Status Becomes Linea’s First Contributor for Open-source L2 Rollup
Linea, a layer-2 solution that operates on the Ethereum blockchain, has announced Status as the first contributor to its open-source L2 roll-up initiative. Status, a global collective that builds a digital platform for inclusive communities, has partnered with Linea to establish the Status Network, according to a press release shared with Cointelegraph. “Status will be […]
State Street to Set up Digital Asset Platform for Institutional Clients
On August 20, State Street, a financial services and asset management firm with $4.4 million in assets under management, disclosed its intention to establish a digital asset platform for institutional clients. In partnership with Taurus, a digital asset infrastructure provider, the platform will provide institutional clients with tokenisation services, node administration, and custodial services. Lamine […]
Democratic Party’s 2024 Platform Did not Mention Crypto, Digital Assets
The 2024 Democrat Party platform did not address crypto or digital assets policy. The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention (DNC). However, the Harris-Walz 2024 presidential campaign and senior Democrat officials had been pledging a crypto “reset” that would diverge from the […]
Bitwise Acquires ETC Group to Enter European Market
The acquisition of ETC Group, a crypto investment firm, has enabled Bitwise, an asset manager based in San Francisco, to enter the European markets. ETC Group, a London-based firm, has a portfolio of products that includes a physical range of crypto exchange-traded products (ETPs), including Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), XRP […]
US Policymakers Criticize California AI Bill
In response to criticism from Speaker Emerita Nancy Pelosi, California State Senator Scott Wiener defended an AI bill, urging that safety should not be utterly dependent on technology companies and VCs. The Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, also known as Senate Bill 1047, in California mandates that AI developers establish […]