The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells Notice.
Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more
This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
Taurus starts credit tokenization as an asset class for German SMEs
Blockchain tokenization provides an alternative means for SMEs to raise capital and liquidity while building diversified investment opportunities.
US accounting standards board rules will reflect institutional crypto assets' fair value
The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year.
Iota’s ShimmerEVM joins Fireblocks, targets demand for assets tokenization
The Iota Foundation wants to capitalize on institutional demand for real-world asset tokenization, which reached $342 billion in September.
Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins
Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%.
Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact
Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives.
BlackRock fined $2.5M by SEC for incorrect investment disclosure
The SEC’s charges for the world’s largest asset manager came on the same day as a DTCC listing of its spot Bitcoin ETF was spotted; however, a spokesperson from DTCC confirmed that the listing has been there since August.
JPMorgan debuts tokenization platform, BlackRock among key clients: Report
The Tokenized Collateral Network enables the conversion of traditional assets into digital assets and makes way for faster and more secure on-chain settlements.
Central African Republic expands Sango project to land, resource tokenization
Asset tokenization has been in the works for a year. The ambitious project has also included investor citizenship and an island in the metaverse.
Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator
The decentralized asset management OS Velvet Capital that is driving DeFi adoption joins the Cointelegraph Accelerator program.
Crypto asset investment in Latvia declines by 50% over past year, per central bank
According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.”
A new age in investing: The transformative power of asset tokenization
From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business.
Digital asset market shrinks as fund outflows reach $200M: CoinShares
According to CoinShares, digital asset investment products saw outflows totaling $54 million last week.
Coinbase legal chief sends letter to SEC on RIA rulemaking
Coinbase’s chief legal officer requests revisions to SEC’s RIA custody rule to safeguard all asset classes, including cryptocurrencies, criticizing the rule for unfairly targeting crypto.
MetaMask denies claims of wallet exploit in ‘massive’ $10M hack
MetaMask stated its security team is working with others in the Web3 wallet space to uncover the source of the exploit.
Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining
“I gave up my title as CEO to unfreeze these accounts and am also in danger of being in contempt of court,” said Ray Youssef.
Polygon to help fight NFT scams with Web3 infra protocol partnership
Polygon partners with Wakwelli, a web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens to certify NFT originality.
FTX debtors agree to $95M sale of stake in Mysten Labs
The proposed purchase price of the Mysten Labs shares was roughly 95% of the amount FTX Ventures invested as part of a $300-million funding round in September 2022.
Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report
The move comes in the wake of Silicon Valley Bank’s collapse and global lender volatility, the Australian Financial Review reported.