# Adapt or die: Payments giants partner with crypto firms to ensure security

# Adapt or die: Payments giants partner with crypto firms to ensure security

“# Adapt or die: Payments giants partner with crypto firms to ensure security ” Institutional interest for digital assets continues to grow rapidly, demonstrating that cryptocurrencies, stablecoins and nonfungible tokens (NFT) are here to stay. At the same time, traditional financial institutions are beginning to understand the dire need to properly support digital assets. For…

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# American CryptoFed DAO seeks US SEC consent for stable utility tokens

# American CryptoFed DAO seeks US SEC consent for stable utility tokens

“# American CryptoFed DAO seeks US SEC consent for stable utility tokens ” American CryptoFed DAO, a Wyoming-based decentralized autonomous organization, has filed two forms with the United States Securities and Exchange Commission, or SEC, to launch two variants of inter-dependent stablecoins named Locke and Ducat. According to CryptoFed’s Form 10 submission, the tokens are…

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# Treasury plots stablecoin crackdown even as Tether’s dominance wanes

# Treasury plots stablecoin crackdown even as Tether’s dominance wanes

“# Treasury plots stablecoin crackdown even as Tether’s dominance wanes ” The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market. According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed…

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# MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

# MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

“# MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies ” The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings…

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# Morgan Stanley launches cryptocurrency research team

# Morgan Stanley launches cryptocurrency research team

“# Morgan Stanley launches cryptocurrency research team ” Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency…

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