Tag: Money

AlloyX Launches Tokenized Money Market Fund on Polygon

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Tokenization infrastructure company AlloyX has launched a tokenized money market fund on Polygon, designed to combine bank-custodied assets with DeFi-native strategies — a move that highlights the accelerating growth of real-world assets (RWAs) on the blockchain. The fund, called the Real Yield Token (RYT), represents shares in a traditional money market fund whose underlying assets are held in custody by Standard Chartered Bank in Hong Kong and subject to regulatory compliance and audits, the company announced. Like a conventional money market fund, RYT invests in short-term, low-risk instruments such as…

Crypto Adviser For The Ultra Wealthy Tells XRP Investors What To Do As Coins Turn To Real Money

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A leading crypto adviser is sending an urgent message to XRP investors. Jake Claver, who advises the ultra-wealthy, says the time to prepare is before XRP becomes real money. He warns that too many investors wait until after profits arrive, and by then it may be too late to avoid problems. Claver explains that early planning could be the best way to protect XRP investor gains and keep them safe. According to him, waiting until the windfall is already in their wallet leaves them exposed and unprepared. Get Your Structure…

Jim Cramer cashes out half his ‘phoney money’ Bitcoin to pay off mortgage

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Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage. .@jimcramer discloses that he bought a lot of bitcoin when it was around $12K. He says he sold half of it to pay off his mortgage yesterday. “It was like phony money paying for real money… I think I won.” https://t.co/L909N1g6x0 pic.twitter.com/hfkzTmIdWl — CNBC (@CNBC) April 15, 2021 During Thursday’s broadcast of “Squawk on the Street,” co-anchor Jim Cramer revealed that he’s “decided to…

Mick Jagger is using NFTs to raise money for indie music venues

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The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic.  In an announcement from the music legend on Thursday, Jagger said he had started a 24-hour auction on Nifty Gateway featuring a nonfungible token, or NFT, based on a new song with Foo Fighters frontman Dave Grohl. The digital piece designed by artist Oliver Latta, also known as Extraweg, features a loop of a figure running through two human heads, with Grohl and…

Stateless Money Launches Index Token for Polkadot

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Key Takeaways Polkadot Index Network Token (PINT) will give holders exposure to the top projects in the Polkadot ecosystem. PINT will be developed by Stateless Money, a Polkadot staking service provider, in collaboration ChainSafe. PINT’s overall development will be overseen by a governing council that consists of Polychain Capital, Hypersphere Ventures, HashKey Capital, Acala, and Stateless. Share this article Stateless Money, a staking service that manages $150 million worth of assets, announced it would launch an index token for Polkadot. Index Investing Comes to Polkadot Polkadot is a fast-growing interoperable…

Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

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The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs once every five year. The committee held 18 meetings for the PCMLTFA review, which started in February. As a result of the review, the committee put forward three ways for the government to regulate cryptocurrencies.…

Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

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Twitter Facebook LinkedIn A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s National Disability Insurance Scheme (NDIS) benefited from increased choice and control using the smart money that they accessed via a prototype app. Not only were administrative costs reduced but the risk of…

Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance

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The Commonwealth Bank of Australia (CBA) and government-run digital innovation center Data61 have released the results of their trial for a blockchain-powered “smart money” system for Australia’s National Disability Insurance Scheme (NDIS). The development was reported by local financial and business news platform Business Insider Australia today, Nov. 13. Data61 is a digital innovation hub that forms part of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) — an Australian government corporate entity that undertakes scientific research to advance diverse local industries. The $93.5 billion market cap CBA is the…