Asset tokenization to reach $2T by 2030 despite ‘cold start’ — McKinsey

The United States Federal Reserve Chairman Jerome Powell said on Feb. 7 that the “disinflationary process, the process of getting inflation down,” has started but it is still in its very early stages. He cautioned that strong data would be met with more rate hikes. Though the comments are mixed, they triggered buying in the…

California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3.SoFi is now one of 24 crypto-related firms that have obtained a BitLicense since 2015, Bloomberg Law’s crypto reporter Lydia Beyoud tweeted the same day.Specifically, SoFi has acquired two…

India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding digital currencies in the country. 2993 Total views 16 Total shares Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society has launched a physical crypto bank branch in Jaipur, India.Back in…

Millions of retailers currently accept Google Pay as a form of payment, potentially giving Bakkt users the ability to pay in crypto at a variety of stores and online markets. 1600 Total views 25 Total shares Users who hold debit cards issued by cryptocurrency exchange Bakkt will be able to convert their crypto balances to…

Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance. The Ministry of Finance in Palau officially launched the second phase of the Palau Stablecoin (PSC) Program. Jay Hunter Anson, a cybersecurity consultant in Palau, confirmed the initiation of the country’s CBDC

Three crypto based apps have concealed a nasty surprise for those that have downloaded them. 4271 Total views 13 Total shares Cyber security researchers have discovered a year-long malware operation that has targeted cryptocurrency users with the creation of a number of fake apps.Security firm Intezer Labs warned that ever increasing crypto prices have created…

A group of 33 businesses and tech companies have signed a joint letter to EU regulators urging them not to over-regulate emerging AI technologies at the cost of innovation. 41 Total views 1 Total shares A group of businesses and tech companies have issued a joint letter to European Union regulators warning against over-policing powerful

Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares.Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to…