The Tokenization of Assets Is Underway
Today in Crypto for Advisors, Peter Gaffney from Security Token Advisors provides an overview of the current tokenization landscape, one that’s forecasted to reach $16 Trillion by just 2030.
Finance
Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust
A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs
Coinbase, best-known for being one of the largest crypto exchanges for retail customers, continued its expansion into the professional space with the introduction Tuesday of a Web3 wallet designed to help institutions get into NFTs and other corners of decentralized finance, or DeFi.
Luno to Halt Some UK Clients From Investing in Crypto as Regulation Looms
The U.K. Financial Conduct Authority crypto promotion rules will be coming into effect by October 8.
NFT Video Startup Glass Falls to Crypto Bear Market
The startup’s founders say they’re ending active development after two years.
A New Crypto Scam Shows Perils of Elon Musk’s Twitter
(Wikimedia Commons)
Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust
A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May.
Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law
The blockchain-based file-sharing network had indicated it would be winding down after a New Hampshire court ruled in favor of the SEC last November.
MicroStrategy’s Large Bitcoin Impairment Losses Have Given a False Impression: Berenberg
FASB accounting rule changes should help companies that hold digital assets to eliminate the poor optics that have been created by impairment losses, the report said.
Coinbase Targets Regulatory Clarity in International Expansion Plan
Coinbase is looking at “markets that are enacting clear rules” for the crypto industry, with the European Union, U.K., Canada, Brazil, Singapore and Australia its near-term priorities.