Bitcoin, scanning 965,135 blocks and revealing that the same words can impose very different costs on nodes. Its study counted 13,062 OP_RETURN taunt transactions that added no spendable state, against 96,231 fake-address text outputs that remain in the unspent
Are Bitcoin investors falling for the market’s “September Trap”? In terms of positioning, traders are becoming more long biased on Bitcoin, implying they expect a bullish move that the technical formation has yet to confirm. Because from the technical standpoint, $BTC has been trading below $80k for more than two weeks, which keeps the risk/reward
There are only 21 million $BTC, and some of the coins that are now in circulation have been lost, misplaced, or thrown away by their owners. These coins will never be moved again, despite the fact that they are worth a lot of money; they are essentially permanently out of reach. These stories are just
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5.2 billion above full $USDT backing. The figures keep Tether at the center of the stablecoin market’s profitability and reserve debate. $USDT remains the largest dollar stablecoin in crypto, and Tether’s reserve earnings have become
Bitcoin has pushed decisively back above its closely watched 50-week moving average. The bulls could be on the verge of a potential test of the $82,000-$83,000 resistance zone. $BTC climbed as high as $81,797 on the daily chart before pulling back slightly, with the latest price around $81,400. This is a daily gain of more
Robinhood Chain collected more in gas fees over the past 24 hours than any other blockchain, after memecoin launch activity pushed the two-month-old network’s base fee far above the minimum price its contracts allow. Almost all of the increase is price. Transactions on the chain rose about 36% over the same stretch, while the execution