Samsung Electronics Co. is moving to bring stablecoins directly into Samsung Wallet, potentially giving blockchain-based dollars a distribution channel spanning hundreds of millions of Galaxy devices. … [Read more...] about Samsung targets stablecoin distribution across hundreds of millions of Galaxy phones
BlackRock positions tokenized cash for the stablecoin era
BlackRock is expanding deeper into tokenized finance, this time targeting one of the fastest-growing opportunities created by U.S. stablecoin regulation: managing the assets that sit behind digital dollars. … [Read more...] about BlackRock positions tokenized cash for the stablecoin era
Clarity Act stalls as Senate runs out of time before August recess
The U.S. crypto industry’s push for comprehensive market-structure legislation is facing another delay as the Senate approaches its August recess without a final deal on the CLARITY Act. … [Read more...] about Clarity Act stalls as Senate runs out of time before August recess
Strategy reports $8.2 billion second-quarter loss on bitcoin valuation
Strategy Inc. reported a net loss of $8.2 billion for the second quarter, as changes in the market value of its Bitcoin holdings weighed on earnings under fair-value accounting rules. The company, which has transformed itself from an enterprise software provider into the largest corporate holder of Bitcoin, said it continues to view the cryptocurrency as its primary treasury … [Read more...] about Strategy reports $8.2 billion second-quarter loss on bitcoin valuation
The hardware wallet turns twelve: how two people in a Prague hackerspace invented the industry
Twelve years ago there was no such thing as a hardware wallet. To hold your own Bitcoin safely you needed a spare computer, a working knowledge of Linux, and the nerve to trust a setup you had wired together yourself. Most people did not have all three. They left their coins on exchanges and hoped for the best. … [Read more...] about The hardware wallet turns twelve: how two people in a Prague hackerspace invented the industry
BitMEX to shut down after 11 years as crypto competition intensifies
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