Tokenized gold assets surpassed $1 billion in combined market capitalization on Tuesday, according to data by crypto price tracker CoinGecko, as gold’s price neared its all-time high. Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer. […]
Digital asset-based trusts and funds have boosted their bitcoin holdings as investor demand has rebounded in the weeks following a number of bank failures. Data from crypto analytics firm CryptoQuant showed the amount of bitcoin (BTC) held by digital asset managers such as trusts and exchange-traded products (ETPs) started to fall sharply in early March, […]
JPMorgan CEO and crypto critic Jamie Dimon is issuing a warning on inflation and a potential incoming economic crisis. In Dimon’s latest annual letter to JPMorgan’s shareholders, he says that the US’ largest bank is prepared for potentially higher interest rates, and higher and longer-lasting inflation. Dimon says that assets across the board, including crypto […]
The Commodities Futures Trading Commission (CFTC) filing against Binance represented the culmination of increased regulatory pressure on the crypto industry. On March 27, the CFTC sued the company, its CEO Changpeng Zhao (CZ), and its compliance lead Samuel Lim for violating commodities regulations in the U.S. The market reacted switftly to the filing, with Bitcoin […]
Satsuma, a blockchain data indexing platform, announced that it raised $5 million in a seed funding round co-led by Initialized Capital and Archetype. Other investors included OpenSea, Y Combinator, Homebrew and South Park Commons. Satsuma was founded in March last year and closed the round in May, co-founder and CEO Jonathan Kau told The Block […]