Cryptocurrency exchange Gemini co-founder Tyler Winklevoss claims the damage caused by United States Securities and Exchange Commission (SEC) chair Gary Gensler to the crypto industry is irreversible as speculation mounts that Gensler may resign. “Let’s all be clear on one thing. Gary Gensler is evil,” Winklevoss declared in a Nov. 15 X post. “He should never…
Oracle provider Chainlink has revealed the “Chainlink Runtime Environment” — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a single, unified ecosystem. According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL)…
Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin arms race between sovereign nations and governments has already started. In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the best interest…
Tether minted $1 billion in USDt stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence. The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.” Onchain records also show that…
Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see more than 50-fold growth. Real-world asset (RWA) tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities around these assets. Large financial institutions will be the…
The European Banking Authority (EBA), Europe’s regulatory agency in charge of addressing weaknesses in the banking sector, published two sets of guidelines, including a specific guide for payment service providers (PSPs) and crypto-asset service providers (CASPs). On Nov. 14, the EBA released guidelines that specify what PSPs and CASPs must do to comply with the European Union’s…
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