The digital asset manager’s CIO says large capital pools control up to $200 trillion globally, and just a 1% shift toward bitcoin …
money
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Markets
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
by shayaanby shayaanTwenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement. www.coindesk.com
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Fortitude Mining Holdings, the Zcash ($ZEC) mining platform owned by Barry Silbert’s Digital Currency Group (DCG), has disclosed a set of disappointing …
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Finance
J.P. Morgan Reports JLTXX Tokenized Money Market Fund’s Market Cap Surge
by shayaanby shayaanJ.P. Morgan’s JLTXX tokenized money market fund recently recorded the largest increase in market cap among tokenized U.S. Treasury funds over the …
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Regulation
Pakistan Launches Crypto Investigation Unit to Fight Money Laundering
by shayaanby shayaanIn brief Pakistan’s Federal Investigation Agency has set up a dedicated cryptocurrency investigation unit to tackle money laundering and terrorism financing carried …
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Markets
Bitcoin ETFs see new money again, but inflows remain ‘peanuts’ relative to the recent exodus
by shayaanby shayaanBitcoin ETFs have attracted $273 million in new inflows in two weeks, but the total is barely enough to cover a single …
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Finance
Stablecoins are moving more money while crypto’s cash pile gets smaller
by shayaanby shayaanAdjusted stablecoin transaction volume reached a record $1.79 trillion in June, according to Visa Onchain Analytics, up 63% from May’s $1.10 trillion …
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Regulation
Turkey charges 504 suspects in crypto-linked $1bn money laundering case
by shayaanby shayaanTurkish prosecutors have accused 504 people of operating an alleged money laundering network that moved nearly 40 billion Turkish liras through shell …
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Regulation
China proposes new legal framework for virtual currency money laundering cases
by shayaanby shayaanChina has proposed a series of judicial and procedural reforms to strengthen investigations, evidence handling and asset recovery in virtual currency money …
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Regulation
Brazilian Police Dismantle Massive Illegal Betting and Crypto Money Laundering Ring
by shayaanby shayaanBrazilian Police Target Cryptocurrency Usage in Illegal Betting Operations Brazil is increasing its oversight over illegal operations involving cryptocurrnecy in its financial …