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Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil

Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and OilHoward Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity. Howard […]

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Ugandan Fintech Firm Gets Funding From Dutch Impact Investor

Ugandan Fintech Firm Gets Funding From Dutch Impact InvestorUgandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says the investment will enhance financial inclusion and services accessibility via mobile phones, agents, and merchants. Affordable Financial […]

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Investment Giant Franklin Templeton Building On-Chain Financial Services for Regulated Securities on Solana

Investment Giant Franklin Templeton Building On-Chain Financial Services for Regulated Securities on Solana

Financial services titan Franklin Templeton says it’s building a money fund for regulated securities on the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Mike Reed, Franklin Templeton’s head of digital asset partnership development, says that the investment giant’s last step to completing its project is to file to […]

The post Investment Giant Franklin Templeton Building On-Chain Financial Services for Regulated Securities on Solana appeared first on The Daily Hodl.

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Lawmaker Flags Concerns Over SEC’s Crypto Approach

Lawmaker Flags Concerns Over SEC’s Crypto ApproachCongressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted his subcommittee’s legislative successes but expressed frustration with the SEC’s broad and unclear regulations, which he argued burden digital asset […]

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Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

Franklin Templeton Expands Tokenized Money Market Fund to Avalanche NetworkFranklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated […]

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Cantor Fitzgerald announces $2B Bitcoin financing business

Howard Lutnick and Cantor Fitzgerald brought a reprieve from the day’s politics with a business announcement.

Billionaire Howard Lutnick, the Chairman and CEO of financial services firm Cantor Fitzgerald announced the launch of a Bitcoin lending program at Bitcoin 2024 on Saturday, July 27. 

Lutnick took the stage to give his full-throated support for the cryptocurrency community. His fiery speech touched on everything from the death of his brother — alongside 658 other Cantor Fitzgerald employees, at the World Trade Center during the 9/11 terrorist attacks — to declaring both himself and his company Bitcoin supporters.

The CEO then shifted matters to the announcement:

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Bitcoin Firm Unchained Partners With University of Texas to Launch $5 Million Bitcoin Endowment Fund

Bitcoin Firm Unchained Partners With University of Texas to Launch  Million Bitcoin Endowment FundThe financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins. The bitcoin financial services firm also intends to connect UATX faculty and their research with key […]

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