Key Takeaways: On September 16th, Circle will go-live with the initial validators, such as BlackRock, Visa, Mastercard, DTCC and Standard Chartered, on the public mainnet of Arc. Before its public…
Finance
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Crypto Currency
SBI Targets $6T On-Chain Finance Market With Canton Network Expansion and New Digital Unit
Key Takeaways: SBI Holdings has changed the name of its company SBI Security Solutions to SBI Digital Practice to favour on-chain finance activities through its initiative, Canton Network. The new…
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Crypto Currency
Tether’s $3.3B Gold Token Wins Shariah Approval, Opening Islamic Finance to XAU₮ Worldwide
Key Takeaways: XAU₮ has been officially certified as Sharia Compliant by Amanah Advisors, the gold backed token of Tether. Approvals for Islamic banks, institutions and investors to access compliant digital…
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Crypto Currency
Base Admits Failed Social Bet, Shifts to Trillion-Dollar Finance With AI and Payments Push
Key Takeaways: The social-first approach of the network backfired, Gateway’s creator Jesse Pollak admitted, slashing the increase in some crucial crypto markets. Now, trading, stablecoin payments, tokenization and AI agents…
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New Hampshire’s Executive Council rejected a proposed $100 million Bitcoin-backed municipal bond in a 3-2 vote on July 8, stopping a Business Finance Authority structure that would have moved BTC…
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Crypto Currency
IMF Warns Tokenization Could Reshape Global Finance as New Blockchain Risks Replace Banks
Key Takeaways: The IMF believes that the introduction of tokenization may alter the financial system as we know it today. The potential risks can transition from banks to smart tokens…
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Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos were among the investors that…
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The gold price was on the rise this week, breaking briefly through the US$4,800 per ounce level for the first time since mid-March before pulling back. Silver trended upward as…
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Crypto Currency
$315B Stablecoin Market Faces BIS Warning as Dollar Tokens Threaten Finance Stability
Key Takeaways: The Bank for International Settlement cautions that stablecoins may destabilise credit, policy and finances Stablecoins pegged against the dollar dominate and are yet to acquire the essential characteristics…
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Stocks
‘I was shoveling sidewalks at 8 years old’: I’m a 73-year-old boomer dad with two kids. Here’s what I teach them about finance
“My parents knew nothing about finance and investing, so my buddies and I had to figure it out on our own.”
