Key Takeaways Ondo, Ripple, and Mastercard piloted a cross-border Treasury redemption on the XRP Ledger on May 6. The test proves 24/7 real-time settlement for tokenized assets, solving a major friction point for banks. Next, Ondo joins a DTCC working group with BlackRock and 2 others to standardize on-chain infrastructure. Integration of Public and Private …
Continue reading “Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank”
A US insurance agency is warning tens of thousands of Americans that their personal information is at risk after its network was hacked. In a report sent to the Maine Attorney General, Nevada-based TransGlobal Insurance Agency says its customers’ information is at risk following a February 18th cyberattack. An investigation determined that the exposed data …
Crypto exchange Kraken has announced a global partnership with MoneyGram aimed at making it easier for users to convert digital assets into cash. The collaboration will allow millions of Kraken customers to withdraw crypto as fiat currency across more than 100 countries, leveraging MoneyGram’s extensive global cash pickup network. Users will be able to access …
Blockchain protocols preparing for the quantum computing threat should also consider how to quickly verify ownership on the blockchain if funds are stolen, the development and research team behind the layer-1 NEAR Protocol said. Concerns that quantum computers could eventually break blockchain cryptography have fueled worries about private keys and wallet security, but most of …
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Keonne Rodriguez, one of the developers behind the crypto-mixing protocol Samourai Wallet, is appealing to the crypto community for donations to help cover legal bills and fines tied to his trial over money laundering. Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison, respectively, …
Continue reading “Samourai Wallet co-founder appeals for donations to pay $2M legal fees”
American Bitcoin, the crypto mining company co-founded by US President Donald Trump’s son Eric Trump, reported an $81.7 million first-quarter loss as its revenue missed analyst estimates. American Bitcoin on Wednesday reported revenue of $62.1 million for the quarter ended March 31, a 400% increase from $12.3 million in the prior-year period but down from …
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AE Coin and USD Universal are building a regulated settlement rail for converting between UAE dirham and US dollar stablecoins, targeting institutional payments and treasury flows in the UAE. The system, powered by Al Maryah Community Bank, is designed as a regulated conversion rail enabling near-instant exchange between the dirham-pegged AE Coin and the US …
Stablecoins are more likely to go mainstream if adopted by major technology companies, a shift Bitwise says could help push the market closer to a projected $4 trillion by the end of the decade. Bitwise chief investment officer Matt Hougan said on Tuesday that DoorDash and Meta’s recent use of stablecoins for payments in limited …
Continue reading “Stablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise”
Key Takeaways Detaining Dickson Nyakango over a $440K scam exposes retail risks; court resumes this month. After Kestrel flagged a 7% scam, DCI will next trace GSIWEA to curb market fraud. Following this $440K crime, Kenya will next gazette the 2025 VASP Act to oversee exchanges. Suspicious App Triggered Investigation A Kenyan court ordered the …
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Key Takeaways Kraken introduced U.S.-regulated spot margin trading for eligible U.S. clients on Kraken Pro. Traders can use approved crypto assets with up to 10x leverage and collateral controls. Additional products may follow as Payward expands regulated trading across related platforms. Kraken Expands Regulated Trading Access Crypto exchange Kraken has expanded its U.S. trading offering …
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Key Takeaways States argued sports-related prediction markets function as wagers, not federally regulated derivatives. Kalshi court wins have raised the stakes for preemption in state gambling enforcement nationwide. Attorneys general warned CFTC oversight could weaken protections for addiction, integrity, and insiders. States Say Sports Markets Belong Under Gambling Oversight A multistate coalition sent an April …
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Key Takeaways Evernorth named new board members and executives ahead of its planned public listing. Ripple’s legal chief, Stuart Alderoty, is expected to join the board after closing. Company leaders plan to offer regulated XRP exposure through an active treasury model. Evernorth Expands Leadership Team Evernorth Holdings Inc. announced on May 5, 2026, that it …
Continue reading “Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push”
Key Takeaways Circle supported OCC rules for payment stablecoins under a national licensing framework. Uniform standards could reduce arbitrage, protect users, and support trusted digital dollars. Final rules may shape redemption, reserves, supervision, and issuer competition nationwide. Circle Backs National Stablecoin Licensing Standards Circle Internet Group (NYSE: CRCL) revealed May 5 that it had submitted …
Continue reading “Circle Urges OCC to Finalize Strong GENIUS Act Stablecoin Rules”
May 6, 2026 – Los Angeles, United States Roobet, the global crypto-first entertainment platform, today announced the launch of its new prediction markets offering, going live on May 6, 2026, at roobet.com/predictions. With this launch, Roobet becomes the first major crypto casino to offer fully integrated prediction markets, expanding beyond traditional casino and sportsbook experiences …
Wall Street bank JPMorgan and credit card giant Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails. The pilot transaction involved blockchain tokenization platform Ondo Finance redeeming the US Ondo Short-Term US Government Treasuries (OUSG) fund for Ripple on …
Continue reading “JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger”
