The Office of the Comptroller of the Currency (OCC), a bureau of the Treasury Department, is organizing a symposium on tokenization in February 2024. This event aims to spark a public discussion on the potential of tokenizing real-world financial assets and liabilities. The Acting Comptroller, Michael J. Hsu, emphasizes the distinction between crypto and tokenization, […]
India’s state-run refiner Hindustan Petroleum (HPCL) has partnered with blockchain software firm Zupple Labs to launch a blockchain system for automated verification of purchase orders (POs). The system, called LegitDoc, integrates Zupple Labs’ blockchain-based digital credentialing technology into HPCL’s purchase order system. This allows HPCL to issue digital POs to vendors without manual verification, while […]
Rumors are circulating that France’s Central Bank, Banque de France, is considering adopting XRP for its digital euro. While there has been no official announcement from the bank, it is not new to the blockchain and crypto space. The bank previously ran a pilot test of a Central Bank Digital Currency (CBDC) on a blockchain […]
Bitcoin core developers have been engaged in a heated debate over improvement proposals (BIPs) to address issues with the protocol. At a recent panel in Bitcoin Amsterdam, developers Paul Sztorc and Peter Todd clashed over Sztorc’s work on Drivechains. Sztorc’s LayerTwo Labs has been working on BIP-300 for six years, advocating for the creation of […]
In the next three days, the NewsBTC team will be covering xDay 2023, an event organized by MultiversX in Romania. Formerly known as Elrond, the project has rebranded and shifted its focus to the Metaverse, which is currently a hot trend in the crypto industry.MultiversX has launched new products, including a “Super App” called xPortal, […]
In the next three days, the Bitcoinist team will be covering xDay 2023, an event organized by MultiversX in Romania. MultiversX, formerly known as Elrond, has rebranded and shifted its focus to the Metaverse, a popular trend in the crypto world. The project has launched new products, including a “Super App” called xPortal, to expand […]
South Korean regulators are launching an investigation into Sui Network, a blockchain platform, amid allegations that the developers lied about certain aspects of the token. The Financial Supervisory Service (FSC) will determine whether Sui is operating as a fraudulent scheme. The main concern is the significant drop in Sui’s price, which has lost over 91% […]
Tesla reported its Q3 2023 results, revealing that it has not made any changes to its Bitcoin holdings for the fifth consecutive quarter. The electric vehicle manufacturer currently holds $184 million worth of digital assets, a portion of the $1.5 billion worth of Bitcoin it acquired in March 2021. Despite not buying or selling any […]
BNB Chain has announced the launch of its Greenfield Mainnet, a decentralized storage-centric network designed for data-intensive decentralized applications within the BNB ecosystem. The network offers customizable storage solutions that integrate with smart contracts on the BNB Smart Chain. Greenfield provides integrated access control, allowing users to upload data and set access permissions before service […]
Federal Reserve Bank governor Michelle Bowman has expressed uncertainty about the use case for a central bank digital currency (CBDC) in the United States. Speaking at a roundtable event at Harvard, Bowman suggested that there may be alternative solutions that already address the same issues that a digital dollar aims to solve. She highlighted that […]
