FameEX Morning Crypto News Recap | May 15, 2024

Wisconsin Invests $164M in Spot Bitcoin ETFs, State Reports

In a recent SEC filing, the entity managing Wisconsin's state trust funds revealed significant cryptocurrency investments. It holds over 2.4 million shares in BlackRock iShares Bitcoin Trust (IBIT) and over a million shares in Grayscale Bitcoin Trust (GBTC), valued at approximately $100 million and $64 million, respectively.

Israeli Fintech Kima and Mastercard Lab Aim to Create 'DeFi Credit Card'

Israeli fintech Kima and Mastercard's FinSec Innovation Lab are collaborating on a project to integrate decentralized finance (DeFi) tools with traditional financial services like credit cards and bank accounts. The initiative, which aims to make a 'DeFi credit card' a reality, is supported by the Israel Innovation Authority.

Deutsche Bank Participates in Singapore's Asset Tokenization Initiative

Deutsche Bank has partnered with the Monetary Authority of Singapore's Project Guardian, which explores asset tokenization and DeFi applications in wholesale funding markets. The bank will test a blockchain platform that supports tokenized and digital funds, propose protocol standards, and determine the best methods to advance industry progress. This collaboration aims to enhance interoperability and functionality in the financial sector.

Amazon-Supported Anthropic Launches Claude AI Chatbot for European Users

Anthropic has launched its AI chatbot, Claude, in Europe for both individual and business use. As of May 14, Claude is accessible through Anthropic's web application and iOS app, offering high comprehension and fluency in several European languages such as French, German, Spanish, and Italian, catering to a diverse European audience.

UK Election to Have No Impact on Cryptocurrency Regulation

Industry stakeholders believe that the UK general election will not disrupt the country's advancements in cryptocurrency regulation. The Conservative Party, in power since 2010, has enacted various crypto measures and plans to establish the UK as a cryptocurrency hub. In 2022, they introduced a market bill to further this agenda, aiming to maintain momentum regardless of the election's outcome.

U.S. House Approves First Cryptocurrency Bill, Encounters Challenges in Senate and White House

As the 2024 election nears, the U.S. House of Representatives is advancing cryptocurrency-focused legislation. However, with the Democratic majority in the Senate, the bill is unlikely to pass. Even if it were to pass in the Senate, the Biden administration has indicated that President Biden would veto the resolution.

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