Author: Token Flash
It was a busy week in crypto featuring important product launches, fevered debate around Ethereum, movement on stablecoin legislation, and high-profile Congressional hearings on “debanking.”David Sacks, the Crypto and AI Czar, held a high-profile press conference with Senate leadership, as Senator Hagerty, of Tennessee, introduced a new stablecoin bill. The proposal, which outlines an oversight regime for stablecoin issuance, builds on a bill that passed the House last year but fell in the Senate. It’s more likely to pass this year, now that Republicans are in control. CoinDesk’s Jesse Hamilton had the news.The Senate also held hearings on the co-ordinated…
What if I told you that the experts are wrong? Over the years several prestigious consulting firms and financial institutions have put out forecasts about the growth of tokenization by the end of the decade. It’s interesting how between all that “expertise,” their ranges vary between $2 trillion (McKinsey) and $16 trillion (BCG). Fourteen trillion dollars is a heck of a lot of spread!Since 2017, there have been trials to tokenize assets all around the world. Along the way we’ve seen almost every asset class brought on-chain. Today there are more than $50 billion in tokenized stocks, bonds and real…
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, according to people familiar with the matter.This will give institutions access to XRP (XRP) securities through U.S. regulated market infrastructure.The company will offer depositary receipts similar to the American depositary receipts (ADRs) that represent foreign stocks on U.S. equity exchanges.The product will be offered to qualified institutional buyers only via transactions exempt from registration under the Securities Act of 1933. As such, it does not need approval from the Securities and Exchange Commission (SEC).Fox Business reported the news earlier Friday.The…
We are entering a new epoch where the ability to use and to work with artificial and synthetic intelligence is a human right.Access to intelligence – the prerogative to innovate, work with, and benefit from higher levels of synthetic intelligence – belongs to the people.Building on increasingly inexpensive compute, abundant data, and low-cost, open-source models, we are about to witness a synthetic intelligence cornucopia.We have to build infrastructure that supports pluralistic development of AI. That’s why we’re starting The Thames Network, based at Oxford: a decentralized intelligent network to run at the edge, enabling private, censorship-resistant, depoliticized, and decentralized AI…