The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions.The project leverages the concepts of Decentralized Finance (DeFi) technology […]
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Pennsylvania-based Mosaic Exchange Limited and its owner and Chief Executive Officer Sean Michael for allegedly running a fraudulent digital asset commodity scheme. The CFTC alleges that Mosaic and its operators fraudulently solicited and induced at least 17 people in the US […]
Jenny Johnson, CEO of Franklin Templeton, one of the world’s largest asset managers, believes that securitization, a practice with over 50 years of history, is undergoing a dramatic transformation due to tokenization. Tokenization is the process of converting asset ownership rights into digital tokens on a blockchain. Johnson believes that tokenization is like “securitization done […]
The United States Securities and Exchange Commission (SEC) is facing allegations of conflicts of interest in its ongoing lawsuit with Ripple Labs. Two senior SEC officials who were part of the XRP lawsuit left the commission shortly after the regulator filed the suit against Ripple. Marc Berger, the former Acting Enforcement Director of the SEC, […]
Chainlink, a decentralized oracle service, has partnered with Australia and New Zealand Banking Group (ANZ) to conduct a case study involving its new Cross-Chain Interoperability Protocol (CCIP) technology. The study demonstrated that ANZ-issued stablecoins could be transferred cross-chain via CCIP to purchase nature-based assets. In a paper released by Chainlink Labs in collaboration with ANZ, […]
Bitcoin BTC rose 80% in the first two quarters of 2023, but fell 11% in the third quarter ending September. However, the bulls managed a positive monthly close in September, the first since 2016. October has a bullish track record, with only 2014 and 2018 producing negative monthly returns since 2013. This has boosted interest […]
The JPEX saga continues with the latest development of 18 suspects being arrested in Hong Kong and Macau in connection with the crypto exchange case. A total of $2.8 million has been seized in both cash and gold.Charges have been filed against two individuals in Hong Kong for allegedly using Macau casinos to launder illicit […]
At the Bitmain World Digital Mining Summit (WDMS) in Hong Kong, the common narrative around miners’ handling of block rewards and its effect on Bitcoin’s price was challenged. Jeff Taylor of Core Scientific revealed that they have built a 10,000 Bitcoin hoard and sell their Bitcoin production each day. This insight debunked the belief of […]
Honda Motor Co., a Tokyo-based manufacturer of automobiles, motorcycles, and power equipment, has partnered with the blockchain payment system FCF Pay to allow clients to lease or purchase company products in digital currencies instead of fiat. The accepted assets include Bitcoin (BTC), Ether (ETH), Ripple (XRP), Shiba Inu (SHIB), Binance Coin (BNB), Polkadot (DOT), Pepe […]
Chase Bank UK has recently announced that it will no longer accept payments related to crypto DeFi protocols. This decision has been met with criticism from crypto veteran investor and business magnate Brian Armstrong, who has advised UK crypto holders to close their Chase accounts. Coinbase and other top crypto exchanges have increased their global […]
