Europe 53 | MachinaTrader.com

Deutsche Bank and Standard Chartered Collaborate on Stablecoin Swap Using Blockchain Technology

Deutsche Bank and Standard Chartered recently conducted a significant exchange of dollars for euros using stablecoins and blockchain technology. This departure from the trend of decentralization highlights a move towards a more centralized approach. While decentralized exchanges like Uniswap have made currency swaps user-friendly and accessible, banks engaging in swaps operate within their own infrastructure, […]

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

UK Financial Conduct Authority Cracks Down on Non-Compliant Crypto Promotions

In an effort to protect consumers, the UK Financial Conduct Authority (FCA) has issued a warning regarding common issues observed in promotions for crypto assets. The FCA has implemented a new marketing regime, asserting its authority over crypto promotions in the UK. The FCA has identified specific areas of concern since the new marketing rules […]

UK Financial Regulator Reports Over 200 Breaches of Crypto Marketing Rules

Crypto-promoting firms in the United Kingdom have been found to be in breach of the country’s new crypto marketing rules on multiple occasions. According to the Financial Conduct Authority (FCA), these firms have violated the rules at least 221 times since they came into effect in early October. The FCA has identified three common issues […]

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 […]

Crypto Firms Fail to Comply with UK’s New Promotion Rules, FCA Takes Action

The UK’s Financial Conduct Authority (FCA) has revealed that many cryptocurrency firms are failing to comply with its new promotional rules. These rules, which came into effect on October 8, require companies to warn users about the potential risks of investing in certain crypto products and prohibit them from offering referral bonuses. The FCA has […]

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 […]

UK Financial Conduct Authority Implements Stricter Marketing Rules for Cryptocurrency Firms

The United Kingdom’s Financial Conduct Authority (FCA) has implemented new marketing rules for cryptocurrency firms. These rules aim to protect consumers by ensuring clear and transparent promotion of products and services. The regulations include a ban on referral bonuses and the introduction of a 24-hour cooling-off period for first-time crypto investors. The cooling-off rule is […]