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Fidelity Enters Tokenization Race with OnChain Treasury Fund Fidelity Investments has officially filed to register a blockchain-based tokenized version of its U.S. dollar money market fund, aiming to revolutionize financial transactions and join the booming tokenization of U.S. Treasury funds. Background and Context The tokenization of U.S. Treasury fund initiatives mark a pivotal moment in…
Fidelity Launches OnChain U.S. Treasury Fund in Tokenization Race Fidelity Investments, a prominent U.S.-based asset manager, has officially filed paperwork to register a blockchain-based, tokenized version of its U.S. dollar money market fund. This strategic move aims to position Fidelity within the rapidly evolving landscape of asset tokenization. According to a recent filing with the…
SEC Aims to Revamp Its Relationship with the Crypto Industry The U.S. Securities and Exchange Commission (SEC) is actively working to redefine its relationship with the cryptocurrency sector, even as it awaits the confirmation of a permanent chair by Congress. This initiative was highlighted during a recent roundtable event held at the SEC’s headquarters in…
SEC Commissioners Seek Workable Crypto Policy Framework WASHINGTON, D.C. — The staff at the U.S. Securities and Exchange Commission (SEC) has embraced the opportunity to collaborate with the crypto industry in developing a comprehensive policy for overseeing digital asset transactions. Commissioner Hester Peirce, who leads the agency’s crypto task force, emphasized the SEC’s readiness to…
German Regulator Uncovers Issues in Ethena’s USDe Stablecoin In a significant development for the cryptocurrency landscape, Ethena has announced its intention to explore alternative regulatory frameworks following a notification from Germany’s Federal Financial Supervisory Authority (BaFin). The regulator has pointed out several ‘deficiencies’ in Ethena’s USDe stablecoin, raising concerns about the company’s compliance with the…
Weekly Market Recap: Crypto Stability Amid Industry Growth This week in the cryptocurrency landscape, the markets exhibited a flat performance, with Bitcoin trading within a narrow range of $83,000 to $84,000. The overall crypto market, represented by a key index tracking approximately 80% of digital assets, remained steady at around 2,600. This stability comes amidst…
HK Asia Holdings Expands Bitcoin Holdings Amid Fiat Currency Concerns In a strategic move reflecting the growing confidence in cryptocurrency, HK Asia Holdings has made significant investments in Bitcoin, purchasing approximately 18.88 BTC for around $1.72 million. This acquisition, completed through open market transactions, is funded by the company’s internal cash reserves. The decision comes…
Crypto Whale Exposed: Convicted Fraudster Made Millions Trading A mysterious crypto trader who raked in millions through leverage trading has been unmasked as William Parker, a convicted fraudster, according to blockchain investigator ZachXBT. This revelation sheds light on the often murky world of cryptocurrency trading, where high stakes and high risks can lead to both…
U.S. Government Lifts Tornado Cash Sanctions Amid Controversy The U.S. government has made a significant decision to lift sanctions on Tornado Cash, a cryptocurrency mixing tool that has been at the center of a heated debate regarding its alleged involvement in facilitating money laundering for North Korea’s Lazarus Group. This move comes after a federal…
Crypto’s Fairshake PAC Boosts Republicans with Last-Minute Funding in Florida The crypto industry’s Fairshake political action committee (PAC) is making waves in Florida’s political landscape by flooding Republican candidates with last-minute financial support in crucial special congressional elections. With two U.S. House of Representatives seats recently vacated due to resignations, the stakes are high for…
