Latest from Ian Allison
Société Générale Shopping for Crypto Custodian: Sources
The French bank is said to be looking closely at a pair of Swiss firms.

Stablecoins Like Tether Could Pose New Risks to Securities Markets, Fitch Warns
“Stablecoin-related turbulence could both affect the CP [commercial paper] market itself and transmit shocks to other market participants,” the ratings agency wrote.

USDC Added to Hedera Hashgraph as Enterprise-Minded Network Eyes DeFi
It becomes the stablecoin’s sixth network as a key part of a $2.5 billion HBAR initiative.

Polkadot Sets Date for Hotly Anticipated Parachain Auctions
There could still be minor changes to the schedule, but the first auction is slated to begin on Nov. 11.

Coinbase Co-Founder’s Venture Firm Raising $1.5B Fund, Document Shows
An investor deck shows Paradigm is in the process of raising what would be one of the VC world’s largest crypto-focused funds.

ConsenSys Holds Funding Round Talks With $3B Valuation
The Ethereum software company raised $65 million in April from financial giants such as JPMorgan Chase and Mastercard.

Regulatory Uncertainty a Recurring Theme at London’s Token2049
The crypto community needs to do a better job of lobbying and educating politicians, said Galaxy Digital chief Mike Novogratz.

MoneyGram Partners With Stellar and USDC for Blockchain-Based Payments
The firms will begin a pilot this year followed by a gradual rollout in early 2022.

DeFi Custodian Trustology Gets Green Light From UK’s FCA
The march toward institution-friendly DeFi continues.

Credit Suisse Creates Ethereum-Based Shares in Swiss Resort
The bank is working with Swiss crypto custody and trading platform Taurus on the project.

