Stablecoin project Falcon Finance said it secured a $10 million strategic investment from World Liberty Financial (WLFI), the decentralized finance (DeFi) platform with links to U.S. President Donald Trump's family. The funding will support technical integrations that enable liquidity between USDf, Falcon’s synthetic dollar, and WLFI's USD1 stablecoin, according to an emailed announcement. The investment … Read more
Mill City Ventures III, a publicly traded specialty finance firm, is making a dramatic pivot into crypto with the announcement of a $450 million private placement that will largely fund a new treasury strategy centered on SUI, the native cryptocurrency of the Sui blockchain. Roughly 98% of the funds will be used to purchase SUI … Read more
India concluded its general elections on June 1, with results last week paving the way for the re-election of Narendra Modi as Prime Minister for a third consecutive term. As part of PM Modi’s newly constituted cabinet, Nirmala Sitharaman has been re-assigned to serve as the finance minister of the country after first taking charge … Read more
India’s crypto sector has been eagerly anticipating a comprehensive regulatory framework to safely and legally establish and expand their businesses. However, the Indian government is not yet ready to follow regions like the EU and the UAE in presenting a detailed national crypto rulebook. In a written reply to the Lok Sabha, Minister of State … Read more
The decentralized finance (DeFi) sector aims to remove intermediaries like central banks and brokers from financial transactions, focusing mainly on crypto-based services. In this article, we’ll explore liquidity pools, often described as the driving force behind the smooth operation of DeFi protocols. Liquidity pools allow users to quickly convert assets into cash, accelerating transaction processes … Read more
Rexas Finance (RXS) is fast emerging as one of the key daggers in the Real-World Asset (RWA) tokenization market. This project implements the tokenization approach to standardize the linkage of physical assets to the blockchain. More people are being brought into the normally complex and illiquid niche of tokenized real estate, fine art, and commodities. … Read more
The government has no specific timeline in sight to introduce new regulations for virtual digital assets (VDAs) in India, according to Minister of State (MoS) Finance Pankaj Chaudhary. The progress in regulation of VDAs in India was provided when Chaudhary answered questions from two Members of Parliament in the Lok Sabha on Monday. He also … Read more
Russian companies have begun using Bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related … Read more
Microsoft unveiled a new artificial intelligence (AI) tool called Copilot for Finance on Thursday, aiming to help financial professionals easily navigate everyday mundane tasks. The Copilot tool is not a new AI model, and instead builds on the existing Copilot for Microsoft 365 stack to bring new features specific to financial operations. It is an … Read more
Stripe’s recent multi-billion dollar acquisitions of Privy and Bridge weren’t just another pair of tech deals. They were a declaration that the crypto infrastructure experiment is over. The results are in – and they’re compelling enough for one of the world’s most successful payment companies to bet big. A clear picture emerges: the future of … Read more