The Governor of the Bank of Korea, Rhee Chang-yong, emphasized the “urgency” for central banks to consider the introduction of central bank digital currencies (CBDC) in response to the challenges posed by stablecoins. Stablecoins like tether (USDT) and USD Coin (USDC) have gained widespread usage but often lack the stability implied by their name. Rhee […]
Category: STO News
SEC denies rulemaking petition filed by Coinbase
The Securities and Exchange Commission (SEC) has denied the rulemaking petition filed by Coinbase. SEC Chair Gary Gensler says current laws enough for investor proections. Commissioners Hester Peirce and Mark Uyeda have released a statement disagreeing with the Commission’s decision. The Securities and Exchange Commission (SEC) has denied a crypto rulemaking petition filed by US-based […]
Namada Shielded Expedition testnet participants to get 3% of token supply
Namada’s “Shielded Expedition” testnet offers 3% token rewards in a multiplayer game. Participants compete in an “Asteroid Mining Competition,” accumulating ROID points. 30 million NAM tokens (3% of supply) up for grabs, driving engagement and network testing. Namada, the proof-of-stake Layer 1 blockchain protocol developed by the Anoma Foundation, has kicked off its “Namada Shielded […]
From Fetus to Adult, Microplastics Are Polluting Our Bodies – Can AI and Light-Driven Photocatalysis Help?
Artificial Intelligence (AI) is such a tantalizing technology for many reasons. However, above all, it is its versatility that makes it potentially world-changing. Whether it be intuitive analytics, the development of medicines and healthcare procedures, or simply task automation – AI is set to play a massive role in the future we are building today. […]
Copper Unveils OTC Trade Transformation with Custodian-Agnostic Settlement Network
The crypto custody and trading solutions company, Copper, has launched the market’s first custodian-agnostic, scalable, and private digital asset settlement network. With over 600 live participants, this network enables institutional clients to settle Over-the-Counter (OTC) trades with all their institutional counterparts, irrespective of where they custody their assets. Copper’s OTC Settlement Network for Institutional Clients […]
Rocket Lab (RKLB) Stock Rises After First Succesful Launch of Electron Rocket
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Rocket Lab (NASDAQ: RKLB), a rival of SpaceX, completed the first successful launch of its “Electron” rocket on Friday, following the one that failed in September. The company’s shares rose more than 1.3% before […]
SafeMoon Unravels: Files for Bankruptcy amid Executives’ Arrests
The cryptocurrency project SafeMoon has filed for bankruptcy protection in Utah Bankruptcy Court. With assets ranging between $10 million to $50 million and debts between $100,000 to $500,000, this bankruptcy filing has unveiled a dire financial situation in the company. This step followed the recent arrest of SafeMoon’s executives, John Karony, the Chief Executive Officer; […]
Market Braces for ‘Triple Witching’ Friday as Over $5T in Contracts to Expire
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Traders are bracing for a “triple witching” event on Friday, a market phenomenon where stock index futures, stock index options, and stock options all expire on the same day. With over $5 trillion in […]
SOL dips 10% but recovers as GFOX cruises to $1 million
Solana ($SOL), had a sharp increase in value and momentarily approached the $80 threshold before running into bearish resistance. As the cryptocurrency is now experiencing a drop, investors are closely monitoring the $65 support level. Meanwhile, the new altcoin Galaxy Fox ($GFOX) reached a phenomenal milestone — raising $1 million in the first few weeks of […]
SCHL Drops 12.73% in Pre-Market: Insights from Scholastic’s Latest Earnings
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Scholastic Corporation (NASDAQ: SCHL) showcased mixed results in its fiscal 2024 second quarter. Despite facing modestly lower revenues during the critical back-to-school season, the company reported steady profits. This performance underlines Scholastic’s resilience in […]
