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Adeniyi Abiodun, Co-Founder of Mysten Labs, on The Role of Blockchain for Digital Economies, and Building Libra/Diem | Ep. 274
17.10.2023
In an exclusive interview with cryptonews.com, Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs, talks about building Facebook’s blockchain/cryptocurrency Diem, crypto as a solution for the unbanked in the world, and Sui blockchain....
Read More: Adeniyi Abiodun, Co-Founder of Mysten Labs, on...
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Digital Asset Products Notch Third Consecutive Weekly Inflow, Attract Over $15 Million
17.10.2023
Cryptocurrency products recorded inflows for the third consecutive week signaling improved sentiment from institutional investors after a shaky start to the year.
A new CoinShares report on Oct 16 tracking weekly flows into cryptocurrency investment products shows a win for the market, an uptick...
Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution
17.10.2023
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.
Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
The latter is a traditional alcohol...
SEC plans scrutiny of crypto dealer-brokers, transfer agents, per 2024 exam guide
16.10.2023
The SEC sets examination priorities based on feedback from examiners and input from investors and the industry
World Blockchain Summit Dubai: Igniting innovation, forging alliances, and revolutionizing the digital landscape
16.10.2023
With new regulatory frameworks for digital assets and issuance of commercial licenses for Web3 projects, Dubai is all set to become the blockchain capital in the Middle East region. World Blockchain Summit, an event by Trescon, returns to Dubai on 1-2 November 2023 at the Address Dubai Marina, with...
Acme Introduces an Intent-Based Network to Simplify Blockchain Transactions
16.10.2023
PRESS RELEASE. Acme, founded by Nilesh Khaitan (ex-head of crypto, Venmo-PayPal), is building an intent-based network to simplify on-chain transactions to #OneTap. Acme’s experience makes on-chain transactions accessible to non-crypto natives, and empowers developers to simplify and secure...
Russian Business Titan Sber to Join Digital Ruble Pilot
16.10.2023
Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC.
Vedemosti reported that Sber’s influential CEO, the former Economy Minister Herman Gref, said his firm “will definitely” join a “second wave” of banks that will...
Agnostic Nature of Blockchain Technology ‘Makes It the Ideal Foundation for Global Travel Industry’ — Pablo Castillo
16.10.2023
Although the travel industry is said to be in great need of digital innovation, according to Pablo Castillo, the CTO of the blockchain-based travel firm Chain4travel, “aviation is the most obvious sector to innovate with blockchain.” To support this assertion, Castillo, a former group...
Australia's Government Calls for Digital Asset Platforms to Abide by Existing Financial Regulations
16.10.2023
The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds.
The proposal, released on Monday, suggests subjecting digital asset platforms to the same laws that govern other...
NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue
16.10.2023
Decentraland Foundation executive director Yemel Jardis believes as people become more educated about NFTs, the focus will shift from speculative trading to genuine utility
Dollar vs. Bitcoin Clash: Experts Flex Opposing Views; SBF Trial Update — Week in Review
15.10.2023
Berkshire Hathaway’s Charlie Munger says most crypto is going to zero, while a Jefferies analyst says bitcoin is actually set to thrive in the case of a dollar collapse. Meanwhile, American economist Jeffrey Sachs says central bank digital currencies (CBDCs) are the real money of the near...
UAE Government Unveils White Paper Focused on Metaverse Regulation
15.10.2023
The United Arab Emirates government recently announced the unveiling of a white paper which underscores the potential of the metaverse but also the areas “where the global community must strengthen its preparedness.” Globally Accepted Standards The United Arab Emirates government...
California Gov. Newsom greenlights crypto regulation bill for 2025
15.10.2023
The bill will mandate crypto firms to uphold financial records and allow regulators to conduct audits on these entities
Sailing the crypto seas: Bitcoin Cash and Bitcoin Spark in the new age of digital currency
14.10.2023
Altcoins have emerged as rampant digital currencies in the decentralized ecosphere. Retail and individual investors have always been on the lookout for such projects. They have played a pivotal role in developing the digital currency ecosystem. Other altcoins, such as Bitcoin Cash and Bitcoin...
Moscow Exchange Plans to Issue Real Estate Digital Assets by 2024
14.10.2023
The Moscow Exchange, the largest exchange in Russia, has announced plans to issue real estate digital assets in 2024. According to Sergei Kharinov, director of digital assets for the platform, this will lower the entry barrier for qualified and unqualified investors to put part of their portfolio...
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...
Mastercard Demonstrates New Solution for CBDC Tokenization
14.10.2023
Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with increased security and ease.” A Mastercard...
China Opens Digital Yuan Park in Shenzhen
14.10.2023
Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region. Shenzhen...