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The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space.

The three firms are seeking to create an AI collective to provide a decentralized alternative to existing projects that are controlled by Big Tech.

The Financial Conduct Authority is looking to reign in, among other things, meme-centric marketing for financial products.

The proposed merger would see the respective tokens combined to create ASI with a fully diluted value of around $7.5 billion.

The funding will be used to expand the peaq DePIN ecosystem ahead of a public offering and mainnet launch.

Crypto market data provider Messari estimates that decentralized physical infrastructure networks could have a market value of $3.5 trillion by 2028.

Sam Bankman-Fried will find out this week if he is potentially facing decades in prison. Judge Lewis Kaplan is set to sentence him for his conviction last year on two fraud charges and five conspiracy charges tied to the operation and collapse of FTX.

The $322,000 “goodwill” settlement with MFSA related to OKX’s Okcoin Europe subsidiary.

The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.

Asset Manager VSFG, together with its partners, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong’s Securities and Futures Commission (SFC), its Head of Investment & Products Brian Chan told CoinDesk on Wednesday.