India’s securities regulator and central bank have launched a tokenized corporate bond pilot, with three companies issuing a combined 10.25 billion rupees (about $107 million) through the new market infrastructure.  On Thursday, the Securities and Exchange Board of India (SEBI) said Demat 2.0 allows corporate bonds to be issued and held as digital tokens on
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Bitcoin infrastructure company Blockstream said it will not pay a ransom to recover funds still held by the Liquid Network hackers. “Taking assets without authorization and withholding their return is a crime, not responsible disclosure,” Blockstream said Friday. “It is not white-hat activity. It is theft.” The company said it had engaged with the hackers
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A revised version of the CLARITY Act would direct United States regulators to determine whether people or groups controlling “non-decentralized finance trading protocols” must comply with securities, commodities and anti-money laundering (AML) requirements. The revised text, posted on Senator Cynthia Lummis’ website, defines such a protocol as one whose functionality, operation, or rules can be
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JAPAN Metaplanet’s executive stock pool sparks shareholder backlash Japanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns.  Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool, which was designed as 20% of fully diluted shares and automatically expanded as the company issued new
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The UK House of Lords backed an amendment requiring the government to develop a digital asset strategy, in a 194–138 vote on Wednesday, despite the Labour government’s opposition to the measure. The amendment was added to the Financial Services and Markets Bill during its Report Stage on Wednesday. The bill is progressing through Parliament and
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A coalition of European financial and tokenization groups has urged EU lawmakers to remove a proposed 100 billion euro cap ($116.3 billion) on tokenized financial instruments or raise it to at least 500 billion euro. The draft The European Commission has proposed raising the current 6 billion euro limit to as much as 100 billion
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US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $120.2 million in net outflows on Wednesday, bringing withdrawals across the first two sessions of the holiday-shortened week to $166.8 million, according to Farside Investors data.  The ARK 21Shares Bitcoin ETF (ARKB) led Wednesday’s withdrawals with $78 million, followed by Grayscale’s Bitcoin Trust ETF (GBTC) with $27.2 million
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Indian agricultural warehousing and lending company Arya.ag is testing a system to tokenize warehouse receipts for stored grain on a dedicated Avalanche layer-1 blockchain.  Arya.ag is working with Finternet to connect grain deposits, warehouse receipts, collateral commitments and loan status through the network. Devika Mittal, Ava Labs’ head of India, told Cointelegraph that testing was
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Consensys Software Inc., the Ethereum software company behind MetaMask, plans to split into two independent companies, separating its consumer business from its institutional blockchain infrastructure operations. According to Wednesday’s MetaMask has recorded more than 100 million downloads across roughly 190 countries and facilitated trillions of dollars in transaction volume, according to the company. The company
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With lawmakers in the US Senate set to consider legislation pushed by many in the cryptocurrency industry for regulatory clarity, there’s a limited window for the bill to become law, potentially delaying it into the next session of Congress with different politics in play. The US Senate is scheduled to return to session on Monday
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Japanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns.  Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool, which was designed as 20% of fully diluted shares and automatically expanded as the company issued new shares to fund its Bitcoin (BTC) accumulation. Bitcoin
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