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7 May 2026, 14:06

Institutional money shakes BTC as tokenized real estate rises

🚨 Institutional money is changing how $BTC moves and operates. Loudmouth sees a new era with tokenized real estate on blockchain. Continue Reading: Institutional money shakes BTC as tokenized real estate rises The post Institutional money shakes BTC as tokenized real estate rises appeared first on COINTURK NEWS .

7 May 2026, 14:00

Inveniam launches NVNM Chain

Inveniam, a data infrastructure company for private markets, has announced the launch of NVNM Chain, a purpose-built Layer 2 blockchain designed to provide verifiable, immutable records for decisions made by autonomous AI agents, according to details shared with Finbold on May 7. Backed by more than 90 granted U.S. patents and over $200 billion in private market assets credentialed through Inveniam’s IO platform, NVNM Chain is positioned as an attestation layer for institutional AI. The network is designed to allow AI agents to cryptographically record the data they relied on, their reasoning process, and the accountable human operator behind each decision. Mainnet is scheduled to go live on May 13, 2026. “The conversation around AI in financial services has shifted from capability to accountability,” said Patrick O’Meara, Founder and CEO of Inveniam. “Regulators are no longer asking whether an AI agent can act. They are asking how you prove what it acted on. NVNM Chain is the receipts layer for that question, built on infrastructure we have been credentialing institutional data against for more than a decade.” Regulatory pressure accelerates demand for AI accountability The launch comes as autonomous AI agents are increasingly deployed across capital allocation, compliance review, and treasury operations, often outpacing the governance frameworks meant to oversee them. According to forecasts from Gartner, 40% of enterprise applications are expected to embed task-specific AI agents by the end of 2026, up from fewer than 5% in 2025. At the same time, a 2026 survey by Deloitte found that only one in five companies has a mature governance model for autonomous agents. Regulatory timelines are further narrowing the gap. The EU AI Act enters its enforcement window in August 2026, with penalties of up to €35 million or 7% of global turnover for firms unable to evidence the data behind high-risk AI decisions. In the U.S., FINRA has flagged AI auditability as a supervisory priority, while OMB Memorandum M-26-04 requires federal contractors to maintain provenance records for AI systems used in regulated workflows. Against this backdrop, NVNM Chain is designed to replace fragmented internal logs with a neutral, independently verifiable ledger. Each record settles in under a second and costs a fraction of a cent, making it feasible to capture receipts for every meaningful AI-driven decision rather than limited samples. Purpose-built infrastructure for regulated AI workflows While general-purpose blockchains can store hashes, NVNM Chain has been designed specifically for institutional and regulatory constraints. Each AI agent operating on the network carries an on-chain identity through a “Know Your Agent” credential, linking the agent to a verified human operator and a defined scope of authorization. Only pre-approved operations are accepted by the chain, preventing agents from acting outside their assigned mandates. Records are written under access controls that mirror existing enterprise data governance structures, allowing compliance teams to approve the infrastructure once rather than re-auditing individual applications. At launch, NVNM Chain includes two production-ready components: an MCP Server that allows AI agents to record source data and reasoning through a single function call, and a Know Your Agent portal that enables instant revocation of authority if an agent exceeds its approved scope. The network has already been validated through TraceChain, a live deployment used by AIRev and OnDemand to run compliance checks on GPU export controls at billion-event scale, within the regulated technology environment framework of G42 and the Bank for International Settlements. Built on a patent portfolio with priority dates going back to 2017, NVNM Chain draws on Inveniam’s long-standing work in blockchain-based attestation of real-world asset data. The chain launches with an integrated data feed covering hundreds of billions of dollars in credentialed private market assets, providing an immediate production-ready foundation for accountable AI deployment. Featured image via Shutterstock. The post Inveniam launches NVNM Chain appeared first on Finbold .

7 May 2026, 13:26

At Consensus Miami: Solflare founder tells Cryptopolitan the idea of crypto wallets replacing banks is “delusional”

