BitMEX, one of the cryptocurrency industry's earliest derivatives exchanges, will cease operations by Sept. 23, bringing to a close an 11-year run that helped shape the market for leveraged digital-asset trading. … [Read more...] about BitMEX to shut down after 11 years as crypto competition intensifies
Visa launches platform for banks to mint and manage stablecoins
Visa has launched a new enterprise platform that will allow banks, fintech companies and other payment providers to access, issue and manage stablecoins through a single Visa-operated environment. … [Read more...] about Visa launches platform for banks to mint and manage stablecoins
UK bets on tokenization to reinforce London’s financial edge
The U.K. is making its strongest push yet to position itself as a global leader in blockchain-powered financial markets, unveiling a government-backed strategy that argues tokenizing traditional assets could generate as much as £33 billion ($44 billion) in additional annual economic output by 2035. … [Read more...] about UK bets on tokenization to reinforce London’s financial edge
Tether invests $20 million in Mercado Bitcoin to expand Latin America tokenization push
Tether Holdings Ltd. will invest $20 million in Brazilian crypto platform Mercado Bitcoin, betting that demand for tokenized financial assets and blockchain-based payments will continue to grow across Latin America, according to a company announcement. … [Read more...] about Tether invests $20 million in Mercado Bitcoin to expand Latin America tokenization push