Swift, the backbone of financial messaging, faces a tough question: Will blockchain technology replace the 53-year-old technology that the legacy banking system relies on? With many blockchain-based infrastructures popping up, promising to be faster and cheaper for cross-border transfers, one could argue that this might be the case. “As these blockchain rails get laid, there’s
Fifty to one hundred billion AI agents. That is Yat Siu’s estimate of how many autonomous machine actors he expects to be transacting on the internet over the next few years. Siu, co-founder and chairman of Animoca Brands, is not hedging. “The future of the web is heavily agentic,” he said in a video interview.
The cryptocurrency industry has spent a decade promoting bitcoin BTC$77,960.57 as “digital gold”: a non-physical asset with a fixed supply that cannot be debased, thereby providing a hedge against inflation and other macro risks that afflict traditional financial assets. However, a new study from the Bitcoin Policy Institute (BPI), alongside polling firm Cygnal and education
Sberbank, Russia’s largest financial institution, is preparing to launch a lending product that will recognize Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT) as eligible collateral. The move aligns with new regulations from the Central Bank of Russia that take effect on September 1, according to a report by Crypto Briefing. Regulatory Shift Enables Crypto-Backed Lending
Bitcoin price dropped by 3% to $77K following Fed Chair Kevin Warsh’s hawkish speech during the Jackson Hole event. In his speech, Warsh signalled that the Fed was far from done with fighting inflation, despite recent macro readings. We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed.
A research paper published this week quantifies what happens when bank deposits move at blockchain speed. The number is large enough to reshape how banks fund the economy, and the crypto industry is building the pipes without acknowledging the consequences. The crypto industry has spent two years building infrastructure to put bank deposits on chain.
India’s banking sector is reportedly entering a new phase after years of high bad loans. Bad loans have fallen sharply, with public-sector banks bringing their net NPA ratio down to a record low of 0.4%. This points to healthier balance sheets and a significant recovery from the bad-loan crisis. Thus, Indian banks are now getting
Bitcoin traded near $77,500 on Aug. 29 after US spot Bitcoin ETFs snapped a nine-session inflow streak, while weakening capital flows and short-term technical signals kept the $76,500–$77,000 support zone in focus. Bitcoin price holds above $77,000 support According to data from crypto.news, Bitcoin ($BTC) was trading around $77,500 at the time of writing, down
US spot Ethereum ETFs appeared to begin trading with $10.36 billion already inside them, an opening balance large enough to resemble an institutional buying wave before the first full session ended. However, almost all of that amount came from $ETH that Grayscale’s older trusts already held, so the launch moved an existing pool into exchange-traded
Crypto and blockchain companies disclosed $184.1 million across eight funding rounds between Aug. 22 and Aug. 28, led by RQD* Clearing’s $74 million growth investment. Stablecoin neobank Fasset followed with a $68 million Series C that valued the company at $1 billion. Hivemind Digital Group and Entropy completed the next-largest raises, while five of the