Bitcoin slipped below the psychologically important $77,000 level on Thursday as investors sharply increased their expectations of another Federal Reserve interest-rate hike. The world’s largest cryptocurrency fell to an intraday low of roughly $76,748 on Sept. 10. Fed hike odds surge after hot inflation data Expectations of tighter monetary policy jumped on Thursday after the
Latitude raised a $35 million Series A led by Oak HC/FT to connect stablecoin settlement to local payment rails, the company said Wednesday. NEA, Coinbase Ventures, Lightspeed Faction and OpenFX also took part. The money goes into licences and local payout connections, the leg of a stablecoin payment that still runs through banks and domestic
Here is an awkward problem for companies that are putting stocks on a blockchain: The onchain data can show who owns the token, but the legal shareholder record sits somewhere else. So, when it comes to which database to consider as the legal record for these tokenized stocks, lawyers will currently pick the one that
A coalition of European financial and tokenization groups has urged EU lawmakers to remove a proposed 100 billion euro cap ($116.3 billion) on tokenized financial instruments or raise it to at least 500 billion euro. The draft letter, dated Sept. 7 and addressed to EU Council members and the European Parliament’s Economic and Monetary Affairs
Cryptocurrency exchange Coinbase partnered with financial platform Moov to bring stablecoin infrastructure to more than 1,000 community banks and credit unions that are part of Moov’s customer base. The partnership will combine Coinbase’s regulated digital asset infrastructure and Moov’s payments platform to offer stablecoin payment acceptance, settlement and real-time funding, according to a Thursday announcement.
Developers in the Cardano ecosystem have introduced a new tool called ODATANO, aimed at facilitating integration between SAP, one of the world’s largest enterprise software ecosystems, and the Cardano blockchain. SAP is known as an enterprise resource planning and business software platform that enables companies to manage core business processes such as finance, accounting, supply
Benjamin Cowen, a well-known analyst in the cryptocurrency world, compared bull and bear scenarios for Bitcoin ($BTC) in detail in his new analysis video. Cowen, who examined on-chain data, technical indicators, market sentiment, and cyclical historical data, stated that the current picture shows strong signals supporting both bulls and bears. Cowen, highlighting the bullish scenario,
Polymarket has hired veteran executive Warren Jenson, who previously served as CFO at Amazon as its first-ever chief financial officer. Jenson will report to Polymarket founder and CEO Shayne Coplan — who called him a “true legend” in a post on X — and will oversee the company’s finance organization, financial and capital strategy and