The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said.
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore.
Floki Developers Plan Regulated Bank Accounts in Next Value Capture for Tokens
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers.
Bitcoin Virtual Machine Will Soon Let Users Create AI Models on Bitcoin Network
“We’ve figured out a way to put AI on-chain,” lead developer punk3700 told CoinDesk in an X message.
With Mastercard, MetaMask Tests First Blockchain-Powered Payment Card
It would be “the first ever truly decentralized web3 payment solution,” allowing users to spend their crypto “on everyday purchases, everywhere cards are accepted,” according to marketing materials CoinDesk reviewed.
DWF Labs Invests $10M in TokenFi for AI-Push, TOKEN Crosses All-Time High
The purchase will be done over a two-year period, developers told CoinDesk.
IOTA’s Ecosystem Foundation Commits $10M for Tokenization, Trade Startups
IOTA’s recently-launched Ecosystem Foundation is making its first series of investments, committing $10 million to to early-stage startups focused on digital trade and tokenization of real world assets (RWAs).
Floki Developers Plan to Burn $11M Tokens, Reducing Supply by 190B FLOKI
The figure represents 2% of the token’s circulating supply, or the number of tokens on the open market.
Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Sources
Since spot bitcoin ETFs went live in January, chatter has increased about the imminent arrival of the big registered investment advisor (RIA) networks and broker-dealer platforms.
Crypto Political Operation Targets California’s Katie Porter by Undermining Her Base
A leading crypto industry political operation, Fairshake, is trying to ensure that the U.S. Senate doesn’t get a twin for its chief Washington antagonist Sen. Elizabeth Warren (D-Mass.) by trying to cut the legs from under U.S. Rep. Katie Porter (D-Calif.) in the 11th hour of her state’s primary-election battle.
PancakeSwap Plans ‘Affiliates’ for Expansion; Cake Holders To Benefit
CAKE token holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates, if things go as planned.
Fordefi Raises $10M to Make Crypto Safer With Institutional-Grade Wallet to Retail-Facing Platforms
The company has onboarded institutional investors such as Pantera Capital, DeFiance Capital, Keyrock and Flare Network to its MPC wallet, and secured over $3 billion in blockchain transaction volume.
Ripple-Owned Crypto Custody Firm Metaco’s CEO and Head of Product Depart
Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.
Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source
Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties.
India CBDC Insider Reveals Current Stance of Country’s Central Bank
India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it’s making some progress.
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors.
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting
Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.
Google Cloud Joins Flare Network as Validator, FLR Jumps 5%
Flare, which calls itself “the blockchain for data,” gives developers access to decentralized data via its Oracle system..