A version of this article appeared in our Roundup newsletter on September 6. Sign up Here. GM Liam here. Gavin Wood, co-founder of Ethereum and founder of Polkadot, has a new venture up his sleeve. In a rare interview, the Lancaster, England native explained how he tackled digital identities with a project called “Proof-of-Ink.” In … Read more
PitchBook reports that VC fundraising could peak in 2023. Tighter regulator scrutiny, scandals and financial uncertainty have deterred investors. However, PitchBook says VCs will break their funding record in 2026 for a reason. Venture capitalists are feeling better about crypto again. According to a report from PitchBook, VC funding is on course this year to … Read more
Client demand is pushing more banks toward tokenization, with some spending tens of millions of dollars to build the necessary infrastructure. Tokenization offers two advantages: speed and capital efficiency. Demand is heating up for tokenization, the process of converting traditional assets into digital tokens that can be traded on blockchains. State Street, a bank with … Read more
Trump’s World Liberty Could Raise $540 Million for Financial Insiders Code tests show plans for a token sale with a project value of $1.8 billion. It is not clear whether the token sale will attract the attention of regulators. World Liberty Financial, an upcoming DeFi app linked to members of the Trump family, could provide … Read more
Telegram’s CEO vowed to improve the app after being arrested in France in August.Cryptocurrency TON has bounced back from rejections after the app chief’s statement. Pavel Durov aims to “significantly improve” the app, as officials say he hasn’t done enough to curb illegal activity. Toncoin, a cryptocurrency closely associated with messaging app Telegram, rallied after … Read more
The financial markets watchdog rejected 87% of crypto applications due to money laundering concerns. The FCA has faced criticism for its slow approval rate. The Financial Conduct Authority said the number of applications for crypto firms scrapped due to money laundering concerns has increased by 87% compared to last year. Report Released on Thursday. is … Read more
Cosmos Foundation’s management comes under fire in governance vote. ICF pledges more transparency after shakeup It’s not the only blockchain nonprofit to face accusations of financial impropriety. Cosmos is a Swiss non-profit organization that supports blockchain a vote Disbelief over suspicion that its leadership had mishandled funds intended to promote the development of Cosmos. Like … Read more
Crypto bank Custodia is battling the Kansas City Fed in court. In short, success sets a dangerous precedent for Fed banks to custodian. A crypto bank custody battle with the Kansas City Federal Reserve over access to critical banking services puts the entire US banking system at risk. That according to a Briefly 11 other … Read more
Big tech stocks led a heavy sell-off on Tuesday. AI leader Nvidia lost more than $250 billion in its market cap. However, this setback will not stop the growth of AI-crypto projects, experts say. Crypto-linked artificial intelligence projects ride out market volatility to soar beyond their $25 billion market. They said, according to Alice Liu, … Read more
Uniswap Labs settled the allegations with the CFTC. The US regulator accused Uniswap of illegally offering leveraged trading. Protocol required a fine of $175,000. Uniswap Labs, the parent company behind Ethereum’s largest decentralized exchange, has settled allegations that it illegally allowed the trading of leveraged Bitcoin and Ether. The company will pay a $175,000 penalty, … Read more
Fed targets United Texas Bank for serving crypto customers The bank alleged “significant lapses” in its adherence to anti-money laundering laws. The management of the company consented to the cease and desist order. United Texas Bank, one of a handful of domestic lenders still banking on crypto firms in the United States, has drawn the … Read more
The Federal Reserve announced rate cuts were coming last month. This has caused Treasury bill yields to fall. The reverse repo program now has a higher yield than bonds and this is again inhaling liquidity. The Federal Reserve will raise interest rates soon. In the meantime, crypto probably won’t do well. This is according to … Read more