Ten European financial institutions have launched Regulated Layer One (RL1), a jointly owned blockchain cooperative designed for regulated financial markets and tokenized assets. On Tuesday, the group announced that RL1 had been established as a European Cooperative Society in Luxembourg and had begun operations with founding members including ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel
TORONTO — Coinbase wants to bring more of the crypto products available to its U.S. customers, including derivatives, decentralized finance services and tokenized assets, to Canada, but Eric Richmond, the exchange’s newly-appointed Canadian CEO, says the country’s regulatory framework needs to evolve beyond temporary exemptions if it wants to keep pace with the industry’s next
Performance analysis of the past month shows that cryptocurrency companies have outperformed artificial intelligence (AI) and semiconductor companies by a considerable margin. Coinbase (NASDAQ: COIN), America’s largest crypto exchange, saw its stock rise by 14.85% in the past month. Meanwhile, Nvidia (NASDAQ: NVDA), the lead company designing AI hardware and software, saw its stock lose
Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, driven by double-digit growth in payments volume, cross-border volume and processed transactions. During the company’s earnings call, Visa outlined its broader stablecoin strategy, saying it has been investing across multiple layers of the stablecoin ecosystem. The company said: We are active
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are developing a shared tokenized deposit network that could bring round-the-clock blockchain payments to the regulated US banking system. Four US banks move tokenized deposits onto one network The Clearing House, a payments company jointly owned by major commercial banks, will operate the planned network. It
Strategy founder Michael Saylor has intensified criticism of the proposed Bitcoin BIP-110 soft fork upgrade. On the 27th of July, Saylor slammed the supporters of the fork as new to the Bitcoin ecosystem yet wishing to change something that is working perfectly and does not need a fix. According to him, Bitcoin core protocol changes
The staggering sum wasn’t lost on a single event or during a market crash. It accumulated quietly, bet by bet, as retail users stacked low-probability outcomes into parlay wagers that promised huge payouts but almost always failed. According to the original report citing Bloomberg data, prediction-market platform Kalshi has seen its parlay bettors lose about
Ahead of the Fed’s interest rate decision tomorrow at 9:00 PM (2 p.m. ET), expectations that the policy rate will remain unchanged are gaining strength in the markets, but this prediction, like previous ones, is not nearly certain. Market forecasts are pricing in a roughly 80% probability of the Fed not changing rates at its
Michael Saylor has warned that changes to Bitcoin’s consensus rules pose a greater long-term threat than rival cryptocurrencies, governments, or external competition. Saylor warns against capturing Bitcoin consensus Strategy Executive Chairman Michael Saylor issued the warning in a series of X posts on Tuesday, describing Bitcoin’s consensus rules as its constitution. Those rules determine how
Markets are split on whether the Federal Reserve will hike rates or stay on hold on Wednesday, but analysts say bitcoin $BTC$63,880.93 may be less vulnerable than AI-driven tech stocks. Bitcoin $BTC$63,880.93 recovered from its intra-day losses to trade flat just below $64,000 on Tuesday, while AI-linked technology stocks stumbled again ahead of one of