Solflare founder Vidor Gencel told Cryptopolitan at Consensus Miami that he does not buy the loud crypto banking story being sold across the industry. Vidor said wallets can serve a real group of users, especially people who already hold USDC, trade often, or get paid in stablecoins. But he rejected the bigger claim that wallets are about to replace banks for everyone. “Going and thinking, okay, crypto wallets are now going to replace banks or neobanks is just very delusional,” Vidor told us. Solflare founder tells Cryptopolitan crypto cashback can hide card fees Vidor explained to us that cashback can mislead users when the real cost sits inside card fees. He compared crypto cards with large traditional banks such as JPMorgan Chase (JPM), which can charge merchants high fees and return part of that money to customers. Crypto card firms usually do not have the same power, so the reward can come from somewhere else. Vidor pointed to foreign exchange fees as the place where users need to pay attention. A person may spend USDC on a euro purchase, see 2% cashback, and miss the fact that the card charges more on currency conversion. “Some cards have that FX fee as high as like 3 or 4%, and then do 2% cashback,” Vidor said. He named Bybit , which is privately held, while explaining the issue. In his example, a user pays a 3% FX fee and gets 2% cashback, leaving the card provider with the difference. “So they effectively earn 1% in all of their spending,” he said. Vidor said Solflare wants the card cost to be clear. Issuing is free. Onboarding is free. KYC is free. The user pays a 1% FX fee when spending in non-dollar currencies. That setup is less flashy than a huge cashback number, but the math is easier to understand. https://www.cryptopolitan.com/wp-content/uploads/2026/05/telegram-cloud-document-5-6332533780183522670.mp4 He also said the card is not the full Solflare strategy. The company still likes the neobank idea, but with limits. He said users who make more than two transactions show very strong retention, which tells Solflare that the product works for a narrow but serious crowd. For people outside crypto, the offer is harder. If someone does not hold USDC, does not trade, and does not already use a wallet, the card may not beat a normal banking product. Solflare stays Solana-only as stablecoin incentives get serious Vidor also said Solflare is not planning to leave its Solana-only path. Phantom expanded across other chains, but Vidor said the data does not make that route attractive for Solflare. He said revenue from extra chains has often been “less than 5% of their all-time revenue” for wallets that tried it. His view is that Solana can handle the main jobs wallets need, including trading, payments, and remittance. He said the Solflare team has been going deeper into Solana since 2020 because the network is cheap, fast, and active. He accepted that perpetuals are different because Hyperliquid has its own position there, but he still expects Solana to do well. The card market is now crowded. Binance is private and has a card. Other exchanges have cards. Wallets are building them too. Vidor said the business depends on the market, but crypto cards in Europe are often money-losing products unless the company controls issuing and more of the back end. He said the best use case is simple. If a user is paid in USDC or trades into USDC, spending from a Solflare card cuts out extra transfers, repeated checks, and another app. That is why card usage can send people back into the wallet again. The banking dream also came back after meme coin mania left new money in crypto. Vidor said people started talking again about removing banks, then poured money into card and account products. But the rails are still familiar. These apps use banking partners, run AML checks, and ask the same risk questions banks ask because a bank still has to approve the user. On stablecoins, Vidor said the market is changing because Circle (CRCL) now understands that it has to share incentives. He said USDT is harder to track, while USDC and USDT remain the only truly successful stablecoins at scale. Vidor then mentioned PayPal (PYPL), saying its stablecoin incentive deals look more like B2B arrangements with DeFi platforms than public retail adoption. But said that it’s “giving good incentives for the other DeFi platforms,” regardless.

7 May 2026, 13:11

CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower

Near Protocol (NEAR), down 1% from Wednesday, was also an underperformer.

7 May 2026, 12:41

What are Ripple, Mastercard, Ondo and JPMorgan Planning With XRP Ledger?

Ripple, Mastercard, Ondo Finance and JPMorgan have completed a pilot transaction that used the XRP Ledger and bank payment infrastructure to redeem a tokenized U.S. Treasury fund across borders. The transaction involved Ondo’s Short-Term U.S. Government Treasuries fund, known as OUSG. Ripple redeemed part of its OUSG holdings on the XRP Ledger, while the related U.S. dollar payment was delivered to Ripple’s bank account in Singapore through JPMorgan’s correspondent banking network. The companies said the pilot tested a model for near real-time settlement outside standard banking cut-off times. It combined a public blockchain, tokenized fund redemption, Mastercard’s Multi-Token Network and Kinexys by JPMorgan in one transaction flow. XRP Ledger Processes Tokenized Treasury Redemption Ondo processed Ripple’s OUSG redemption on the XRP Ledger, a public blockchain used for digital asset settlement. The transaction represented the on-chain portion of the redemption process for a tokenized U.S. Treasury product. OUSG gives investors tokenized exposure to short-term U.S. government debt instruments. The product was launched in 2023 and has been issued across several blockchain networks, including Ethereum, Polygon, Solana and the XRP Ledger. After Ondo completed the redemption on the XRP Ledger, Mastercard’s Multi-Token Network routed the payment instruction to Kinexys by JPMorgan. Kinexys then debited Ondo’s Blockchain Deposit Account and supported the dollar transfer to Ripple’s Singapore account. Ripple said the pilot showed that institutions can use blockchain and global banking infrastructure in a single cross-border transaction process. Ondo said the transaction connected tokenized assets with the wider financial system through coordinated settlement. Mastercard and JPMorgan Connect Payment Rails Mastercard’s Multi-Token Network was used to link on-chain activity with fiat payment instructions. The network is designed to support interaction between tokenized assets and traditional financial accounts. JPMorgan participated through Kinexys, its blockchain-based payments and settlement platform. Kinexys supported the bank-side movement of U.S. dollars after the tokenized fund redemption took place on the XRP Ledger. The transaction placed one part of the process on a public blockchain and the other on regulated banking infrastructure. The companies said this approach may reduce reliance on separate manual instructions, wire transfers and limited banking hours for tokenized fund redemptions. The pilot also follows previous tokenization tests involving JPMorgan, Chainlink and Ondo Finance. Those earlier tests examined how tokenized U.S. Treasury funds could move between public and permissioned blockchain networks. Zack Chestnut, global head of commercialisation at Kinexys by JPMorgan, said institutional-scale tokenized markets require cooperation across public blockchains, global banks and payment networks. Mastercard’s Raj Dhamodharan said tokenized commerce is moving toward real-time use through existing bank accounts. Tokenized Treasury Settlement Expands Across Banks The pilot comes as tokenized U.S. Treasuries continue to gain activity in digital asset markets. These products allow investors to hold blockchain-based claims tied to funds backed by short-term government securities. Ondo said OUSG offers a 3.48% APY and has about $610 million in total value locked. The fund is one of several tokenized Treasury products being used by crypto firms, asset managers, and institutional investors. Activity on the XRP Ledger has also grown in real-world assets. Data cited from RWA.xyz showed the total value of tokenized real-world assets on the network above $3 billion, with tokenized U.S. Treasuries on the ledger reported above $418 million. The pilot was described as a near real-time, cross-border, and cross-bank redemption of a tokenized U.S. Treasury fund. It did not announce a full commercial rollout or a date for wider market use. The companies said the same structure could support redemptions from any public blockchain where OUSG is issued. That would allow tokenized funds to remain available across multiple networks while connecting to bank settlement systems. For Ripple, Mastercard, Ondo, and JPMorgan, the pilot tested how tokenized assets can be redeemed and settled with fiat payments across borders. The transaction adds to ongoing work by banks, payment firms, and blockchain companies to build financial market systems that can operate beyond traditional business hours.

7 May 2026, 12:22

Security alert: Ledger users receive scam letters for urgent quantum resistance update

According to new reports, scammers have resorted to physical mail to defraud Ledger wallet hardware users, sending threatening letters that prey on fears of quantum computing. Reports allege that victims have been receiving professionally printed letters from what appears to be Ledger, requesting a Quantum Resistance Security Update for the Ledger device they possess. These letters contain QR code links that are meant to take them to phishing sites where their 24-word seed phrase will be captured. Ledger users fall into quantum threat trap According to reports, several people have reported instances of the scam on X in the past few days. According to reports, the letter mentions the correct model number and order history of the product in line with Ledger’s protocols. Scam reports first came to light in late April 2026, and it was tied to data that could only be obtained from the 2020 data breach . During this time, Ledger suffered a major data leak, and hackers got away with the names, addresses, and phone numbers of thousands of customers. Thanks @Ledger for sending me this letter about the quantum resistance upgrade! Can’t wait to scan the QR code and get rekt pic.twitter.com/QYnqKNhVrB — IrishBitcoinBro ᴳᴹ ☀️ ᴵᴿᴮ 🇮🇪🫡 (@IrishBitcoinBro) May 6, 2026 One such user, “@IrishBitcoinBro,” took a picture of the mail and posted it on May 6, along with some sarcasm toward Ledger and a warning to others about the QR code. The company acknowledged the matter and assured everyone that it had a strict policy: “Ledger will never call, DM, or ask for your 24-word recovery phrase.” The CTO of Ledger, Charles Guillemet, has detailed the practical impacts of post-quantum computing on crypto security, stressing that while ECC is not currently at risk, it is essential to prepare now. As Guillemet outlined, security on blockchain relies extensively on ECC for public and private keys. If quantum computing has advanced enough, the application of Shor’s algorithm would enable cybercriminals to calculate private keys from publicly revealed public keys. Ledger’s CTO urges proactive preparation for quantum computers that could break ECC. Source: X This is because public keys are exposed each time money is transacted, in Bitcoin’s initial outputs, and when addresses are reused. Guillemet emphasized that security in blockchains should not depend on hiding them, ruling out any “wait-and-see” policy. In response to user concerns, Ledger states that it is closely tracking developments and collaborating with the blockchain community to develop quantum-resistant solutions. Ledger guides its customers towards pertinent information on such hacks. However, the team cannot promise an immediate delivery of firmware upgrades through mail. Quantum threat set to affect BTC and ETH as early as 2030 According to a recent study by the quantum security firm Project Eleven , there may be a real vulnerability in cryptocurrencies like Bitcoin and Ethereum before 2030. Researchers have identified the existence of a “cryptographically relevant quantum computer” (CRQC). The finding implies that CRQC is more likely to emerge by 2033 and may even arise as soon as 2030. As reported by Cryptopolitan , the threat lies in Shor’s algorithm, which allows quantum computers to effectively compute the elliptic curve discrete logarithm for ECDSA signatures used by Bitcoin and Ethereum. The recent breakthrough includes a study conducted by Google in March 2026, which significantly reduced resource requirements. According to the study, cracking Bitcoin’s cryptographic security could be possible using about 1,200 logical qubits in less than 90 minutes on superconducting hardware. According to Project Eleven’s study, there is a high risk of exposure: around 6.9 million BTC (roughly one-third of the total) are stored in addresses whose public keys are exposed and thus susceptible to “harvest now, decrypt later” attacks. For Ethereum, more than 65% of ETH tokens are in such addresses. The funds could be irrecoverably lost once decrypted by a quantum computer, since the blockchain system is immutable. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .