The Verified USD Foundation has launched a new stablecoin, Verified USD (USDV), which is distinctively backed by tokenized US Treasury Bills (T-bills). This development marks a significant step in the cryptocurrency space, offering a stablecoin that combines the security of T-bills with the efficiency of blockchain technology. USDV: A Blend of Stability and Innovation USDV...
The US Commodity Futures Trading Commission’s enforcement division has reportedly found that the co-founder of Voyager Digital violated derivatives regulations before the company’s bankruptcy last year. Stephen Ehrlich is accused of misleading customers about the safety of their assets, according to sources. Voyager filed for bankruptcy in July 2020 due to a fall in crypto...
This week CACEIS received its digital asset custody license from French regulator Autorité des marchés financiers (AMF), as first reported by Coindesk. CACEIS is the security services firm jointly owned by Credit Agricole and Santander with €4.6 trillion ($5 trillion) in assets under custody. It is the French subsidiary CACEIS Bank that received the license....
In a press statement released on Tuesday, the Society for Worldwide Interbank Financial Telecommunication (Swift) revealed that it will work with prominent banks and Chainlink, a Web3 infrastructure provider, to experiment with linking private and public permissionless blockchains. Swift, a widely used global financial messaging system for international money and securities transfers, began conducting tests...
