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Blockchain land record management firm Balcony has signed a five-year deal with officials in New Jersey’s Bergen County to tokenize 370,000 property deeds onchain. A New Jersey county is set to tokenize $240 billion worth of property deeds after signing a deal with the blockchain-backed land record management firm Balcony. Balcony said on May 28…
A Manhattan federal court has frozen $57 million worth of USDC allegedly tied to the controversial Libra memecoin. A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows…
Asset managers BlackRock and ARK Invest have indicated interest in acquiring over $150 million in Circle’s shares BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the…
GameStop’s 4,710 Bitcoin purchase marks the first publicly announced BTC purchase by the company since it disclosed plans to move into Bitcoin investment in March. GameStop, the US video game and consumer electronics retailer, has officially announced its first Bitcoin purchase, confirming multiple reports on kicking off BTC investment. GameStop has purchased 4,710 Bitcoin (BTC),…
Goldsmith Romero thinks the CFTC should work on defining a retail customer and implement bans against co-mingling a company’s assets with customer funds. Outgoing US Commodity Futures Trading Commission commissioner Christy Goldsmith Romero says the exodus of the agency’s top brass is “not a great situation” for crypto regulations. The CFTC could be headed by…
Average NFT loan sizes have tanked, which DappRadar’s Sara Gherghelas says means users are borrowing against low-value assets or being conservative with leverage. Real-world assets linking up with non-fungible tokens (NFTs) is one of a few key catalysts that could reignite the waning NFT lending sector, which is suffering from a collapse in volumes and…
Nasdaq has filed with the SEC to list 21Shares spot Suit ETF, jumpstarting the agency’s review of the proposed listing. Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which…
After a year of planning, Cantor Fitzgerald activates crypto lending arm with first Bitcoin-collateralized deals. Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a…
SharpLink Gaming announced a $425 million private equity deal to launch an Ether treasury and appointed Ethereum co-founder Joseph Lubin as board chairman. Betting firm SharpLink Gaming has launched an Ethereum-based corporate treasury strategy and nominated Ethereum co-founder Joseph Lubin as chairman of its board of directors, the company announced May 27. According to the…
The world’s biggest Bitcoin miner achieved record annualized revenue as its Bitcoin holdings surpassed $5 billion. MARA Holdings, formerly Marathon Digital Holdings, reached a new all-time high in Bitcoin mining revenue, fueled by its recent surge to a record price. The company’s annualized mining revenue exceeded $752 million on May 27, according to data from…