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Tag: Crypto

Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America

While U.S. dollar-backed stablecoins continue to dominate the conversation, recent discussions with investors indicate a growing focus on the tokenization of real world assets (RWAs), including stocks, bonds, bank deposits, and real estate, Bank of America (BAC) said in a report Monday. According to BofA, this shift marks the...
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U.S. Added Just 73K Jobs in July, Unemployment Rate Rose to 4.2%

U.S. jobs market growth slowed considerably not just last month, but in May and June as well, likely giving more fuel to those calling for Federal Reserve rate cuts. Nonfarm payrolls rose 73,000 in July, according to a Friday morning report from the Bureau of Labor Statistics. That’s up...
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Crypto Treasury Companies Risk Ignoring Lessons from History, Warns Galaxy

The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital...
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This is Very Bullish (and Surprising) for XRP: Coinbase Reveals

XRP is up 400% over the past year, being one of the most impressive large-cap cryptocurrencies by this particular metric. The growth has been spurred by an influx of factors, including strategic moves by Ripple, the relatively positive roundup of the lawsuit with the US Securities and Exchange Commission,...
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Visa Expands Stablecoin Ecosystem To Include PayPal, Circle

Global digital payment company Visa, has announced plans to enhance its settlement platform by incorporating additional stablecoins and blockchain technologies.  This decision comes amid a global shift toward a more crypto-friendly landscape. After years of skepticism regarding digital assets, the US recently passed three significant bills aimed at providing...
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