When non-fungible tokens (a.k.a. NFTs ) — essentially certificates for digital or physical assets — first launched, big brands stayed pat. They didn't launch their own, entertain the then-trend (now full-blown industry) or rush to retrofit prior releases with crypto perks. Folks knew there would one day be a Nike NFT, but when Nike first showed hesitancy, many
While State Street’s digital arm is working on the ability to custody cryptoassets by the end of the year, tokenization remains a top focus for the business going forward as institutions continue to show interest in the segment. Using distributed ledger technology to tokenize funds and private assets, for example, to improve efficiency and accessibility
In 2020 and 2021, nearly 5,000 clinical trials were launched to test life-saving treatments and vaccines for the novel coronavirus. These Covid-19 clinical trials saw enrollment levels that were 80% higher than average. However, for many diseases, such as cancer, less than 10% of eligible patients enroll in a trial. Many patients only enroll in
In a series of points of view from EY Financial Services Organization (FSO) Consulting, we explore the impact of the metaverse and digital assets on the financial services industry. We’ll assess the impact of digital assets and how clients will seek the assistance of both traditional and crypto-native financial firms to harness these assets to
WASHINGTON, DC – The US Department of the Treasury’s Office of Foreign Assets Control recently sanctioned a technology called Tornado Cash, on the grounds that it “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019." Such enforcement measures are nothing new. But what makes this case
Wall Street’s biggest banks have largely avoided investing directly in cryptocurrencies. But many are quietly working to integrate blockchain, the technology behind crypto, into trading and other businesses. Goldman Sachs GS -1.74%▼ Group Inc. is already trading some bonds and other debt securities for clients on blockchain-based networks such as Ethereum, and the bank is building its own blockchain-based
For generations, entertainment brands have been on the cutting edge, showing people what’s possible through technology. Consider how films like the original Star Wars used imaginative storytelling to help people consider a future with limitless possibilities. Aside from the storytelling, entertainment brands have also always been at the forefront of innovation, continually pushing the boundaries for how
Bart Smith, Susquehanna International Group global head of digital asset strategy, joins CNBC’s ‘Squawk Box’ to lay out his predictions for the upcoming regulatory decisions over crypto-backed ETFs. READ MORE FROM THE ORIGINAL SOURCE HERE
WASHINGTON—Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps. Senate Agriculture Committee Chairwoman Debbie Stabenow (D., Mich.) and top-ranking Republican John Boozman of Arkansas, are planning to introduce a bill Wednesday that would empower the
The NFT (Non-Fungible Token) is a relatively young technology that has, in the past year, demonstrated its potential, value, appeal, and staying power. The size of the NFT market exploded in 2021. The sharp upward trajectory that began last winter reached $10.7 billion in Q3, compared to $28 million in Q3 of 2020, and shows no sign
