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Chainlink, Apex Group Test Onchain Stablecoin Compliance With Bermuda Regulator

Chainlink and Apex Group have successfully piloted a blockchain system in partnership with Bermuda's financial regulator to enforce stablecoin rules on-chain. This system, incorporating Chainlink's Proof of Reserve and Automated Compliance Engine, aims to provide regulators with real-time insights into the backing and circulation of stablecoins, automating compliance checks. The pilot project, part of Bermuda’s Innovation Hub, featured a range of blockchain tools designed to enhance oversight of stablecoin operations. Apex Group contributed data on custody and reserves, while Chainlink's technology embedded Bermuda-specific policy requirements into stablecoin functionality. Hacken provided real-time monitoring for compliance risks, and Bluprynt's identity layer connected verified issuers to minting wallets, ensuring real-world accountability. This initiative is part of Chainlink's broader strategy to promote institutional adoption of tokenized assets, leveraging their Runtime Environment already utilized by major banks like JPMorgan and UBS.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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