Business

Ripple, Circle, BitGo among five crypto companies to become trust banks

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Five digital asset firms have received conditional approvals to become federally chartered trust banks by the Office of the Comptroller of Currency (OCC) on Friday in a major move to bring US dollar-denominated stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank is on the list, which […]

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Interactive brokers are now accepting Stablecoins in a bid to remain competitive

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Interactive Brokers will now allow retail investors to fund individual brokerage accounts with stablecoins, a move aimed at keeping up with the increasingly competitive retail market, Bloomberg reported Friday. The Greenwich, Connecticut-based brokerage competes with rivals including Robinhood Markets Inc. and Charles Schwab Corp. and earlier this year expanded its cryptocurrency trading capabilities along with

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HBAR falls 4% to $0.1247 as afternoon sell-off breaks

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HBAR is trading lower on Thursday after breaking through several technical levels during an afternoon selloff that pushed the token down 4% to $0.1247. The Hedera network’s native token is posting a $0.0082 range, representing 6.4% volatility, as resistance at $0.1320 proves insurmountable for bulls trying to extend gains. Volume patterns reveal increased institutional participation

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Dip below $90,000 as AI bubble worries weigh on tech stocks

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Artificial intelligence-focused stocks come under pressure on Friday, dragging technology-related stocks and bitcoin. BTC$92,441.66 lower during the early US session. Chipmaker Broadcom ( AVGO ), the ninth-largest asset by market capitalization, fell 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index fell more than 1% in the first hour of

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Backed, Chainlink unveils xBridge to move tokenized shares between Solana and Ethereum

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Backed Finance introduces xBridge, a new cross-chain bridge designed to move tokenized shares across blockchains without losing track of stock splits, dividends or other corporate actions. Revealed at the Solana Breakpoint and built in collaboration with Chainlink, xBridge allows users to transfer tokenized stocks, called xStocks, between Ethereum and Solana, according to an emailed announcement

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Phantom Adds Kalshi to Wallet, Lets Users Trade Prediction Markets with Solana Tokens

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Crypto wallet Phantom is rolling out prediction markets to its 20 million users through a partnership with Kalshi, the US-regulated event trading exchange, the firm said on Friday. The feature will allow Phantom users to trade real-world outcomes such as US elections, macroeconomic events or crypto prices without leaving the wallet interface. Phantom also introduces

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Poland resubmits veto of crypto law to align with EU rules amid Russia-linked threats

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Poland’s government reintroduced a cryptocurrency bill that President Karol Nawrocki vetoed last week, and Prime Minister Donald Tusk urged him to sign the law to mitigate what officials say are national security threats linked to Russia and other former Soviet states, Rzeczpospolita reported. The bill, formally known as the Cryptoasset Market Act, will align Poland’s

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YouTube now allows US content creators to be paid in PayPal’s Stablecoin: Fortune

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YouTube enabled American content creators to receive their earnings in PayPal’s (PYPL) stablecoin PYUSD, according to a report by Fortune, which cited PayPal’s head of crypto May Zabaneh. “The beauty of what we’ve built is that YouTube doesn’t have to touch crypto, so we can help remove that complexity,” Zabaneh said. She added that PayPal

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US SEC gives implicit nod to tokenized shares

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The US Securities and Exchange Commission (SEC) gave implicit approval for some stocks and other securities to be tokenized and traded on blockchains. Depository Trust & Clearing Corp. (DTCC), the world’s largest securities settlement system, said Thursday that a subsidiary, Depository Trust Co. (DTC), received a no-action letter allowing it to offer a tokenization service

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