Losing a race is unusual for the crypto industry’s political action committee, Fairshake, which has posted a dominant record in the past two congressional elections. But the Illinois primary this week saw its biggest setback ever, and it will likely end with a new member of the Senate next year being someone the PAC spent […]
The US Securities and Exchange Commission (SEC) on Wednesday approved Nasdaq’s proposal to allow certain securities to trade in tokenized form, a key milestone for integrating blockchain technology into US stock markets. Nasdaq’s tokenization plan is linked to a pilot run by the Depository Trust Company (DTC), which will handle the clearing and settlement of
SEC approves Nasdaq’s move to allow tokenized securities trading Read More »
Bitcoin BTC$70,954.25 fell below $71,000 on Wednesday as Federal Reserve Chairman Jerome Powell flagged rising oil prices amid the war in Iran as a new inflation risk. The Fed kept interest rates steady as expected, but during his post-meeting press conference, Powell acknowledged that the recent rise in energy prices is already weighing on the
BTC Extends Losses After Fed Pause, Powell Press Conference Read More »
FTX Recovery Trust announced Wednesday that it will distribute about $2.2 billion to creditors on March 31 as part of its ongoing bankruptcy recovery process, with additional payments to preferred stockholders planned later this year. The payout marks the fourth distribution under FTX’s Chapter 11 reorganization plan and will go to creditors in both “Convenience”
The bankrupt stock exchange FTX must repay $2.2 billion to creditors this month Read More »
The Federal Reserve held its benchmark fed funds rate range steady at 3.50%-3.75% on Wednesday as expected. Down nearly 4% ahead of the expected decision following a surge in oil prices and poor inflation data earlier on Wednesday, bitcoin remained markedly lower at $71,600 in the moments after the news. US stocks remain lower for
BTC remains sharply down while the Fed remains on hold Read More »
Kalshi’s co-founder, Tarek Mansour, has called Arizona’s criminal case against the company a “total overreach” and comes across as an attack on a federally regulated exchange rather than standard gambling enforcement. Mansour said the charges have “nothing to do with gambling or the benefits” and argued that Arizona is trying to short-circuit a broader court
Since the Iran war began, the market narrative has been simple: the oil surge, inflationary impulse and broader market volatility will be temporary and die down when the conflict ends, allowing central banks to grease the economy and markets with easy money, as they have consistently done since 2008. But there is a counter-view that
Network news ETHEREUM COMMUNITY DEBATES FOUNDATION’S NEW MANDATE DOCUMENT: The Ethereum Foundation’s new mandate — a comprehensive document released to clarify the organization’s role and principles — sparked a flurry of reactions, with supporters praising it as a long-overdue articulation of blockchain’s ethos and critics saying it reinforces the foundation’s hands-off approach at a time
The Ethereum community debates the foundation’s new mandate document Read More »
Crypto exchange Kraken, which announced four months ago that it planned to go public, has put its plan on hold, according to two people with knowledge of the matter. The company is still considering an initial public offering, but probably not until market conditions improve, said the people, who spoke on condition of anonymity because
Payward, parent of crypto exchange Kraken, has put its IPO plans on hold Read More »
The Bank of Korea and nine commercial lenders began phase two of a digitally won pilot project, testing bank-issued deposit tokens backed by central bank infrastructure to determine whether the system can support government subsidy payments and consume transfers and payments nationwide. The second phase of Project Hangang adds two banks, Kyongnam Bank and iM
Bank of Korea begins real-world testing of its CBDC with nine banks Read More »
