Cryptocurrency Innovations 82 | MachinaTrader.com

Global Banks Pioneer Universal Digital Payments Network for Seamless Digital Currency Transactions

Global banks Deutsche Bank and Standard Chartered are collaborating on a groundbreaking solution that could revolutionize cross-border transactions in the world of digital currencies. They are currently testing a network called the Universal Digital Payments Network (UDPN), which has the potential to transform blockchain-based transactions.UDPN is a permissioned blockchain system that aims to facilitate seamless […]

Global Banks Pioneer Universal Digital Payments Network for Seamless Digital Currency Transactions

Circle Partners with Taiwan Convenience Store Chain to Launch Points-to-Crypto Service

Circle, a stablecoin issuer, has formed a strategic partnership with BitoGroup and Taiwan FamilyMart, the second-largest convenience store chain in Taiwan. The collaboration aims to enhance the value of loyalty points and facilitate entry into the digital economy for the Taiwanese market. Through the Taiwan FamilyMart App and the BitoPro Exchange, customers can now convert […]

JPMorgan’s JPM Coin Gains Momentum with $1 Billion in Daily Transactions, Plans Retail Expansion

JPMorgan’s digital asset, JPM Coin, has seen a surge in adoption, with daily transactions reaching $1 billion. The bank’s Global Head of Payments, Takis Georgakopoulos, revealed plans to expand the use of JPM Coin to retail customers. Currently, the asset is limited to institutional clients who use it to transfer US dollars and Euros. Since […]

Mastercard Teams Up with MetaMask and Ledger to Enhance Crypto Utility

Mastercard has formed partnerships with MetaMask and Ledger, two self-custody crypto wallet providers, to enhance the utility of cryptocurrencies for users. This collaboration aims to simplify the process of spending cryptocurrency balances on a daily basis. By joining forces with these trusted partners, Mastercard is taking steps to establish a transparent and trustworthy ecosystem within […]

Hashdex Meets with SEC to Address Concerns Over Bitcoin Futures ETF Application

Asset manager Hashdex recently met with the U.S. Securities and Exchange Commission (SEC) to address concerns about its application for a Bitcoin Futures exchange-traded fund (ETF). The meeting, which took place on October 13, included representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex presented its mechanism for trading and […]

Crypto Recovery Firm Offers to Unlock $244 Million Bitcoin Hard Drive

A company called Unciphered has offered to help former Ripple CTO Stefan Thomas recover more than 7,000 Bitcoin (BTC) that he has been unable to access for years. Thomas forgot the information needed to access an IronKey hard drive containing the Bitcoin, and he has used eight out of his ten attempts to enter the […]

Former FTX CEO to Testify at Criminal Trial as Matrixport Doubles Down on Bitcoin Price Prediction

Sam Bankman-Fried, the former CEO of FTX, will testify at his criminal trial, according to his defense lawyers. He is expected to take the stand along with three witnesses after the prosecution completes its case. Meanwhile, Matrixport, a cryptocurrency trading firm, has reiterated its prediction that Bitcoin will reach $45,000 by the end of 2023. […]

Bitfinex Securities Launches Tokenized Bond Denominated in USDT for Micro-Financing Enterprises

Bitfinex Securities has announced the launch of its first tokenized bond offering, marking a new era for capital raises through deep liquid markets and stock/fond markets. The bond, labeled ALT2611, is a 36-month offering denominated in USDT and carries a 10% coupon rate. It leverages Blockstream Liquid, a sidechain-based settlement network for Bitcoin. The bond […]

Discovering Helsinki: Finland’s Thriving Crypto Scene and Technological Advancements

Helsinki, the capital of Finland, is a vibrant city that has shown a growing interest in cryptocurrency and blockchain technology. The city has become a hub for crypto enthusiasts and is home to notable figures in the industry. One such figure is Martti Malmi, who made history by being the first person to sell Bitcoin […]