FameEX Morning Crypto News Recap | May 15, 2024

Wisconsin Allocates $164M to Spot Bitcoin ETFs, According to State Reports

A recent SEC filing disclosed that the entity overseeing Wisconsin's state trust funds has made substantial investments in cryptocurrency. It possesses over 2.4 million shares in BlackRock iShares Bitcoin Trust (IBIT) and more than a million shares in Grayscale Bitcoin Trust (GBTC), worth about $100 million and $64 million respectively.

Kima, an Israeli Fintech, Collaborates with Mastercard Lab to Develop 'DeFi Credit Card'

Israeli fintech Kima and Mastercard’s FinSec Innovation Lab have partnered to develop a project that integrates decentralized finance (DeFi) tools with conventional financial services such as credit cards and bank accounts. Supported by the Israel Innovation Authority, the initiative seeks to actualize the concept of a 'DeFi credit card.'

Deutsche Bank Collaborates on Singapore's Asset Tokenization Project

Deutsche Bank is collaborating with the Monetary Authority of Singapore's Project Guardian to delve into asset tokenization and DeFi applications in wholesale funding markets. The bank will evaluate a blockchain platform designed for tokenized and digital funds, develop protocol standards, and explore optimal strategies to propel industry advancements. This partnership focuses on boosting interoperability and functionality within the financial sector.

Anthropic, Backed by Amazon, Introduces Claude AI Chatbot to European Market

Anthropic has introduced its AI chatbot, Claude, to the European market, targeting both individual and business users. Available since May 14 via Anthropic's web and iOS applications, Claude features robust comprehension and fluency in multiple European languages including French, German, Spanish, and Italian, aiming to serve a wide range of European users.

UK Election Unlikely to Influence Cryptocurrency Regulation

Industry experts assert that the UK general election won't hinder the country's progress in cryptocurrency regulation. The Conservative Party, ruling since 2010, has implemented several crypto initiatives and aims to position the UK as a leading crypto hub. A market bill introduced in 2022 continues to drive this vision, indicating sustained regulatory momentum irrespective of election results.

The U.S. House has passed its first cryptocurrency bill, which now faces hurdles in the Senate and potential opposition from the White House

As the 2024 election approaches, cryptocurrency legislation is moving forward in the U.S. House of Representatives. Despite this progress, the Democratic majority in the Senate makes the bill's passage unlikely. Furthermore, the Biden administration has stated that President Biden would veto the resolution if it were to pass the Senate.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​