-
3 days ago | 
ccn.com | Insha Zia |James Morales
Key TakeawaysBCP Technologies has launched a new GBP-pegged stablecoin. European regulators have significantly warmed to stablecoins. Euro- and pound-pegged stablecoins are increasingly viewed as critical for European monetary sovereignty. Although the vast majority of stablecoins are currently denominated in U.S. dollars, there is a growing movement in Europe toward tokens that track the price of local currencies.
-
3 days ago | 
ccn.com | Insha Zia |James Morales
Key TakeawaysSEC Chairman Paul Atkins addressed the Senate Appropriations Subcommittee on Tuesday, June 3. Discussing crypto regulation, Atkins said: “policymaking will be done through notice and comment rulemaking not through regulation-by-enforcement.”He confirmed that the SEC’s crypto task force has held roundtables to discuss crypto trading, custody and tokenization.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysWhen it launched JPM Coin in 2019, JPMorgan was ahead of the curve of stablecoin adoption. Today, a string of major global banks want to issue their own stablecoins. Santander is in the early stages of developing euro- and dollar-denominated digital currencies. When JPMorgan Chase launched JPM Coin in 2019, it was well ahead of the curve of stablecoin adoption. Now, nearly six years later, some of the bank’s largest industry peers are scrambling to get in on the action too.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysGameStop announced that it had purchased 4,710 bitcoins on Wednesday. The move reflects growing momentum behind bitcoin as a treasury reserve asset. However, GME stock declined 10.9% throughout the day. With bitcoin increasingly adopted as a strategic treasury asset by major corporations, GameStop became the latest firm to take the plunge on Wednesday, May 28.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysPavel Durov said Telegram had reached a deal to distribute xAI’s Grok to users. He claimed xAI would pay Telegram $300 million in cash and equity plus 50% of subscription revenue. However, Elon Musk insisted that nothing has been signed yet. On Wednesday, May 28, Telegram CEO Pavel Durov and Elon Musk engaged in a bizarre back-and-forth on X that suggested some kind of tension or misunderstanding between the tech billionaires.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Home / News / Business / BlackRock Backs Telegram’s $1.5B Bond Deal With 9% Yield, IPO Discount Perks Published Published Key Takeaways Telegram will reportedly issue fresh bonds worth $1.5 billion. The money will be used to buy back existing bonds that mature next year. Participants in the sale include Citadel, which joins existing investors BlackRock and Mubadala Investment Company. Telegram is set to issue $1.5 billion in corporate bonds to refinance debt from a previous issuance in 2021....
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysIn a recent speech, SEC Commissioner Hester Pierce addressed the question of when securities law should apply to crypto. Pierce suggested that regulators should take into account assets’ functionality and decentralization. However, Ripple’s Chief Legal Officer Stuart Alderoty has warned against relying on “vague and untested concepts.”The Securities and Exchange Commission’s (SEC) crypto policy vibe shift under its Trump-appointed leadership has been broadly welcomed by the industry.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysIn the year to May, crypto brands increased their spending on sports sponsorships by 20%. Football and Formula 1 accounted for 71% of all deals. Meanwhile, spending on eSports is down 85% since 2022. With the crypto winter of 2022 now well in the rearview, companies in the space have more cash to spend and have been more willing to invest in future growth and marketing. Sports teams have been among the biggest beneficiaries of this trend.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysSam Bankman-Fried was originally sentenced to 25 years in prison in March 2024. However, he is on track to be released in December 2044. According to the Federal Bureau of Prisons, Bankman-Fried has earned time off his sentence for good conduct. Just over a year into his 25-year prison term, Sam Bankman-Fried (SBF) is already chipping away at his sentence.
-
1 week ago | 
ccn.com | Samantha Dunn |James Morales
Key TakeawaysThe Dubai Land Department (DLD) has been exploring real estate tokenization since 2017. A new platform, Prypco Mint, has launched on XRP Ledger. The DLD projects that tokenized assets will represent up to 7% of Dubai’s real estate market by 2033. On Sunday, May 25, the Dubai Land Department (DLD) announced the launch of a new real estate tokenization project leveraging XRP Ledger.