Crypto firm Paxos has received in-principle approval from Abu Dhabi’s regulator to issue stablecoins and provide digital asset services. The Financial Services Regulatory Authority in the Abu Dhabi Global Market has granted Paxos approval to issue U.S. dollar-backed stablecoins and offer crypto-brokerage and custody services in the Emirate. This approval follows a similar move by […]
Paxos, a leading digital asset company, has received provisional approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This marks a significant milestone for Paxos as it allows them to issue stablecoins backed by US dollars and other currencies, as well as offer crypto-brokerage and custody services from their regulated entities in the […]
Wormhole, a company specializing in cross-chain expansion, has secured a record $225 million in funding. This significant milestone has propelled the company’s valuation to an impressive $2.5 billion. As a result of this funding, Wormhole has decided to spin off into Wormhole Labs, further emphasizing its commitment to expanding its cross-chain capabilities. This move is […]
The Bank for International Settlements (BIS) Innovation Hub has released its final report on Project Tourbillon, an initiative focused on developing a “private CBDC” (central bank digital currency). The report explores the concepts of privacy, security, and scalability through the use of two prototypes called eCash 1.0 and eCash 2.0. These prototypes, based on the […]
The Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove two bitcoin exchange-traded funds (ETFs) – the Franklin Bitcoin ETF and the Hashdex Bitcoin Futures ETF. This delay has led some experts to speculate that the SEC may be preparing to approve a batch of bitcoin ETFs in early […]
Fireblocks, a multi-party computation (MPC) wallet provider, has introduced a new trading system called “Off Exchange” for institutional traders. This system allows traders to swap tokens without depositing them on the exchange, reducing counterparty risk. The Off Exchange system works by using a shared MPC wallet with a private key consisting of three shards. The […]
Japan’s SBI Holdings, a leader in asset management and blockchain technology, has formed a strategic collaboration with Circle, the company behind the USDC stablecoin. This partnership aims to promote the adoption of digital currencies, specifically the USDC stablecoin, in the Japanese market. SBI Trade is seeking approval to deal in USDC under electronic payment regulations, […]
Arax Holdings has recently launched the CBC20 Core Token on the Core Blockchain as part of its plan to expand the blockchain network ecosystem. This token aims to integrate real-world assets into digital asset management platforms. With a total supply of 1 billion, the Core Token offers various services within the Core Ecosystem and facilitates […]
The decentralized trading platform dYdX Chain has completed its mainnet migration and officially launched full trading. This milestone was achieved after a successful governance vote, highlighting the platform’s commitment to decentralized decision-making and community-driven development. Major markets such as BTC-USD, ETH-USD, SOL-USD, and LINK-USD are now available for trading on the platform. The transition to […]
More foreign banks have joined China’s digital yuan central bank digital currency (e-CNY CBDC), bringing the total to four. Hong Kong-based HSBC, Hang Seng Bank, and Taiwanese bank Fubon Bank have integrated e-CNY into their platforms, allowing clients to transfer and withdraw the digital currency. Hang Seng Bank has even enabled personal banking customers to […]
