Elon Musk is reportedly considering using blockchain technology at the Department of Government Efficiency (DOGE). Musk, head of the newly created agency, has floated the idea of using a digital ledger to cut government spending, Bloomberg News reported Saturday (Jan. 25), citing sources familiar with...
The marriage of blockchain and traditional finance is a paradoxical relationship. The financial services, banking and payments sectors are among the world’s most regulated. As for blockchain? The Web3 space has traditionally been a bit more of a free-for-all when it comes to regulatory frameworks...
Bitcoin is reportedly approaching a record high as the inauguration of President-elect Donald Trump nears. The cryptocurrency was priced at $104,538 Friday at 2:12 p.m. Pacific time, a figure that was up 4.56% for the day and 12.96% for the week, according to TradingView. Earlier Friday,...
Fresh innovations are taking shape across the cryptocurrency and blockchain landscape. From stablecoins gaining traction as mainstream payment mechanisms to increasing regulatory scrutiny and advancements in blockchain interoperability, the industry’s evolution is both rapid and multifaceted. In the FinTech space, this can be seen by...
For years, crypto has had its adherents and investors. But it was never truly taken seriously by the traditional financial sector and its composite institutions, the U.S. regulatory desert aside. As evidenced by a Monday (Jan. 13) report from the Federal Reserve Bank of Atlanta,...
Meeting customer needs is an imperative for financial institutions aiming to stay competitive. But innovations often run into the elephant in the room: outdated and incompatible banking tech stacks. Offering financial and payment solutions such as blockchain and stablecoin services isn’t as simple as flipping...
The rise of stablecoins was one of crypto’s biggest stories in 2024. As the Friday (Jan. 10) request for comment on new regulations by the U.S. Consumer Financial Protection Bureau (CFPB) reveals, that rise has not gone unnoticed. In a last-minute policy push, the agency’s...
As blockchain technology matures and quantum computing pokes its head around the corner, observers believe the intersection of these two forces could hold the potential to redefine not only payment capabilities but also how corporate treasuries manage risk, model finances, forecast liquidity and guard against...
While the cryptocurrency market continues to oscillate between hype and real-world potential, many of the world’s biggest banks have for years been quietly cutting their teeth on the technology that underpins it: blockchain. For at least the past few years, a handful of pilot initiatives...
