The DAI stablecoin’s issuing body, MakerDAO, has voted in favor of increasing its allocation to existing US Treasury holdings. DAI’s stablecoin liquid backing is being diversified by exposure to real-world assets (RWAs). Such as an increase in investments in government treasury bonds. Last year, MakerDAO’s RWA strategy kicked off with
Larry Fink, CEO of the biggest asset management firm in the world, BlackRock, thinks tokenizing asset classes like stocks and bonds might enhance efficiency in capital markets and increase investor access. BlackRock is looking into the digital asset sector, and the CEO said in his most recent annual letter to
AIBC Eurasia 2023 conference in Dubai, UAE, began with the greatest blockchain and AI developers, C-level executives, legal professionals, and policymakers in attendance. TheNewsCrypto’s exclusive interview with Anita Kalergis, A.K.A KryptoGranny. About Anita Kalergis Anita Kalergis is a seasoned business development and market-making professional with nearly two decades of experience
Due to the drastic previous year and collapse of multiple behemoths including FTX, Anchorage Digital is the latest cryptocurrency company to announce strategic layoffs. The firm has had to lay off around 75 employees, or 20% of the total workforce. A corporate spokesperson informed that the layoffs are unconnected to
Past weekend has given a panic attack to every other person in the financial sector, whether the conventional banking arena or the crypto market. The current week has started quite positively now. Bitcoin (BTC) moved up from $19.6K to $24.8K. The intense rise in the price and sudden drop is
Crypto Expo Dubai 2023 commenced with a successful amalgamation of the crypto industry’s leading experts and companies in the finest arena. The following is an exclusive interview with Katharine Wooller, the Business Unit Director of Coincover by TheNewsCrypto at this prime crypto event. About Katharine Wooller Katharine Wooller is the
Bitcoin (BTC) fell roughly 8% in the last 24 hours before Friday morning’s employment figures. But it has since recovered marginally, rising back to just around $20,000. A steady unemployment rate of 3.4% was predicted, but instead, the rate increased to 3.6%. Recent statistics indicate a frightening $2 trillion loss
Company raises $15M to bring privacy-protective compliance to Decentralized Finance (DeFi) Mauve seeks to advance efforts to restore trust in crypto globally NEW YORK–(BUSINESS WIRE)–Violet, the world’s leading provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), today announced the launch of Mauve, the world’s first compliant Decentralized
Silvergate, the crypto-friendly banking service wind down its operations and is in process of voluntary liquidation. The bank announced the stoppage of crypto payment services, which was major “the heart” of the firm, as the week began. The crypto ecosystem now will have one less banking support. Silvergate news announcement
Leading crypto exchange Gemini stated on its official Twitter account that “Gemini’s banking relationship remains intact with JPMorgan.” This statement comes after the rumors claimed earlier on Wednesday which cited an unnamed source, the American multinational financial service company JPMorgan is ending its banking relationship with the cryptocurrency exchange. Despite
