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Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.

Public blockchains too ‘fragile’ for tokenization: Professor tells Congress

A financial law professor told Congress in a speech on Wednesday that public blockchains are too “fragile” to tokenize trillions of dollars in real-world assets as they’re high...

3 months ago

McDonald’s Singapore launches the ‘My Happy Place’ metaverse, letting locals build virtual burgers, play multiplayer games, and earn rewards.

McDonald’s metaverse debuts in Singapore

American fast food chain McDonald’s launched the “My Happy Place” metaverse in Singapore, allowing locals to build virtual burgers and participate in other activities.

3 months ago

The agreement, which is subject to court approval, resolves a major hurdle for the FTX bankruptcy process.

FTX reaches $200M settlement with IRS on tax bill

Bankrupt crypto exchange FTX reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS). According to a June 3 filing, the exchange and t...

3 months ago

Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data.

Bears rekt: Bitcoin ETFs see runner-up record day with $887M inflows

United States-based spot Bitcoin exchange-traded funds (ETFs) saw their second-best-ever joint net inflow day of $886.6 million, according to preliminary data. The Fidelity Wise O...

3 months ago

Regulatory uncertainty is holding back the $20 trillion dollar financial advisory industry from investing more in crypto, claims Bitwise investment head Matt Hougan.

US political change could expose crypto to $20T industry: Bitwise

The crypto space could be exposed to the trillions in the financial advisory industry once United States regulators clear up legal uncertainties, says crypto asset manager Bitwise’s invest...

3 months ago

Bitcoin price may be closer to the big milestone $100,000 mark than many realize as a looming banking crisis could see BTC become the new "safe haven asset."

63 US banks on the brink of insolvency: Why Bitcoin's next target is $100K

Bitcoin could be on track to the psychological $100,000 mark as the "digital gold" narrative gains more prominence as another banking crisis looms in the United States. ...

3 months ago

To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas.

Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility

Bitcoin miner Riot Platforms produced 215 BTC in May, a 43% decrease from last month. The decrease in mining revenue is a direct impact of the April 20 Bitcoin halving o...

3 months ago

As the FATF introduced new challenges for crypto businesses, industry leaders share insights for potential solutions.

How the crypto industry can comply with the Travel Rule

The debate surrounding the implementation of the Financial Action Task Force’s (FATF) Travel Rule within the crypto sector has highlighted several critical issues. Officially named FATF Re...

3 months ago

As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet.

M^0 secures $35M Series A round for stablecoin issuance network

Decentralized infrastructure provider M^0 has secured $35 million in a Series A round for its stablecoin issuance platform. Bain Capital Crypto led the funding with existing inve...

3 months ago

The Australian federal court relieved Block Earner from paying a penalty in the local financial regulator’s legal action over unlicensed crypto yield-bearing products.

Block Earner spared penalty in regulator’s crypto yield suit

Australia’s federal court has relieved fintech firm Block Earner from paying a fine despite the court finding it offered a crypto yield-bearing product without a financial services license...

3 months ago