Financial Industry News
A group of former bankers building on R3’s public Corda Network are touting the first digital currency for that ecosystem, dubbed XDC. Announced Tuesday, the Cordite Society, a co-operative registered in the U.K., released the XDC crypto token on public Corda, the open-source version of R3’s network. The new regulation-friendly cryptocoin will open the door, […]
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Continue ReadingFormer Coinbase counsel Hailey Lennon is joining law firm Anderson Kill. Lennon has joined Anderson Kill’s Los Angeles office as a shareholder in the Technology, Media and Distributed Systems Group. She joins a team of 10 other lawyers who practice in the crypto and blockchain space, including Stephen Palley, Preston Byrne and Bob Cornish. “Hailey’s […]
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Continue ReadingAtomyze, a tokenization startup by Russian mining and smelting giant Nornickel, is setting up shop in Greenwich, Conn., to sell tokenized metals in the U.S. The company, whose legal name is Atomyze LLC, will become the second foothold for Nornickel’s tokenization ambitions. It will work in parallel another entity that will tokenize Nornickel’s metals, Tokentrust, […]
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Continue ReadingNearly 2,000 Robinhood Markets accounts were hacked in a recent series of attacks that stole customer funds, an indication that the infiltration was more pervasive than previously believed, Bloomberg reported, citing a person with knowledge of an internal review.
Continue ReadingCoinbase is sponsoring at least two Bitcoin Core developers with a new grant program, the San Francisco-based exchange announced Thursday. “We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world,” Manish Gupta, executive vice president of engineering at Coinbase, said in a statement. “Our Crypto […]
Continue ReadingUSDC is being added to its third blockchain: Stellar. Announced Thursday during the Stellar Development Foundation’s quarterly review call, the addition of the dollar-backed stablecoin seeks to bolster Stellar’s standing as a cross-border payments network. “We are focused on creating equitable access to the financial system by building a global network that delivers services to […]
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