Author: Assad Jafri

TradFi giant State Street Corp. is considering launching its own stablecoin and tokenized deposits in a bid to enhance its payment settlement capabilities using blockchain technology, Bloomberg News reported on July 17, citing sources familiar with the matter. Sources told the newswire that these initiatives aim to leverage the company’s investment in UK-based payment startup

Galaxy Digital CEO Mike Novogratz has forecasted a favorable regulatory environment for cryptocurrencies in the US regardless of who wins the 2024 presidential election outcome. Speaking about the future of the crypto sector during a CNBC interview, Novogratz highlighted the importance of bipartisan support. He said: “Crypto should be a bipartisan issue…

The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) — reflecting a sharp increase in experiments and pilots, especially with wholesale CBDCs. The findings — detailed in a report titled “Embracing Diversity…

SEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US. Gensler confirmed that the ETFs would be able to launch by the end of summer…

US Treasury Secretary Janet Yellen expressed significant concerns about the potential dangers artificial intelligence (AI) poses to the stability of the financial system. Yellen made the remarks during a keynote address at a conference on AI and financial stability on June 6. Her speech stressed the urgency of addressing these emerging risks and called of