The transparency of blockchains is often marketed as a benefit. It’s not. Main Street financial consumers are never going to adopt blockchain-based financial tools as long as blockchains are radically transparent. Regular folks have secrets that they want to keep. One of the most promising use cases for blockchains is decentralized finance (DeFi). The people […]

The U.S. Securities and Exchange Commission (SEC) refused to approve a Fidelity spot bitcoin exchange-traded fund (ETF), adding to the list of rejected applications. Rejection of Fidelity’s Wise Origin Bitcoin Trust on Thursday comes just seven days after the SEC threw out a spot bitcoin ETF application filed by investment advisory firm First Trust and […]

The Diem Association, the Meta Platforms-led enterprise that was looking to issue a new, user friendly stablecoin, is selling its technology to Silvergate Capital for $200 million, The Wall Street Journal reported, citing an unnamed source. The California bank, which serves blockchain companies, had already agreed last year to partner with Diem in launching a […]

Blockchain technology stands to revolutionize a wide range of industries, and many companies are eager to move their operations on-chain. According to a survey from consultancy Deloitte, 78% of companies believe there is a compelling use case for blockchain technology within their organization, and 73% of them agree they stand to lose their competitive advantage […]