Bermuda Premier David Burt announced several crypto-related initiatives to bring the island nation closer to the industry, including accepting and investing in digital assets and on-chain financial services. The government of Bermuda announced that it will begin moving payment and financial-services activities to the Stellar network as part of its plans to be a “fully on-chain national economy.” Speaking at the Bermuda Digital Finance Forum on Tuesday, Premier David Burt said that the island nation’s government, after risk assessments, could accept and invest in digital assets. In addition, Stellar announced that Bermuda would move certain financial services onto its network in response to high transaction fees. "The lack of mobile money applications and reliance on legacy payments infrastructure has left Bermudians paying high payment processing fees and hindered additional economic growth opportunities," said Burt. "The use of digital dollars can change that, and the Stellar network’s capacity to support pu...
The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence. The US Senate has approved Kevin Warsh as the newest governor of the Federal Reserve, with a vote on his confirmation as chair of the central bank expected this week. In a 51 to 45 vote in the US Senate on Tuesday, lawmakers sided on party lines, with the exception of Democratic Senator John Fetterman, to approve President Donald Trump’s nominee. The chamber immediately followed by approving a motion to invoke cloture on a vote for Warsh as the next Fed chair, setting up a potential vote soon. Source: US Senate Read more
The world’s largest post-trade infrastructure provider will integrate Chainlink technology into its tokenized collateral platform ahead of a Q4 2026 launch. The Depository Trust & Clearing Corporation (DTCC) will integrate Chainlink infrastructure into its collateral management platform ahead of a planned fourth-quarter 2026 launch as it aims to support near real-time movement, valuation and settlement of tokenized collateral across financial markets and blockchains. DTCC said its Collateral AppChain platform is designed to serve as shared infrastructure for institutions including custodians, triparty agents and collateral managers. The blockchain oracle provider's technology will automate processes including margining, collateral optimization and settlement. Nasdaq said that its research found 52% of firms expect to manage live tokenized collateral by the end of 2026. Yet, 70% of the investment banks, custodians, prime brokers and asset managers survey report settlement matching and delivery issues daily, re...
Following the resounding success of its 2025 edition, WAIB Summit Monaco proudly announces its return on June 9–10, 2026, at the prestigious One Monte-Carlo, located in the heart of Monaco’s iconic Casino Square. Monaco, May 12, 2026 — Following the resounding success of its 2025 edition, WAIB Summit Monaco proudly announces its return on June 9–10, 2026, at the prestigious One Monte-Carlo, located in the heart of Monaco’s iconic Casino Square. Recognized as one of the world’s most exclusive summits for Web3, Artificial Intelligence, and Digital Assets, WAIB Summit Monaco 2026 will once again convene 2,000+ global attendees, including visionary founders, family offices, institutional investors, venture capitalists, regulators and policymakers, global brands, and thought leaders shaping the future of technology and innovation. Building on the global momentum surrounding the Monaco Formula 1 Grand Prix, the summit uniquely blends cutting-edge innovation, luxury, and elite networking—transforming Monaco’s peak i...
Some lawmakers continue to push for ethics provision in the bill as bipartisan support is necessary for the CLARITY Act to pass a Senate floor vote. The recently released text of the Digital Asset Market Clarity Act (CLARITY) in the US Senate Banking Committee is raising some eyebrows among experts before a scheduled Thursday markup for provisions on housing and the lack of ethics language. On Monday, three Republican lawmakers unveiled the text of the bill lawmakers will use to consider advancing crypto market structure legislation in the banking committee. It followed drafts released in July and September 2025, building upon discussions between crypto and banking industry representatives over stablecoin yield. Text of CLARITY Act. Source: US Senate Banking Committee Read more