Blockchain
Crypto News Today – June 11, 2024
TDR Cryptocurrency News Today:
Fidelity International Tokenizes a Money Market Fund on JPMorgan’s Blockchain
Fidelity International has successfully tokenized a money market fund using JPMorgan’s blockchain technology. This initiative, first reported on CoinDesk, aims to streamline operations and increase transparency for investors. Read all about it on the TDR website.
The Senate bill could subject cryptocurrencies to US sanctions
A new Senate bill proposes to include cryptocurrencies in US sanctions regulations. CoinDesk reported that the cryptocurrency industry is actively lobbying against the bill, arguing that it could stifle innovation and growth.
Mainstream Adoption of Crypto Waves, Canaccord Reports
Canaccord’s latest report highlights a significant increase in mainstream cryptocurrency adoption in recent months. The growing acceptance is attributed to institutional interest and broader public engagement, reported on CoinDesk.
Bitcoin and Ethereum attract significant inflows
Bitcoin recently saw $2 billion in inflows, while Ethereum saw its highest level of institutional buying since March. This trend reflects increased confidence among major investors in major cryptocurrencies, reported on CoinDesk.
Bitcoin and Ethereum trading balances hit four-year lows
Bitcoin and Ethereum balances on exchanges have reached their lowest levels in four years. This suggests that investors are increasingly holding onto their assets rather than trading them, as reported on Crypto.News.
South Korea classifies selected NFTs as securities
In a groundbreaking move, South Korea has classified some non-fungible tokens (NFTs) as securities. This classification will subject these NFTs to the country’s financial regulations, with the aim of protecting investors and maintaining market stability, first reported on Forkast News.