The New York Stock Exchange (NYSE) has selected Avalanche to provide the core ledger technology for clearing and settling tokenized securities on its planned blockchain-based trading platform. … [Read more...] about New York Stock Exchange selects Avalanche for 24/7 tokenized stock settlement
Standard Chartered launches tokenized deposits in Hong Kong
Standard Chartered has launched a tokenized-deposit service for corporate clients in Hong Kong, allowing businesses and financial institutions to transfer commercial bank money on blockchain infrastructure and settle transactions around the clock. … [Read more...] about Standard Chartered launches tokenized deposits in Hong Kong
Launching Into a Graveyard: Why Visibility Became a Survival Skill for Crypto Projects
More than half of the cryptocurrencies tracked on GeckoTerminal have failed: 53.2%, according to CoinGecko Research. The finding highlights an uncomfortable reality for crypto founders: entering the market has become easier, but staying relevant has become considerably harder. … [Read more...] about Launching Into a Graveyard: Why Visibility Became a Survival Skill for Crypto Projects
Binance says $6.3 billion hack began with fake job interviews
Binance has disclosed that hackers stole approximately $6.3 billion in cryptocurrency in an attack that began with compromised employee computers and fraudulent recruitment interviews, exposing weaknesses in the exchange’s internal security systems. … [Read more...] about Binance says $6.3 billion hack began with fake job interviews
Binance faces confidence test after $6.3 billion crypto heist
Binance is working to restore customer confidence after a $6.3 billion cryptocurrency theft, one of the largest security incidents in the industry's history, as the exchange resumes withdrawals and uses its own reserves to cover the losses. … [Read more...] about Binance faces confidence test after $6.3 billion crypto heist
Binance pledges to cover $6.3 billion losses after record crypto heist
Binance has pledged to cover approximately $6.3 billion in cryptocurrency stolen from its platform, in what analysts describe as the largest crypto heist on record, putting the exchange's financial resilience and customers' confidence to the test. … [Read more...] about Binance pledges to cover $6.3 billion losses after record crypto heist
HSBC launches first stablecoin for 3.3 million PayMe users in Hong Kong
HSBC has launched its first stablecoin, RedCoin (RCHKD), through its PayMe payments app in Hong Kong, bringing bank-issued digital money within reach of more than 3.3 million existing users. … [Read more...] about HSBC launches first stablecoin for 3.3 million PayMe users in Hong Kong
Circle targets 40 new markets as stablecoin demand grows
Circle plans to expand into roughly 40 emerging and developing markets as demand for stablecoins grows globally, Chief Executive Jeremy Allaire told Reuters, signaling a push to broaden the reach of its USDC dollar-pegged stablecoin beyond established markets. … [Read more...] about Circle targets 40 new markets as stablecoin demand grows