A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his truck delivering auto parts to a business in Georgia when he was pulled over by a narcotics officer. According to court documents, Chung was pulled […]
The post Police Seize $225,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report appeared first on The Daily Hodl.
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […]
Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […]
Tokenized financial assets have seen a slow start, and broad adoption is “far away,” but McKinsey analysts predict some will take off faster than others.
Tokenized financial assets have had a “cold start” but they’re tracking to reach a market size of about $2 trillion by 2030, say analysts at consulting firm McKinsey & Company.
“In a bullish scenario, this value could double to around $4 trillion,” the analysts wrote on June 20 — despite being “less optimistic than previously.”
McKinsey’s analysts said there’s been “visible momentum” on tokenization, but broad adoption is still far away as modernizing existing financial infrastructure is “challenging, especially in a regulation-heavy industry such as financial services.”
Members of the Council of the European Union have agreed on sweeping new measures for the freezing and confiscation of so-called “unexplained assets.” The Council has signed off on a proposal that was submitted late last year to change its policies on wealth confiscation since the existing framework “needed to be updated.” As stated by […]
The post New Measures for Wealth Confiscation, Property Seizure and Freezing of ‘Unexplained’ Assets Passes European Council appeared first on The Daily Hodl.
According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the […]
On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution […]
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to […]
Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency […]
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles […]