Search Results for: International

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

Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends

In a survey, Dragonfly has released its 2023 Crypto Compensation Report, providing a much-needed analysis of compensation trends within the rapidly evolving cryptocurrency industry. The report, authored by Zackary Skelly and Chris Ahsing, offers a detailed examination of salary structures, equity packages, and token compensation across various roles and geographies, shedding light on the competitive … Continue reading Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends

EU Probes AliExpress, LinkedIn Over DSA Compliance as AI Act Passes Parliament

In a moment for the digital landscape in Europe, two significant developments have emerged. The European Union has launched investigations into whether the e-commerce platform AliExpress and the professional networking site LinkedIn are in compliance with the newly implemented Digital Services Act (DSA). Simultaneously, the European Parliament has given its nod to the much-anticipated Artificial … Continue reading EU Probes AliExpress, LinkedIn Over DSA Compliance as AI Act Passes Parliament

Riksbank's Final Report on e-Krona Explores Offline Payment Solutions

Amid the global race to digitize national currencies, the Riksbank, Sweden’s central bank, has concluded its e-Krona pilot project, releasing a comprehensive report detailing its findings on offline functionality and how it could enhance the end-user experience. This exploration into digital currency represents a significant step in modernizing the financial system and addresses a critical … Continue reading Riksbank's Final Report on e-Krona Explores Offline Payment Solutions

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

Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery

Following a transformative year, Bakkt Holdings, Inc. (NYSE: BKKT) has reported a remarkable increase in both fourth quarter and full-year revenues for 2023, according to a press release shared with Blockchain.News. The digital asset platform acquired Bakkt Crypto (formerly Apex Crypto, LLC) in April 2023, and the inclusion of this new acquisition has significantly contributed … Continue reading Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery

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

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

Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach

The Tron Foundation, known for its significant presence in the blockchain and cryptocurrency space, is currently embroiled in a legal battle with the United States Securities and Exchange Commission (SEC). The bone of contention revolves around a lawsuit initiated by the SEC, which the Tron Foundation argues should be dismissed on the grounds of jurisdictional … Continue reading Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach

BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"

The Bank for International Settlements (BIS) has announced a collaborative initiative with several central banks from various countries, including France, Japan, South Korea, Mexico, Switzerland, the UK, and the US Federal Reserve Banks, to explore the potential benefits and implications of asset tokenization within the global monetary system. The initiative, dubbed “Project Agora,” aims to … Continue reading BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"

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