Global asset manager Franklin Templeton’s blockchain-based money market fund has launched within the Arbitrum ecosystem, as real-world asset (RWA) tokenized funds gain traction among investors. Arbitrum is a popular scaling solution for Ethereum. Franklin Templeton’s Nasdaq-listed OnChain U.S. Government Money Fund, FOBXX, became accessible in digital wallets on the Arbitrum network on Thursday, the firm said in a statement. FOBXX’s launch on Arbitrum is part of its issuer’s efforts to widen acc...
Putin Signs Bill to Green Light Crypto Mining in Russia
Russian President Vladimir Putin has signed a law allowing cryptocurrency mining in the country, state-owned media has reported, as lawmakers brainstorm how to skirt sanctions in the pariah state. The law establishes regulations for the previously outlawed crypto mining industry in the country, limiting the activity to legal entities and individuals who register with the Ministry of Digital Development. Entities and entrepreneurs who do not register will be allowed to mine only if they do not e...
AI Firm Synthesia Unveils Digital Video Avatars—Here's How They Work
Have you ever wanted a digital twin? Or dreaded having to re-record a series of videos? Like a sci-fi storyline, London-based synthetic media generation developer Synthesia has launched a service that gives customers the ability to create digital video representations of themselves that they can use on social media and in marketing campaigns. Synthesia first announced the launch of its Personal Avatars during a livestream on Wednesday. These avatars, Synthesia claims, can be generated using as l...
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.
Crypto Market Rallies Are Leaving Web3 and Metaverse Tokens Behind
(Bloomberg) -- Even with recent market gyrations, the chill of crypto winter is becoming a distant memory for traders of digital tokens. The launch of spot Bitcoin exchange-traded funds in January and ringing endorsements from Republican presidential candidate Donald Trump have helped them bounce back from the rout sparked by the collapse of FTX.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 C