The dYdX Chain, a decentralized derivatives trading platform, has reached a significant milestone with the launch of its beta mainnet stage. This transition was made possible through a governance vote that received overwhelming community support. The beta stage allows for active trading across 33 markets, offering users the opportunity to engage in trading with leverage […]
Singapore’s Monetary Authority, MAS, has launched new asset tokenization pilots as part of its efforts to enhance the country’s financial landscape. This move is seen as a significant step towards embracing digital assets and blockchain technology. The pilots aim to explore the potential of tokenizing various assets, such as real estate and private equity, and […]
BlackRock, a prominent asset manager in the crypto industry, has expressed concerns about stablecoins, specifically Tether (USDT) and Circle’s USDC, and their potential impact on its proposed iShares Bitcoin spot Exchange-Traded Fund (ETF). Stablecoins, which are designed to maintain a stable value by pegging it to a specific asset or currency, have become important players […]
OKX, a prominent crypto exchange firm, has partnered with Komainu and CoinShares to enhance security for segregated institutional crypto trading. The collaboration allows CoinShares to trade institutional assets on the OKX platform while maintaining custody through Komainu. This move is a significant step towards secure institutional crypto trading, emphasizing the importance of safeguarding assets to […]
The chairman of Kazakhstan’s National Payment Corporation (NPC) has conducted the first transaction using the country’s new central bank digital currency (CBDC), the digital tenge. During a recent speech, he made a payment using a debit card linked to the CBDC account. The digital tenge has been officially launched on the retail market, with plans […]
Investors who were pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback. The United States District Court for the Southern District of Florida rejected their request for class certification. Chief Judge Cecilia Altonaga stated that the plaintiffs failed to convince the court that issues of individualized reliance would […]
Smart analytics have revolutionized the investing landscape, empowering investors with valuable data and indicators to make well-informed financial decisions. These analytics offer insights into various aspects of the market, helping investors navigate the complexities of the crypto and Web3 space. By leveraging smart analytics, investors can save time, reduce emotional strain, and potentially increase their […]
Commerzbank, a German bank, has received a crypto custody license from local regulators, making it the first “full-service” bank in Germany to obtain such a license under the German Banking Act. This license allows Commerzbank to offer custody services for crypto assets and expand its digital asset services. The bank’s chief operating officer, Dr. Jörg […]
The Delaware authorities have launched an investigation into a false filing for a BlackRock XRP ETF. The filing, which appeared on the Delaware Department of State Division of Corporations website, claimed that BlackRock had filed for an XRP Exchange-Traded Fund. However, BlackRock quickly denied the allegations, stating that it had only filed for a Spot […]
In a compelling address at the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva urged nations to prepare for the eventual deployment of central bank digital currencies (CBDCs). She expressed optimism despite acknowledging that widespread adoption of CBDCs is still on the horizon, with approximately 60% of countries currently exploring these digital currencies in some […]
