The real-world asset tokenization industry is projected to exceed $30 trillion by 2030, driven by nimble and mainstream financial institutions. Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see over 50-fold growth. Real-world asset (RWA) tokenization refers to financial and other tangible assets minted...Continue Reading

Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%. Goldman Sachs, a major global investment bank once critical of Bitcoin, has disclosed significant holdings in Bitcoin exchange-traded funds (ETFs). In a Nov. 14 filing with the United States Securities and Exchange Commission (SEC),...Continue Reading

Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU’s restrictive measures regimes. The European Banking Authority (EBA), Europe’s regulatory agency in charge of addressing weaknesses in the banking sector, published two sets of guidelines, including a specific guide for payment service providers (PSPs) and...Continue Reading

Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal. Major South Korean cryptocurrency exchange Upbit is reportedly suspected of massive breaches in Know Your Customer (KYC) procedures amid its local license renewal. South Korea’s Financial Intelligence Unit (FIU) of the...Continue Reading

FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance, and systemic vulnerabilities. The Financial Stability Board (FSB), an international body that monitors and makes recommendations on the global financial system, published a paper analyzing the implications of artificial intelligence in financial services and how to mitigate potential risks.  On Nov....Continue Reading

DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature. Opinion by Hong Yea, Co-Founder and CEO of GRVT. The position taken by some crypto industry experts on regulation and compliance in the decentralized finance (DeFi) space can be striking at times. Whether at conferences and on panels...Continue Reading

Bitcoin is consolidating after new all-time highs, but bulls cannot afford to lose track of too many potential support levels, says BTC price analysis. Bitcoin (BTC) circled key local lows on Nov. 15 as bulls swapped all-time highs for support retests. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed a...Continue Reading

Crypto companies have been “living in fear in a gas-lit world for a long time,” said Ethereum co-founder Joe Lubin.  The founder of Ethereum software solutions provider Consensys, Joseph Lubin, has announced the launch of a new project called Network State where people can declare their “personal sovereignty.”  “We’re on the verge of a paradigm...Continue Reading

Michael Saylor is preparing a party for Bitcoin to hit $100,000 this year, claiming Bitcoin won’t fall to $60,000 as predicted by some analysts. MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024. “I don’t think it...Continue Reading

Spot crypto ETFs in the US have seen outflows for the first time since Donald Trump was elected, as both Bitcoin and Ethereum fell on the day. United States-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) bled on Thursday, ending a run of inflows since Donald Trump was elected president on Nov. 5.  Farside Investors...Continue Reading