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
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
Banks are preparing their answer to stablecoins: tokenized deposits
Stablecoins have become one of the most important products in digital finance. Banks are now preparing their answer. … [Read more...] about Banks are preparing their answer to stablecoins: tokenized deposits
Robinhood brings tokenized stocks closer to the mainstream
Robinhood is making one of the clearest attempts yet to turn tokenized stocks from a crypto-market concept into a retail investment product. The company has launched Robinhood Chain, a Layer 2 blockchain designed for tokenized real-world assets, alongside stock tokens, new DeFi products and broader international crypto services. The move shows how quickly the line between … [Read more...] about Robinhood brings tokenized stocks closer to the mainstream