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Bitwise ETF BITQ Surpasses $100M in Cypto Assets Under Management

Bitwise Asset Management, a leading crypto asset manager, has announced that its Crypto Industry Innovators ETF (NYSE: BITQ) recently surpassed $100 million in assets under management. This milestone comes amid a turning point for the crypto sector, which has seen positive industry developments, strong market performance, and growing investor interest throughout 2023. As of June … Continue reading Bitwise ETF BITQ Surpasses $100M in Cypto Assets Under Management

KPMG and Microsoft Launch Multibillion-Dollar AI Partnership, Unlocking Over US$12 Billion Growth Opportunity

In a landmark agreement announced on July 11, 2023, KPMG and Microsoft have pledged to reshape the landscape of professional services by placing Artificial Intelligence (AI) at the forefront of their operations. This significant expansion of their global relationship aims to modernize the workforce, ensure safe and secure development, and broaden the use of AI … Continue reading KPMG and Microsoft Launch Multibillion-Dollar AI Partnership, Unlocking Over US$12 Billion Growth Opportunity

CITD and XBE Pioneer Innovation with Launch of World's First DOT Standard 3+2 STO and NSTO

China Information Technology Development Limited (CITD) and Xtreme Business Enterprises (XBE) have announced the successful launch of the world’s first Digital Ownership Token (DOT) Standard 3+2 Security Token Offering (STO) and Non-Security Token Offering (NSTO). This marks a significant milestone in the evolution of blockchain assets and the development of Web 5. CITD, a leading … Continue reading CITD and XBE Pioneer Innovation with Launch of World's First DOT Standard 3+2 STO and NSTO

Web3 Startups Witness 76% Plunge in Venture Funding in Q2 2023

Data from Crunchbase shows that venture funding for Web3 startups, which includes cryptocurrency and blockchain businesses, has significantly decreased in the second quarter of 2023. Just over $1.8 billion was raised overall over 322 agreements, a 76% decrease in fundraising from the same time previous year. This reflects a 51% decrease in transaction flow and a … Continue reading Web3 Startups Witness 76% Plunge in Venture Funding in Q2 2023

Ripple Anticipates U.S. Banks to Adopt XRP Following Partial SEC Case Victory

San Francisco-based blockchain startup, Ripple, is optimistic that U.S. banks and financial institutions will adopt its XRP cryptocurrency for cross-border payments. This follows a significant ruling that the token is not necessarily a security. Ripple’s general counsel, Stu Alderoty, told CNBC that the company expects to begin discussions with American financial firms about using its … Continue reading Ripple Anticipates U.S. Banks to Adopt XRP Following Partial SEC Case Victory

Crypto Investment Firm Paradigm Welcomes New Government Affairs Lead Alex Grieve

On July 17, 2023, Alex Grieve, a veteran in the intersection of politics and financial policy, announced his new role as the Government Affairs Lead at Paradigm, a leading investment firm in the crypto industry. Grieve has a wealth of experience from his decade-long career in Washington, DC, starting with his tenure under Speaker of … Continue reading Crypto Investment Firm Paradigm Welcomes New Government Affairs Lead Alex Grieve

Shinhan Bank and SCB TechX Achieve Milestone with Successful Stablecoin Remittance Pilot on Hedera Network

Shinhan Bank, SCB TechX, and Taiwan’s largest financial institution have successfully completed a stablecoin remittance proof-of-concept (PoC) pilot on the Hedera network, as announced on July 18th, 2023. Shinhan Bank, a leading commercial bank in South Korea, boasts KRW 664.4 trillion in assets and serves 27 million customers. SCB TechX Co., Ltd., a digitally native, … Continue reading Shinhan Bank and SCB TechX Achieve Milestone with Successful Stablecoin Remittance Pilot on Hedera Network

Binance Trims Employee Benefits and Faces Regulatory Challenges Globally

According to a recent report by The Wall Street Journal, the global cryptocurrency exchange Binance has reduced several benefits for its employees, including reimbursements for mobile phone usage, fitness, and work-from-home expenses.  The company cited the “current market environment and regulatory climate” as the reasons for this change, which has led to a decline in … Continue reading Binance Trims Employee Benefits and Faces Regulatory Challenges Globally

INX to Tokenize and List Casper Labs Equity on Regulated ATS Platform

Accordint to Blockchain.News, INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF), a US-regulated broker-dealer, ATS, and transfer agent, announced on July 19, 2023, that it will tokenize and list the equity of Casper Labs, a leading enterprise blockchain software provider. Casper Labs has chosen INX as its preferred platform for tokenizing and listing … Continue reading INX to Tokenize and List Casper Labs Equity on Regulated ATS Platform

Bitget Eyes Middle East for Crypto Expansion, Plans to Hire 60 New Staff

Bitget, a leading crypto derivatives and copy trading platform, has announced plans to expand its operations into the Middle East, as reported on July 20, 2023. The Seychelles-based exchange is set to hire 60 new staff members as part of its global scaling strategy, aimed at increasing crypto adoption across new audiences. The Middle East … Continue reading Bitget Eyes Middle East for Crypto Expansion, Plans to Hire 60 New Staff

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