Author: John Smith
BNY, one of the oldest banks in the U.S., has unveiled a new stablecoin reserves fund targeted at boosting institutional adoption of cryptocurrencies. Summary BNY has launched a new stablecoin initiative as it expands its footprint across digital assets. The bank’s Dreyfus Stablecoin Reserves Fund will cater to issuers complying with the GENIUS Act. Stablecoin growth has experts predicting expansion into a $1.5 trillion market by 2030. The global financial services firm announced the launch of its money market fund dubbed BNY Dreyfus Stablecoin Reserves Fund on November 13. The fund, BSRXX, is for U.S. stablecoin issuers and other qualified…
The Czech National Bank, the central bank of the Czech Republic, has established a $1 million digital asset portfolio pilot, with plans to hold Bitcoin, a stablecoin, and a tokenized asset. Summary Czech National Bank makes historic first Bitcoin buy by a central bank. The CNB has purchased $1 million for its digital asset test portfolio, with Bitcoin, a stablecoin and tokenized asset. The bank plans to use the portfolio to learn about blockchain processes, including trading and accounting. The Czech National Bank announced on Nov. 13 that it would create a $1 million test portfolio for digital assets, calling…
Pi Network price holds steady at $0.21 support, showing early signs of accumulation as sellers lose control and momentum shifts toward potential bullish expansion. Summary Pi Network holds firm above key $0.21 support. Early signs of accumulation and volume recovery visible. A confirmed higher low could trigger a bullish reversal. If the $0.21 support level holds and volume gradually increases, Pi Network (PI) could enter a bullish rotation phase toward the $0.29–$0.37 resistance region. However, if the support fails to hold on a closing basis, it could invalidate the short-term bullish setup and expose the asset to deeper retracement zones.…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Identity verification is a fundamental part of everyday activities. People need it in banks, workspaces, educational institutions, and healthcare facilities. But the traditional identity verification system is broken due to error-prone mechanisms, long delays, data silos, and non-compliance risks. Summary Traditional identity verification is plagued by errors, delays, and disjointed data systems, leading to rising identity theft and poor user experiences with repetitive KYC checks. By encrypting data off-chain and storing verification hashes on-chain, blockchain-based systems let…
Singapore and Germany’s central bank have agreed on a collaboration involving cross-border digital asset settlements between the two countries. Summary The Monetary Authority of Singapore and Deutsche Bundesbank have signed an MoU to jointly develop cross-border digital asset settlement solutions aimed at making international transactions faster and more cost-effective. Building upon Singapore’s Project Guardian initiative, the partnership seeks to establish universal standards for tokenized assets, payments, and securities to enhance global financial interoperability. According to the press release, Monetary Authority of Singapore and the Deutsche Bundesbank agree to join forces on cross-border digital asset settlements in hopes of advancing international…
Crypto prices today are showing early signs of stabilization as the prolonged U.S. government shutdown comes to an end. The total crypto market capitalization has fallen 0.6% over the past 24 hours but is edging higher. At press time, Bitcoin… Source link
Canary Capital has taken another step in its crypto exchange-traded fund expansion, filing with the Securities and Exchange Commission for a new product tied to a memecoin. Summary Canary Capital filed to launch the first U.S. spot ETF tracking MOG Coin. Filing coincides with the launch of Canary’s spot XRP ETF on Nasdaq. New Treasury guidelines open path for staking in Solana and Ethereum ETFs. Canary Capital Group LLC has filed an application with the U.S. SEC to launch the Canary MOG ETF, a fund that would track the price of MOG Coin. The filing, made on Nov. 12, marks…
On Nov. 11, an Argentine court froze Libra tokens held by Hayden Davis—the central figure in a Libra scandal—and two suspected intermediaries, citing suspicions the assets were used to bribe public officials. The move follows Circle’s earlier freeze of USDC linked to the Libra team. In recent years, crypto issuers have occasionally frozen tokens linked to flagged addresses—typically in response to exchange hacks or scams aimed at stopping bad actors. Yet the fact that issuers can unilaterally lock holders’ funds runs counter to one of crypto’s core principles: “not your keys, not your coins.” The question now is whether this…
U.S. Securities and Exchange Commission chair Paul Atkins says the regulator is considering a new framework for classifying digital assets. Summary Paul Atkins says the regulator is considering a new framework for digital asset classification. The SEC chair says a token taxonomy “anchored in the longstanding Howey investment contract” securities analysis is key. Digital commodities or network tokens, digital collectibles, and digital tools are not securities, but tokenized securities are. While speaking at the Federal Reserve Bank of Philadelphia, Atkins recalled “Project Crypto,” an initiative the agency rolled out earlier in the year as part of the new regulatory shift…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP investors are turning to LeanHash for high daily yields as Ripple’s ecosystem enters a new growth phase. Summary XRP investors flock to LeanHash, earning XRP daily as the project drives a new “crypto SWIFT” era. LeanHash fuels XRP’s next growth phase, offering high daily yields and bank-grade security for global investors. As the XRP ETF nears, LeanHash emerges as the go-to platform for investors seeking stable, green cloud mining income. Amidst market volatility and a price hovering around…