Category: crypto

Franklin Templeton and Citigroup are adopting the Solana blockchain for financial services. Franklin Templeton plans to launch a mutual fund on Solana, citing its low transaction costs and scalability. Citi aims to use Solana for cross-border payments and smart contracts. This reflects a growing trend of blockchain adoption among traditional financial institutions.

Die deutschen Behörden haben 47 Krypto-Börsen geschlossen, die in Geldwäsche verwickelt waren. Diese Exchanges ermöglichten anonymen Austausch von digitalen Vermögenswerten, was gegen die Anti-Geldwäsche-Gesetze verstößt. Die Behörden sichern Daten zur Bekämpfung von Cyberkriminalität und haben kürzlich auch in Kooperation mit den USA weitere Plattformen geschlossen.

VanEck reported increased institutional and sovereign interest in Bitcoin (BTC), driven by exchange-traded products and mining. Despite a decline in smaller transactions, on-chain Bitcoin transfers surged 202%. Bitcoin’s appeal as a reserve asset strengthened due to institutional involvement, censorship resistance, and sovereign adoption, indicating a shift toward broader acceptance.

Former President Trump’s DeFi project, World Liberty Financial, will face strict SEC regulations, according to Commissioner Mark Uyeda. While emphasizing the need for disclosure, he cautioned that regulatory hurdles remain. The lack of clarity in crypto regulations could hinder innovation, prompting calls for a more transparent framework for the industry.

Sky, formerly MakerDAO, voted to remove Wrapped Bitcoin (WBTC) as collateral for borrowing, with a process starting on Oct. 3 and expected to conclude by Nov. 14. Despite concerns voiced by BitGo’s CEO about the impact on users, 88.1% voted in favor, prompting SparkLend to implement changes to reduce WBTC’s attractiveness as collateral. Build by…