Electra Protocol is taking an important step towards the widespread acceptance of blockchain payments. They have just launched an official WooCommerce plug-in for the Electra Protocol’s native currency, XEP. The WooCommerce development is a significant milestone in the open-source community. It will help to integrate traditional e-commerce with fast, decentralized finances. WooCommerce currently powers more
The US SEC is now allowing broker-dealers to use a wider range of stocks—specifically, baskets of large American companies from the Russell 1000 and S&P 500 Indices—as collateral when borrowing securities from large institutional investors. Previously, firms could only use safer, traditional assets like cash, US government bonds, or bank guarantees as collateral. Under this
The ECB now accepts tokenized securities as collateral, lifting DLT into its toolkit while X erupts over Axiology’s $XRP Ledger roots and “no $XRP” disclaimer. The European Central Bank has started accepting tokenized securities issued on distributed ledger technology as eligible collateral for Eurosystem credit operations, in what many in European markets see as a
Archblock, TrustToken, and TrueCoin, the firms originally behind stablecoin TrueUSD, have declared Chapter 11 bankruptcy protection, citing Techteryx’s failure to pay invoices and Archblock being defrauded by “a sophisticated criminal enterprise working out of Eastern Europe.” This comes after Archblock and its sister firms became embroiled in a series of calamities and legal disputes and
Crypto tax confusion persists despite widespread adoption, with most U.S. investors aware of obligations but struggling to execute accurately as new reporting rules and portfolio complexity widen compliance gaps across digital asset markets. Data Reveals Crypto Tax Chaos as Investors Face Costly Errors Rising participation in digital assets has exposed a gap between compliance intent
Mitsubishi Corporation plans to use a blockchain-based payment system developed by JPMorgan Chase to move funds across its global operations, signaling continued adoption of blockchain infrastructure within traditional finance. The system is part of JPMorgan’s blockchain network, known as Kinexys, which enables near-instant fund transfers, reduces reliance on traditional banking and operates around the clock,
SWIFT, the messaging backbone connecting over 11,000 financial institutions across more than 200 countries, has confirmed that its blockchain-based shared ledger is progressing into its first MVP iteration. After completing a design phase with a global group of banks, the network is now preparing for real-world transactions later this year. What SWIFT’s Blockchain Ledger Actually
Elon Musk, the Tesla CEO who was once closely involved with the cryptocurrency world, added another Bitcoin post to his increasingly rare collection of posts today. Elon Musk, who has recently been frequently sharing images and videos created by Grok, the AI model of the social media platform X, this time shared a dancer with
US Senator Cynthia Lummis is preparing to introduce a bipartisan “Mined in America Act” bill that would incentivize Bitcoin mining; under the plan, miners would be able to sell Bitcoin to the government in exchange for tax benefits (CGT exemption). The bill aims to encourage Bitcoin mining within the country and to bring critical infrastructure