Five digital asset firms have received conditional approvals Friday to become federally chartered banks by the Office of the Comptroller of Currency (OCC) in a major step to bring U.S. dollar stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank are on the list, which also includes
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto’s biggest problem right now is that it’s just too difficult. The average web3 app requires a level of technical skill that most people lack, and until that changes, very few will
Key Takeaways Backed and Chainlink launched xBridge, enabling cross-chain transfers of tokenized stocks between Ethereum and Solana. xBridge preserves corporate actions like dividends and stock splits, enhancing accessibility and interoperability for tokenized equities. Backed, a leading provider of compliant tokenized equities and ETFs, best known for its xStocks product line, has teamed up with Chainlink
Key Takeaways BitGo received conditional approval from the OCC to convert into a national trust bank. The charter will allow it to offer regulated crypto services without state-by-state licensing. Crypto custodian BitGo said Friday it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to become a national trust
Key Takeaways Vivo Federation and Lean Ventures will jointly acquire $300 million in Ripple Labs shares for South Korean investors. This investment structure offers VivoPower exposure to Ripple Labs and XRP upside without using its own capital. VivoPower International PLC, which is transforming into an XRP-focused digital asset enterprise, announced Friday that its Vivo Federation
Key Takeaways Bitcoin’s price fell below $91,000, causing significant market volatility. The drop triggered approximately $135 million in long position liquidations across crypto exchanges. Bitcoin fell below $91,000 today, triggering nearly $135 million in long position liquidations across crypto markets in the past hour. The price decline forced the unwinding of leveraged bets by traders
Jack Mallers, the CEO of Twenty One Capital, recently highlighted the growth potential of Bitcoin, calling it a $200 trillion asset. Twenty One Capital debuted on the New York Stock Exchange (NYSE) on December 9 with a $3.9 billion Bitcoin treasury, holding the third-largest BTC treasury for a public company. Speaking at theCUBE+NYSE Wired show
Pi Network’s first Open Network hackathon crowned Blind_Lounge and other utility-focused Mainnet apps, highlighting growth but with clear risk disclaimers for users. Summary Pi Network’s Core Team picked Blind_Lounge as the top Mainnet app, with Starmax and RUN FOR PI taking second and third in a 215-submission hackathon. Honorable mentions like Kindrek, Workflet For Pi,
Shares in publicly traded Bitcoin treasury firm Strategy (MSTR) have fallen more than 50% over the last 6 months, but BitMine Immersion Technologies Chairman Tom Lee said the company made a sensible move when it recently announced a cash reserve amid Bitcoin’s falling price. The reserve, a $1.44 billion tranche of funds built to help
Artificial intelligence-focused stocks are coming under pressure on Friday, dragging tech-related equities and bitcoin BTC$90,295.14 lower during the early U.S. session. Chipmaker Broadcom (AVGO), the ninth largest asset by market cap, tumbled 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index was down over 1% in the first hour of