Grayscale, a crypto asset management company, stated that the record-high share of equities in US household financial assets could turn the cryptocurrency …
Asset
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Markets
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
by shayaanby shayaanThe group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority …
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Finance
Hanwha Investment & Securities Expands U.S. Presence to Accelerate Digital Asset Strategy
by shayaanby shayaanHanwha Investment & Securities, a South Korean financial services firm, is accelerating its push into digital assets by reorganizing its virtual asset …
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Regulation
SEC submits digital asset custody proposal to White House for review
by shayaanby shayaanThe SEC has submitted proposed rules on digital asset custody to the White House for review as the agency steps up efforts …
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Park Hyeon-joo, Mirae Asset Financial Group’s founder, outlined his ambitious stablecoin, RWAs, and STOs plan for Digital X, formerly known as Korbit, …
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Finance
Mirae Asset Chairman Casts Doubt on Bitcoin, Calls Crypto Listings ‘Fraud’
by shayaanby shayaanMirae Asset Group Chairman Park Hyeon-joo has voiced a strongly negative view on Bitcoin investment, saying that few people have made money …
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Regulation
South Korea’s FSC to Introduce Digital Asset Bill in September with 20% Exchange Ownership Cap
by shayaanby shayaanSouth Korea’s Financial Services Commission (FSC) is set to submit a government proposal for the Basic Digital Asset Act in early September, …
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The Blockchain Association and Crypto Council for Innovation have filed a joint lawsuit challenging Illinois’ Digital Asset Tax Act, setting up a …
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The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax. …
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Finance
Dartmouth Endowment’s Crypto ETF Holdings Drop $2.2M as Digital Asset Prices Slide
by shayaanby shayaanDartmouth College’s endowment saw the value of its cryptocurrency exchange-traded fund (ETF) holdings decline by more than $2 million over the second …