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AVAX Soars Over 22% as Traditional Firms Increase Tokenization Efforts
20.11.2023
Avalanche (AVAX) has surged over 22% in the last seven data following partnerships with top financial giants to explore real-world asset tokenization. The network’s native token has recorded massive activity in recent weeks becoming one of the top gainers as the market rebounds. Data from...
Digital Hong Kong Dollar Pilot Plan to Enter Second Phase Next Year
20.11.2023
Source: HKMA The Hong Kong Monetary Authority (HKMA) is set to initiate the second phase of its digital Hong Kong Dollar project next year, focusing on the exploration of innovative applications and reinforcing collaborations across the financial industry. During the Fintech Foresight Seminar held...
Dutch Central Bank Director Props Up Gold for Financial Collapse Scenario
20.11.2023
Aerdt Houben, Director of Financial Markets for the Dutch Central Bank (DNB), has talked about the value gold could have in a financial collapse scenario. As the bank has been recently increasing its gold holdings, Houben stated that due to its properties, gold might serve as a hedge in the case...
Kronos Research Loses $26 Million in Unauthorized API Access Incident
20.11.2023
According to Kronos Research, the crypto trading firm lost assets worth $26 million on Nov. 18 after an unknown party illegally accessed its application programming interface (API). Kronos Research claimed the losses associated with the unauthorized API access do not constitute “a...
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
19.11.2023
Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...
Ripple’s James Wallis underscores CBDCs’ role in breaking financial barriers
19.11.2023
Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions
Bitcoin Price Prediction as Recent Decline Triggers Largest Bull Liquidation in 3 Months – Is a Rebound Imminent?
19.11.2023
In recent financial news, Bitcoin (BTC) has witnessed a significant fluctuation in its market value, drawing attention to its latest price movements and the implications for investors and the cryptocurrency market as a whole. Despite a recent decline that triggered the largest bull liquidation...
APEC Meeting: Yellen Acknowledges Digital Assets’ Potential, Announces Regulation Advancements
17.11.2023
U.S. Treasury Secretary Janet Yellen has acknowledged the advantages that the adoption of digital assets might bring to several key economic activities. After the Asia Pacific Economic Cooperation (APEC) finance ministers’ meeting, Yellen stated that while digital assets do pose risks, they...
Fourteen Ukrainian Officials Receive Advanced Crypto Crime Investigation Training
17.11.2023
Source: Pixabay Ukrainian lawmakers and officials have received advanced training on identifying and investigating crypto-related financial crimes. The United Nations Office on Drugs and Crime and the OSCE Economic and Environmental Activities have organized the 4-day course. Fourteen...
Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG
17.11.2023
The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the evolution of Project Guardian, a series of tokenization...
JPMorgan Says JPM Coin Could Handle $10 Billion in Daily Transactions Next Year
17.11.2023
Global investment bank JPMorgan expects its digital currency, JPM coin, to “start taking off.” The bank says JPM coin could handle $10 billion in daily transactions in the next year or two, according to its global head of financial institution payments. He emphasized that JPM coin...
California, Texas Among States Accusing GS Partners of Misleading Crypto Investors
16.11.2023
Multiple U.S. states have ordered GS Partners to halt operations, accusing the company of defrauding investors in a number of crypto schemes, including tokenized pieces of a Dubai skyscraper and stakes of metaverse property
DeFi Market Concentration: Gauntlet Data Reveals Few Major Projects Dominate the Industry
16.11.2023
Image Soure: Adobe A limited number of participants are currently dominating decentralized finance (DeFi), the sector aiming to recreate financial markets without intermediaries. According to data gathered by Gauntlet, a crypto-risk modeling company, most categories within DeFi, such...
Turkey’s New Crypto Asset Regulations Expected in 2024 – Focus on Taxation and Licensing
16.11.2023
Source: Pixabay Turkey officials confirmed that the nation is considering debuting a new crypto market regulation, effective 2024. The regulation will emphasize addressing crypto licensing and taxation, per a Reuters report. Turkey is seeking to address concerns raised by the Financial Action Task...
Crypto for Advisors: Cryptocurrency Transparency Truths vs. Myths
16.11.2023
Darwood Khan from Alix Partners looks at on-chain analytics, tracing tools and just how much illicit activity leverages crypto and discusses why advisors should learn about blockchain technology
Singapore’s Monetary Authority to Expand Wholesale CBDC Pilots
16.11.2023
Source: Pixabay Singapore’s central bank, The Monetary Authority of Singapore (MAS) has unveiled plans to start live Central Bank Digital Currency (CBDC) wholesale pilots and efforts to expand the framework. On Nov 16, the financial authority released plans for a safe an innovative use of digital...
US Congress members urge financial authorities to invalidate SEC’s SAB 121
16.11.2023
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets
NYDFS Releases New Guidelines on Listing and Delisting Crypto on Trading Platforms
16.11.2023
Source: NYDFS The New York State Department of Financial Services (NYDFS), the authority that supervises and regulates activities of financial institutions in the State of New York, has released a guidance that regulate the listing and delisting of cryptocurrencies. The updated guidance, named...
South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles
16.11.2023
Source: Timon/Adobe The South Korean crypto exchange Bithumb has effectively confirmed reports that it is hoping to launch an initial public offering (IPO), but may be hampered by financial issues and ongoing legal problems. Per the South Korean media outlets Economist and Decenter, Bithumb wants...
New York finance regulator tightens crypto listing guidance
16.11.2023
Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS