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Ethereum-based Tokenization Attracts Traditional Finance Giants
5.12.2023
As institutions regain interest in both Bitcoin (BTC) and Ethereum (ETH) as investment assets, they’re also exploring how the blockchain can redefine how finance is done using traditional assets. French financial giant Societe Generale (GLE), aka SocGen, announced on Monday that it completed a...
HSBC, Hang Seng Join China’s Digital Yuan Pilot
28.11.2023
Source: Eagle/Adobe The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Chinese arm confirmed...
Kraken Faces SEC Charges for Unlawful Crypto Trading Operations
21.11.2023
Image Source: CNBC The U.S. Securities and Exchange Commission (SEC) has added Kraken – a San-Francisco-based crypto exchange – to its hitlist of industry giants charged with a litany of securities law violations and internal control failures. In a lawsuit filed in a San Francisco court on Monday...
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
21.11.2023
Source: LT/Adobe Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS)...
AVAX Soars Over 22% as Traditional Firms Increase Tokenization Efforts
20.11.2023
Avalanche (AVAX) has surged over 22% in the last seven data following partnerships with top financial giants to explore real-world asset tokenization. The network’s native token has recorded massive activity in recent weeks becoming one of the top gainers as the market rebounds. Data from...
Microsoft and Tencent Join Forces with Infura for Blockchain Infrastructure
16.11.2023
Microsoft Office / Source: Adobe Crypto infrastructure giant Infura is taking its first step toward decentralizing core components of its service following years of criticism that the company is a ‘single point of failure’ for Ethereum. Over a dozen Web2 giants including Microsoft and Tencent have...
Grineo Unveils the Exciting Future of Digital Spending at Australian Crypto Convention
16.11.2023
PRESS RELEASE. SYDNEY, AUSTRALIA / November 16, 2023 / Grineo, the groundbreaking Australian FinTech startup, made waves at the highly anticipated AusCryptoCon in Melbourne on November 11-12, 2023. The highly coveted event, boasting over 15,000 attendees and co-hosted by industry giants such...
Kevin O’Leary Says Binance Could Lose Half of its Customers to Abu Dhabi’s M2 Exchange
15.11.2023
Image Source: CNBC Shark Tank star Kevin O’Leary has predicted that Abu Dhabi’s M2 exchange could pose a significant threat to industry giants. According to O’Leary, M2 will emerge as the largest regulated crypto exchange globally as it is backed by substantial capital and...
Microsoft, Tencent and other tech giants join decentralized Infura network
15.11.2023
Infura said the partnerships mark a major milestone in decentralizing and making its network more censorship-resistant
SEC’s FY 2023 Enforcement Actions Yield $5 Billion in Fines from Wall Street and Crypto Giants
15.11.2023
Source: Adobe/Kristina Blokhin The US Securities and Exchange Commission (SEC) has announced that its enforcement actions in fiscal year 2023 resulted in nearly $5 billion in fines and reimbursements to investors. In a Tuesday press release, the agency said it has targeted Wall Street brokerages...
First Mover Americas: Trading Giants Like Jane Street Might Support Blackrock’s BTC ETF
1.11.2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral
28.9.2023
JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
Binance Collaborates With Banking Giants to Launch Stablecoins in Japan
26.9.2023
Binance has announced plans to launch stablecoins denominated in the dollar, euro, and yen in Japan.
The initiative, set to take place next year, is made possible through a partnership with the trust banking arm of Mitsubishi UFJ Financial Group (MUFG), Takeshi Chino, the general manager...
A Look at the Online Safety Bill and How It Might Affect Privacy in the UK
11.9.2023
The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and encryption. The bill introduces clauses allowing...
Decentralized Infura launch within months, Web2 cloud giants may join: Consensys
8.9.2023
Decentralized Infura will consist of Infura and a decentralized market of other third-party data providers
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
3.9.2023
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd...
Bitcoin Miner Iris Energy Dives into Generative AI, Investing $10M in Nvidia GPUs Amidst Soaring Demand
31.8.2023
On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI)...
Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says
28.8.2023
A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as...
Coinbase Is Talking With Canadian Banking Giants to Promote Crypto
24.8.2023
U.S.-based crypto exchange Coinbase is in talks with Canadian banking giants, trying to convince them to support the crypto ecosystem in that nation, which the company recently entered as it grapples with regulatory uncertainty in its home country
Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023
16.8.2023
El Salvador paid $800 million in debt at the start of the year before the maturing period, raising the confidence of investors, as President Bukele says "told you so"