Blockchain

When you centralize a blockchain, you lose much of its inherent value. Acting Comptroller Michael Hsu's support for centralized tokenization betrays a misunderstanding of the value of decentralization.

Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.

The blockchain company is targeting non-financial clients and new geographic regions in a series of product rollouts.

The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets.

Ripple, Coinbase and Circle all received licenses to operate under the nation's stablecoin regulations, which offer more clarity than American rules do.

The service was created to meet institutional clients' needs for real-time payments.

"Smart" contracts enable the Chicago-based trust bank to carry out deals without intermediaries, while archiving details on transactions that can be useful later. Experts say other banks could follow despite the complexities of cutting-edge technology and the risk of being hacked.

A Figure spokesperson said the decision to withdraw the banking charter application was to enable the company to focus on other areas of growth.

The Government Accountability Office called for Congress to pass blockchain regulation legislation to shore up the federal regulatory apparatus.

Spring Development Bank aims to use blockchain technology to support funding for the expelled leaders and provide financial services to the civil war-torn population.

A number of large banks, the Federal Reserve of New York and Swift participated in a proof of concept of a shared ledger that would allow cross-border transactions to settle instantly in U.S. dollars — with regulators literally in the loop. 

A judge ruled this month that a decentralized autonomous organization, or DAO, can be held liable for violating commodity exchange rules. That squashes the notion that the decentralized trading model is enforcement-proof.

A study from Surfshark found that crypto scams cost their victims about five times as much money as losses from other cybercrimes.

Like it or not, Big tech is going to become a player in financial services. It would be better to write rules now than to wait for a crisis.

A recent study looked at government-backed virtual currency.

The fintech founder was also Square's first chief technology officer and the chief product officer of blockchain-based payments company MobileCoin.

Move over, stablecoins; a new type of blockchain-based currency could take precedence, a bank report finds.

Mike Cagney, the former chief executive of the lending giant SoFi, is searching for investors for his latest startup, Figure Technologies. The company, which builds financial products on a blockchain, is also seeking to spin off some product lines as it navigates a dramatic industry downturn.

From BNY Mellon to the mutual fund giant Fidelity Investments, BlackRock and Nomura Holdings, members of the Wall Street establishment are planning for a future in digital assets.

Binance Holdings, the world's largest crypto platform, acknowledged that it mistakenly keeps collateral for some of the tokens it issues in the same wallet as exchange customer funds.