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Some of the NBAâs biggest stars are getting the ball rolling on a new blockchain venture. The Brooklyn Netsâ Spencer Dinwiddie and Garrett Temple, the Miami Heatâs Andre Iguodala, the Los Angeles Lakersâ JaVale McGee and the Orlando Magicâs Aaron Gordon are among the backers of a Dapper Labs blockchain project that looks to make the building of consumer products...
Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts. Matthew McDermott, Goldman's new digital asset global head, confirmed the U.S. investment bank was exploring whether to launch its own digital asset, CNBC reported Thursday. "We are exploring the commercial viability of creating...
Bison Trails has hired BlockTower Capitalâs former legal and compliance director to be its first general counsel. Elizabeth Ralston will be in charge of all legal, risk, compliance and policy matters at the blockchain infrastructure startup. Prior to her time at BlockTower Capital, Ralston was a vice president at investment bank Goldman Sachs. While at BlockTower, Ralston negotiated agreements with...
Ethereum is still the most popular off-chain destination for bitcoins as its supply of tokenized bitcoin (BTC) grew more than 70% in July. More than 20,000 BTC â worth roughly $225 million â are now tokenized and used in Ethereum-based protocols. Wrapped Bitcoin (WBTC) represents over 76% of the total tokenized bitcoin supply with over 15,500 BTC tokenized. The total...
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Twitter revealed that a number of employees fell victim to a âphone spear phishing attackâ in a new update on how its systems were compromised in the social media giantâs largest hack to date on July 15, according to a blog post shared Thursday. A spear-phishing attack is a targeted attempt to steal information such as account details or financial...
Convincing the U.S. Securities and Exchange Commission (SEC) that the Ethereum blockchain is an acceptable medium to store regulated investment funds was no easy task for Mason Borda of Tokensoft. The CEO of this Bay Area tokenization firm spent over two years crusading for a peer-to-peer tradable fund. Borda developed compliance-appeasing token standards, hired regulatory veterans to lead his transfer...
Bitcoin rose above $10,000 for the first time since June 10. The largest cryptocurrency spiked into five digits around 6 a.m. New York time on Sunday --- rising as high as $10,169, according to pricing compiled by Bloomberg. The gains quickly fizzled, initially, then rallied again later, gaining 1.9% to $10,080 as of 9:25 p.m. Bitcoin, which crypto fans have...
In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing the way for national banks to hold digital assets for their clients. The letter marks a major development for the crypto industry. Previously, custody was the province of...
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