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Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon
22.12.2023
The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The company, which oversees the pax dollar (USDP), anticipates that Solana-issued USDP will be publicly available starting Jan. 17, 2024. Paxos Set to Launch Stablecoin...
Galaxy Digital Seeking to Score Deals From Defunct Cryptocurrency Companies
22.12.2023
Galaxy Digital, a digital assets and blockchain financial services company, is seeking to score deals with defunct cryptocurrency companies to acquire their assets. According to reports, the company is eyeing FTX’s venture capital portfolio, which has a sizable stake in artificial...
Seasoned Trader Peter Brandt Challenges Bitcoin Halving Hype Calling It a ‘Whole Lot of Excitement Over Nothing’
21.12.2023
Recently, the seasoned financial analyst and trader Peter Brandt has been increasingly expressive about crypto assets, with a particular focus on bitcoin and ethereum. On Dec. 21, 2023, Brandt reaffirmed his stance regarding the anticipated Bitcoin reward halving set for April 2024. He contends...
Ethereum Emerges as a Key Blockchain for Tokenized Real-World Assets
21.12.2023
The pace of real world asset tokenization picked up steadily in 2023. That’s likely to increase next year, with Ethereum well placed to benefit, says Cristiano Ventricelli, of Moody’s
UAE Authority Updates Anti-Money Laundering Measures to Implement FATF’s Travel Rule
21.12.2023
Image Source: Diana/Adobe Stock The Financial Services Regulatory Authority (FSRA), a financial regulatory body in the United Arab Emirates, has released an updated version of its Anti-Money Laundering (AML) and sanctions rules specifically tailored for digital assets. In an official announcement...
Solana, Avax, Helium Led Digital Assets Gains This Year. What's Next?
21.12.2023
What to watch for in 2024, according to market analysts
Court Freezes $1 Billion of Assets of Three Arrows Capital Founders
21.12.2023
The worldwide order by a British Virgin Islands court applies to founders Su Zhu, Kyle Davies and Davies' wife, Kelly Chen
Tackling NFT Theft With the Three Address Protocol
21.12.2023
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...
Court Freezes 3AC Co-Founders’ Assets Worth $1.14 Billion
21.12.2023
Source: Adobe/Christophe Fouquin A British Virgin Islands court has issued an order freezing approximately $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC). According to Teneo, the firm’s liquidator, the court order prohibits co-founders Su Zhu and Kyle...
Phantom Wallet Introduces Trading for Bitcoin, Ordinals, and BRC-20 Tokens
21.12.2023
Source: DALL·E Multichain cryptocurrency wallet Phantom has broadened its services, introducing support for Bitcoin, Ordinals, and BRC-20 tokens. According to a blog post, Phantom has launched the new features in a current beta phase, allowing users to opt-in for trading and transferring these...
Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto
21.12.2023
A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than...
Smart Contract Tokens Solana and Avalanche Surge, Closing in on BNB and Ethereum
20.12.2023
Recently, the smart contract platform tokens solana (SOL) and avalanche (AVAX), both considered layer one (L1) crypto assets, have been narrowing the gap with ethereum (ETH), the most prominent smart contract platform in terms of market valuation. Over the past month, solana has experienced a...
Ledger Responds to Connect Kit Exploit With Reimbursement Plan, Security Overhaul
20.12.2023
In a decisive move following a significant security incident, Ledger, a well known crypto hardware wallet manufacturer and security firm, announced a response plan. Approximately $600,000 in assets were stolen from users due to an exploit involving blind signing on EVM decentralized applications...
Ledger Hardware Wallet Will Compensate Users for $600,000 Exploit
20.12.2023
Source: iStock Hardware wallet provider Ledger has announced its intention to reimburse victims for the approximately $600,000 in assets lost due to the recent ConnectKit exploit. In a December 20 statement on X (formerly Twitter), the firm assured that the lost assets would be reimbursed before...
TaxWraps: Unwrap the Financial Gift of Tokenization this Christmas
20.12.2023
As tokenization takes hold, we propose a way to defer tax liabilities, bringing the tax efficiencies of ETFs to a wide market
Tis the Season To Be Jolly About the Crypto Market in 2024
20.12.2023
With TradFi moving in, the crypto industry is finally taking its place as the future of finance, says Kelly Ye, at Decentral Park Capital
Coinbase CEO Says an Anti-Crypto Stance is a Bad Political Strategy Ahead of 2024
20.12.2023
Source: a video screenshot Coinbase CEO Brian Armstrong has said that an anti-crypto stance will be a bad political strategy for the 2024 elections giving reasons why millions of young people are backing digital assets. In a Dec 19 post on X ( formerly Twitter), the Coinbase Chief Executive listed...
Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore
20.12.2023
Reflecting Singapore’s progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning...
Hong Kong Authorities Block Two Crypto Websites Suspected of Fraud
20.12.2023
Source: Pixabay The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding two crypto firms suspected of engaging in fraud. The watchdog has cautioned the public to be wary of “LonShiX” and “Bitbank (Global) Financial Holding Group,” both...
Ghana’s Securities Regulator Creates Taskforce to Build Capacity for Crypto Asset Oversight
20.12.2023
The Ghanaian securities regulator has established a task force which is expected to help it boost its capacity to regulate crypto assets. Ghanaian residents have continued to trade and invest in cryptocurrencies and this has forced the regulator to think of ways to protect crypto users. Gaining...