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Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment

Sygnum, a prominent digital asset banking group, has announced the tokenization of USD 50 million of Matter Labs’ treasury reserves. This strategic initiative has been facilitated through an investment in Fidelity International’s USD 6.9 billion Institutional Liquidity Fund (ILF), marking a significant advance in the integration of blockchain technology with conventional financial products. Matter Labs, … Continue reading Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment

Honduran Withdrawal from ICSID Backed by Economists Amidst Crypto Firm Dispute

A group of 85 economists has openly supported the Honduran government’s decision to withdraw from the International Centre for Settlement of Investment Disputes (ICSID), an arbitration body of the World Bank. This backing comes against the backdrop of a contentious battle with Próspera Inc., a firm specialized in creating cryptocurrency-powered islands, which has lodged a … Continue reading Honduran Withdrawal from ICSID Backed by Economists Amidst Crypto Firm Dispute

HKbitEX Receives Provisional Approval for Virtual Asset Trading Platform License in Hong Kong

HKbitEX, a digital asset trading group based in Hong Kong, has obtained provisional approval from the Hong Kong Securities and Futures Commission (SFC) for its virtual asset trading platform (VATP). The approval includes a Type 1 regulated activity license for securities trading and a Type 7 regulated activity license for the provision of automated trading … Continue reading HKbitEX Receives Provisional Approval for Virtual Asset Trading Platform License in Hong Kong

Everything You Need to Know When Using a Digital Currency Exchange

The crypto market is currently in another bull cycle. Bitcoin recently hit an all-time high price of $73,800. There are also hundreds of meme coins booming and busting in quick succession. Of course, you very likely already know this. And this is a testament to how much cryptocurrencies have permeated society and changed how we … Continue reading Everything You Need to Know When Using a Digital Currency Exchange

Consensys Urges SEC to Recognize Ethereum's Advanced Safeguards in Comment Letter on ETH ETF Approval

In a recent request for public comments on Nasdaq’s application for a rule change to permit the trading of iShares Ethereum Trust, the SEC specifically inquired about unique concerns related to ether’s proof of stake consensus mechanism and concentration of control or influence. Consensys responded to these concerns by explaining that Ethereum’s PoS model incorporates … Continue reading Consensys Urges SEC to Recognize Ethereum's Advanced Safeguards in Comment Letter on ETH ETF Approval

Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges

Roman Storm, one of the co-founders of the privacy-focused Ethereum mixer Tornado Cash, has put forward a motion to dismiss the charges of money laundering and the breach of the International Emergency Economic Powers Act (IEEPA) leveled against him. The legal representatives of Storm argue that the decentralized application (dApp) was designed to operate autonomously … Continue reading Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges

NEAR Launches Infrastructure Committee with $4 Million in Funding

NEAR Protocol has experienced significant growth in users and transactions in recent months. To ensure the smooth operation and expansion of projects and founders, the NEAR Foundation has launched the Infrastructure Committee. With a funding of $4 million allocated for infrastructure projects, the committee aims to strengthen NEAR’s Key Infrastructure and support the success of … Continue reading NEAR Launches Infrastructure Committee with $4 Million in Funding

Wiki Finance Expo Hong Kong 2024 Is Coming in May!

Regulation, Forex, Crypto, Web 3.0, NFTs, Metaverse, ESG Will Be in Focus. Taking place on May 17, 2024, Wiki Finance Expo Hong Kong 2024 is one of the largest and most influential FinTech and Web3.0 events in Asia in 2024. Participation is free. Register here to get your ticket for free: https://www.wikiexpo.com/HongKong/2024/en/hkexpo.html 500+ Event Supporting … Continue reading Wiki Finance Expo Hong Kong 2024 Is Coming in May!

BlackRock Expands Bitcoin ETF Operations with Five Major Wall Street Firms

BlackRock, the world’s largest asset manager, has taken a significant step forward in the cryptocurrency space by enlisting five prominent Wall Street firms to support its Bitcoin exchange-traded fund (ETF) operations. The firms—ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities—have been added as new authorized participants in the Bitcoin ETF … Continue reading BlackRock Expands Bitcoin ETF Operations with Five Major Wall Street Firms

Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

In a recent speech at the opening ceremony of the “2024 Hong Kong Web3 Carnival,” Deputy Secretary of the Financial Services and the Treasury Bureau, Edmond Huang, highlighted the government’s efforts in modifying relevant laws to bring over-the-counter (OTC) trading of virtual assets under formal regulatory oversight. The government also plans to allow intermediary institutions … Continue reading Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

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