News with the tag "traditional finance"

Mastercard is announcing a new partnership with Ondo Finance ( ONDO ) that will see the project join the credit card giant’s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets. In a new press release, Mastercard says it is joining forces with the real-world asset ...

The financial world keeps moving fast as TradFi and DeFi look at new ways of working together. TradFi has for a long period of time served as the backbone of global economies through offering reliable systems in banking, loans, and investment opportunities. In the meantime, DeFi is leading in new bl...

El Salvador, the first country to adopt Bitcoin as legal tender , is reportedly considering revising its Bitcoin-related laws to secure a $1.3 billion loan from the International Monetary Fund (IMF) . According to the Financial Times , negotiations between President Nayib Bukele and the IMF are expe...

According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.

According to Chainlink, the Common Businesses-Oriented Language (COBOL) standard facilitates approximately 95% of all ATM transactions.

Metaplanet, a company listed on the Tokyo Stock Exchange, has bolstered its bitcoin (BTC) holdings with the purchase of an additional 108.99 BTC. Following this recent acquisition, the Japanese investment firm now boasts a total of 748.50 BTC in its reserves. A ¥1 Billion Bitcoin Bet: Why Metaplanet...

New data shows that nearly half of all traditional hedge funds are now reportedly exposed to crypto assets as regulations start to become more clear. According to a new report by Bloomberg, a recent survey revealed that 47% of hedge funds in traditional markets had exposure to crypto assets, up from...

Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to...

The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi Capital aims to build a portfolio of 30-50 general par...

A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial inst...