Jefferies, a Wall Street investment bank, said maturing blockchain infrastructure and incremental regulatory progress are laying the groundwork for a new wave of tokenization by institutions in traditional finance (TradFi). Broad adoption, however, depends on having clear U.S. market structure rules, it said. The bank pointed to the draft Digital Asset Market Clarity Act as…
The U.S. Marshals Service (USMS) is investigating allegations that the son of a Department of Defense and Department of Justice services provider, charged with managing cryptocurrency seized by law enforcement, stole more than $40 million worth of confiscated digital assets. Blockchain investigator ZachXBT accused John “Lick” Daghita, son of Dean Daghita, president of CMDSS —…
The context: Former BlackRock Head of Digital Assets Strategy, and SharpLink CEO, Joseph Chalom says institutional giants are betting heavily on Ethereum to serve as the global infrastructure for asset tokenization, ignoring current price stagnation. He outlines three key drivers for a projected 10x surge in Ethereum activity this year: BlackRock’s Larry Fink has signaled…
Bitcoin BTC$87,571.90 remained stuck in limbo at around $88,000 on Monday as gold and silver extended their blistering rallies before paring gains. BTC is up a bit from what’s now becoming a renewed pattern of panicky weekend selling, but down from around the $90,000 late Friday. Rising odds of a government shutdown on Jan. 31…
Deus X Capital’s Tim Grant wants real talk only when he’s speaking to others in the crypto industry. Deus X is a family office-backed investment and operating company that focuses on unlocking value across capital markets, fintech and digital assets to help build a fairer, more accessible financial system. Led by CEO Grant, Deus X…
Whether someone has squirreled away a trove of early bitcoin BTC$88,186.15 holdings, or a grandchild has persuaded an older family member to take a flyer on some coin or token, intergenerational wealth transfer these days might easily include crypto. Not so long ago, families in this position faced uncertainty about the basics: Does crypto count…
Russia has officially banned Ukrainian-founded cryptocurrency exchange WhiteBIT, escalating efforts to crack down on firms it says are supporting Ukraine’s war effort. The country’s prosecutor general designated WhiteBIT and its parent company, W Group, as “undesirable organizations,” a legal label that criminalizes any activity involving the firm in Russia. Russian authorities accused the exchange of…
As if continuing declines in the bitcoin price weren’t enough, shares of bitcoin miners who have shifted their business plan to focus on AI infrastructure were mostly sharply lower Monday following Nvidia’s $2 billion investment in CoreWeave. While the investment underscores growing demand for high-performance computing as AI applications expand, it also highlights the challenges…
If Congress fails to pass market structure legislation this year, the U.S. crypto market would not revert to the enforcement-heavy environment of 2022 and 2023, but it would remain structurally constrained at a moment when global adoption and institutional interest are accelerating, Wall Street broker Benchmark said. “The absence of legislation would cause a structural…
Strategy (MSTR) continued its weekly bitcoin BTC$87,961.46 purchases last week, although at a reduced level from the $1 billion-plus acquisitons of the previous two weeks. Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoin for $264.1 million, or an average price of $90,061 each. The company’s holdings now stand at 712,647 bitcoin acquired for…
