Tag: Assets

US banks can handle customer crypto assets held in custody, regulator confirms

coiner

The US Office of the Comptroller of the Currency (OCC) has confirmed banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties.  Acting comptroller Rodney Hood said in a May 7 letter that banks and federal savings associations can buy and sell crypto they hold in custody at customers’ direction. The OCC added in a press release that financial institutions can also outsource bank-permissible crypto activities, including custody and execution services, to third parties in compliance with applicable law. “Additionally, these…

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Bitcoin enters world’s top 5 largest assets, surpassing Google, Silver, Amazon

coiner

Bitcoin (BTC) has overtaken Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization. As of April 23, Bitcoin’s market cap surged to $1.87 trillion, edging past Alphabet’s $1.859 trillion valuation, according to asset ranking data. BTC is now behind only gold, Apple, Microsoft and Nvidia. Top assets by market cap. Source: CompaniesMarketCap.com Bitcoin beats Nasdaq 100 returns in April Bitcoin’s edge over Alphabet coincides with its ongoing “decoupling” from its long-standing correlation with US tech stocks, especially in April, when BTC’s price rallied 15% despite the…

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White House Draws Line Between Bitcoin And Digital Assets At Its First Crypto Summit, In EO

coiner

“From this day on, America will follow the rule that everyone in Bitcoin knows very well — never sell your Bitcoin.” -President Donald Trump, 3/7/25 at inaugural White House Crypto Summit The President of the United States is now reciting popular Bitcoin maxims as they pertain to America’s bitcoin stack. Wild. It’s clear that he’s gotten the message that bitcoin is something altogether different than all other digital assets. He’s proven this not only by what he said at today’s Crypto Summit, but also by signing an executive order (EO)…

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Bahamas Enacts Digital Assets and Registered Exchanges Act

coiner

The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asset landscape. Christina Rolle, Executive Director of the Securities Commission, emphasized […] Source link

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Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC

coiner

The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making the Digital Currency Compatible with Liberia’s Mobile Money System Gluwa, a real-world […] Source link

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From Gold To Bitcoin: The Evolution Of Retirement Assets And The Rise Of Bitcoin IRA

coiner

Gold has played a vital role in economics and politics, influencing much of human financial activity through shifts in economic systems. It has proven versatile and stable across upheavals and social changes. It even became a vital tool in global trade and currency exchange as we know it today. In the 19th century, gold was the backbone of the global monetary system. Nations relied on the gold standard until the Great Depression and World War I. These events were significant inflationary catalysts, and economies, in a decades-long transition, abandoned the…

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Bug in Aave v2 Polygon causes some assets to become stuck in contracts

coiner

A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave v2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to fix the bug through a patch. The proposal says that users are currently unable to “supply more of those assets, borrow, repay, or withdraw.“ Although withdrawals are currently impossible, the team stated that funds are “perfectly safe,” as the bug can…

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G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

coiner

The G7 committee recently met in Niigata, Japan to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets. In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs with the caveat that further investigation was needed to ensure they are grounded in “transparency, the rule of law, sound economic governance, cyber security and data protection.” The communique described the International Monetary Fund’s (IMF) work in developing a “CBDC Handbook” as “welcome” and…

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