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Author: Gino Matos

Tokenized funds get preliminary approval to be used as collateral in the US

A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations. As reported by Bloomberg on Oct. 2 citing an anonymous source, the recommendations aim to integrate blockchain technology in managing non-cash collateral consistent with margin

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Bitcoin’s price surge draws interest from ‘nocoiners’ but ownership stagnant – Fed survey

A growing number of Americans who do not own cryptocurrency are expressing interest in making future purchases, even as overall ownership rates decline, according to a new report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI). The April 2024 Labor, Income, Finances, and Expectations (LIFE) Survey showed that 13.4% of respondents who

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