Business – Page 53

BlackRock (BLK) crypto push deepens with Athena integration, sending ENA up 8%

Athena said its dividend-generating “synthetic dollar” token will be integrated into BlackRock’s ( BLK ) Aladdin risk management platform as the crypto protocol deepens its relationship with traditional financial firms. Monday’s announcement sent Athena’s governance token ENA ( ENA ) up around 8% on the day as investors welcomed another high-profile institutional partnership. Aladdin is […]

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Ukraine transfers $8.3 million in seized crypto amid potential plans for strategic reserve

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“This is the first time that seized crypto-assets have actually been handed over to government management,” the statement reads. The funds came from wallets controlled by a member of an alleged international hacking group, the office said. However, fund management involves storage of the digital assets, not ownership. The USDT sits in a wallet ARMA

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Wall Street’s BNY expands stablecoin ties with Circle, lets institutions mint and hold USDC

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Unlike cryptocurrencies such as bitcoin, stablecoins are designed to maintain a fixed price pegged to a fiat currency, typically the US dollar and backed by cash and short-term US Treasuries. Originally used primarily by crypto traders on exchanges, they are increasingly finding wider applications in payments, cross-border transfers and securities settlement. Institutions see considerable room

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XRP Ledger Moves To Add Onchain Lending In Recent Moves

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The protocol has two parts. A Single Asset Vault pools a single asset and the lending layer turns the pooled money into loans with fixed terms. Both are still proposals, defined in technical drafts known as XLS-65 and XLS-66, and remain subject to approval by the validators running the network. The features are available for

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Millions of European crypto users face a sudden rush to new digital asset platforms

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The immediate impact will fall on customers whose exchanges are pulling services, Fazel told CoinDesk Several exchanges, including Binance, have announced changes to their European services ahead of the July 1 deadline, while others continue to seek MiCA authorization or adjust their products. “Unfortunately, when a platform retires, users absorb the shock, much like a

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JPMorgan backs US crypto bill, but warns of risks in digital asset framework

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The blog comes as the Senate races to advance the Digital Asset Market Clarity Act before lawmakers recess for the August recess. While the bill cleared the Senate Banking Committee, negotiators are still trying to resolve several contentious issues, including ethics rules for senior officials with crypto ties, liability protections for decentralized finance developers, stablecoin

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Bitcoin-backed lending is making a comeback, according to Silicon Valley Bank

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The Bitcoin lending industry was reshaped by the failures of Celsius, BlockFi and Genesis during the 2022-2023 crypto credit crisis. Mens hvert firma havde forskellige forretningsmodeller, delte de fælles sårbarheder: løbetidsuoverensstemmelser, overdreven gearing, koncentreret modpartseksponering og rehypotekering af kundeaktiver.

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JP Morgan expands Kinexy’s blockchain settlement network as banks modernize cross-border payments

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JP Morgan has expanded the number of currencies supported by its Kinexys blockchain payments platform, a move that could make it easier for multinational companies to move money between countries at any time of the day. The bank added Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi and Singapore dollar to Kinexys’ Blockchain Deposit

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The White House will talk to law enforcement groups to push the Crypto’s Clarity Act

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White House officials — notably chief crypto adviser Patrick Witt — have tried to keep the Clarity Act moving in the Senate, including holding earlier meetings with those who have objected, such as law enforcement groups and Wall Street bankers. White House officials did not immediately respond to requests for comment on the expected Monday

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Private keys, not smart contracts, caused 40% of crypto’s $16 billion hack loss. Here is what is being done.

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“Most blockchain infrastructure was originally built for a single-user, single-key model, one private key controls everything, and if that key is lost or stolen, all assets are gone immediately. This goes against the basic security principles that traditional finance has relied on for decades: more than one person to authorize, segregation of duties, and multiple

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