The economist known as "Dr. Doom" is supporting a tokenized security backed by a Nasdaq-listed ETF he oversees, designed to protect wealth in global crises.
The app would let users forecast future events using a points-based system rather than cash wagers, the report said, citing people familiar with the matter.
The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time.
The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization's ongoing turmoil.
Bitcoin's slump to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.
Before we rush to tokenize U.S. equities, we need compliance systems that understand context, not just checkboxes. Investors like Michael Burry see the danger, so should the rest of us, urges Chamarajnagar.
Tough negotiations linger in several difficult arenas, but crypto's Washington lobbyists are flying in allies this week and still hoping for a July vote.
EU lawmakers backed a legal framework to develop an ECB digital currency by 2029 so the continent can stop relying entirely on U.S. credit card and stablecoin giants.
The $1.7 trillion asset manager did not disclose the amount paid for the acquisition of 250 Digital but revealed its plans for a new corporate division exclusively for crypto investments.