London-based crypto market maker B2C2 is seeking external capital of up to $200 million to allow existing majority owner SBI Holdings to reduce its 90% stake. People familiar with the fundraising effort say the capital will be used to diversify the ownership structure and fund business growth. SBI Financial Services, owned by Tokyo-based SBI Holdings,
The dynamic world of cryptocurrency never stands still, and recent developments from South Korea’s prominent venture capital firm, Hashed, are once again stirring the pot. Known for its significant investments and foresight in the digital asset space, Hashed has made a strategic move by filing multiple crypto trademarks related to stablecoins. This isn’t just a
Massachusetts Senator Elizabeth Warren has suggested that the cryptocurrency sector could potentially destroy the U.S. economy if there are no proper guardrails in place. Warren has hashly criticized major crypto legislative efforts, claiming that she does not want to see the government signing off on “very weak regulation” specifically written bycrypto industry lobbyists. “They also
Trump Media and Technology Group is moving ahead with plans to integrate artificial intelligence on the Truth Social platform, having filed two related trademarks. A press release issued by the company on Wednesday confirmed applications for “Truth Social AI” and “Truth Social AI Search,” signalling the group’s intent to develop AI-based features for its platform.
Are you ready for a seismic shift in how the world handles money? The financial landscape is on the cusp of a revolutionary transformation, and leading the charge is none other than Wall Street giant Goldman Sachs. Their CEO recently underscored the immense opportunities presented by tokenization, particularly within the crucial realm of financing. This
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. M&A hasn’t slowed as Congress mulls crypto legislation and efforts to get more real-world assets onchain continue. I chatted with Ondo Finance CEO Nathan Allman last month about the RWA space ahead of the company’s tokenization platform launch slated for this
Stablecoins, digital currencies pegged to the U.S. dollar, have surged in popularity, but their quiet resilience under slim regulatory scrutiny may signal a deeper role as a testing ground for a central bank digital currency (CBDC). Stablecoins and the Silent Rise of a Central Bank Digital Dollar These blockchain-based tokens, designed to maintain a stable
The San Francisco Bitcoin Meetup holiday party in December 2017 was packed with crypto hopefuls. Bitcoin had just hit nearly $20,000. Ethereum was holding steady above $700. Under the glow of fluorescent lights and an air of optimism, two young men posed for a photo that would become one of crypto’s most enduring snapshots. Frédéric
Bilal Bin Saqib, chief executive of the Pakistan Crypto Council, met with El Salvador’s President Nayib Bukele in San Salvador for crypto cooperation. Pakistan’s interest in digital assets comes as it works under a $7 billion IMF program arranged in 2024 , an arrangement that remains in place through 2027. President Bukele met yesterday at Casa Presidencial with the Minister of
Stablecoin adoption is growing quickly across Europe, now closely following the United States. However, it is not experiencing the type of adoption it was looking for. Today, people throughout the region are primarily opting for USD-backed stablecoins instead of those backed by the euro. As a result, the current dominant stablecoin poses a risk to