PNC Bank Brings USDC Payments To Corporate Clients – What It Means For Crypto Adoption
One of America’s largest banks is taking another step into blockchain-based payments. PNC Bank has introduced a new service allowing eligible corporate clients to receive USDC stablecoin payments and convert them directly into U.S. dollars. The…
Bitmine Says Its Controls Are Still Not Effective as ETH Ended the Year $5.4 Billion Below Cost
The ether treasury company's annual report also details a $143.7 million derivatives loss and a new 1.5% staking-fee deal with an Ethereum Tower affiliate. The post Bitmine Says Its Controls Are Still Not Effective as ETH Ended the Year $5.4 Billion…
U.S. Home Price Token Backed by $50 Million Will Not Be Sold to Americans
TLDR Index Industries came out of stealth with a $50 million seed round led by Lightspeed Venture Partners. Former Polychain Capital President Josh Rosenthal is CEO, and Longmark CEO Brian Hardecker is chairman. The company’s USHP Index will track U.S.…
Bitcoin short-term holders send 47K BTC to exchanges at a loss
Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
Kalshi Says CFTC Warning of Imminent Charges Stems From a ‘Procedural Error’
The derivatives regulator has reportedly told the $40 billion prediction market that charges over how it notified the agency about new products could come soon. The post Kalshi Says CFTC Warning of Imminent Charges Stems From a ‘Procedural Error’…
eToro Q3 Profit Drops 74% as Crypto Trading Activity Slows
eToro reported third-quarter net income of about $15 million, down from $57 million a year earlier, as crypto-related activity weakened. Its…
Crypto Wallets Could Soon Hold Real US Stocks After Plume Broker Gets SEC Nod
TLDR Kimber Digital Securities, a Plume affiliate, is now an SEC-registered broker-dealer and FINRA member. The firm plans to let U.S. investors hold real stocks, ETFs and bonds as tokens in their own wallets. Tokens are meant to carry the same legal…
Crosschain protocol Across restores systems after domain hijack
Attackers gained control of Across's official domain through a social engineering attack on its domain registrar, Namecheap.
Chainlink Crypto Network Helps Moody’s Test Blockchain Credit Ratings for Tokenized Assets
TLDR Moody’s Ratings and Chainlink finished a pilot that sent credit ratings to several blockchains at the same time. The test used Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Moody’s Token Integration Engine (TIE). The pilot ran on a…
Kraken parent Payward adds 200 tokenized UK and European equities to xStocks offering
Kraken parent Payward added more than 200 UK and European equities to xStocks, taking its tokenized offering past 1,500 assets.