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U.S. State Street Bank Joins Digital Asset Space with New Cryptocurrency Division

The U.S. State Street bank has disclosed that it is entering into the digital finance space by launching a new division focused on cryptocurrency, blockchain technology, central bank digital currency, and tokenization. The new unit called ‘State Street Digital’ will be led by Nadine Chakar, head of global markets at State Street, who reports to chief operating … Continue reading U.S. State Street Bank Joins Digital Asset Space with New Cryptocurrency Division

Polygon Launches New Division Polygon Studios, Focusing on Blockchain Games and NFT Fields

Ethereum layer 2 scaling solution Polygon today announced launching a new division of Polygon Studios on Tuesday, July 20, which will focus on blockchain games and non-fungible tokens (NFT). The new studio, Polygon Studios, is divided into two projects: Polygon Gaming Studio and a marketing integrated platform; the former project focuses on providing developers and game creators … Continue reading Polygon Launches New Division Polygon Studios, Focusing on Blockchain Games and NFT Fields

South Korea Strengthens the Supervision of Crypto Exchanges,Nearly Two-thirds of Exchanges Forced to Close with $2.6B in Losses

The South Korean Financial Services Commission (FSC) has begun to tighten the supervision of local and overseas cryptocurrency trading platforms in South Korea, resetting a new deadline on September 24, according to Financial Times. It is reported that this regulation will terminate nearly two-thirds of unapproved South Korea’s cryptocurrency exchanges for legal transactions. Approximately 40 of South … Continue reading South Korea Strengthens the Supervision of Crypto Exchanges,Nearly Two-thirds of Exchanges Forced to Close with $2.6B in Losses

Twitter Is Developing a Crypto Division to Examine Decentralized Apps

Twitter Inc is developing a crypto team described as a division for “all things blockchain at Twitter” called Twitter Crypto.   In a press release on Wednesday, November 10, the social media giant announced that the team will set the strategy for the future of cryptocurrency at and on Twitter. As a result, Twitter has … Continue reading Twitter Is Developing a Crypto Division to Examine Decentralized Apps

China's CCP Official Expelled for Violation Crypto Mining Ban Provisions

A former member of the CPPCC (Chinese People’s Political Consultative Conference) got fired by touching Beijing’s nerve. Xiao Yi, a former advisory member of CCP has been expelled from the party in what appears to be the first full-blown sanction of an official that violated Beijing’s stance against cryptocurrency mining. Per the translated version of the Central … Continue reading China's CCP Official Expelled for Violation Crypto Mining Ban Provisions

Estonia to Strengthen Supervision of Virtual Asset Service Providers

Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers, but it has not made the possession of encrypted currency illegal. The Estonian government today approved the proposed rules of the December 23, 2021, draft. It must now pass the parliament before it can be … Continue reading Estonia to Strengthen Supervision of Virtual Asset Service Providers

Microsoft Acquires Activision Blizzard for $68.7B, Enters Metaverse

On Tuesday, January 18, Microsoft announced that it has acquired Activision Blizzard, a game development leader and interactive entertainment content publisher, for $68.7 billion. The acquisition means Microsoft enjoy access to the Metaverse, accelerating Microsoft’s gaming business in mobile, PC, consoles and the cloud.  The acquisition will be in the form of a stock purchase, with … Continue reading Microsoft Acquires Activision Blizzard for $68.7B, Enters Metaverse

SoftBank's Tech Division Z Holdings Eyes NFT Marketplace

Z Holdings, the internet arm of Japanese multinational conglomerate SoftBank Group, is reportedly planning to launch a Non-Fungible Token (NFT) marketplace before the end of the year. As reported by Bloomberg, the marketplace is designed to help the company meet its mid-term revenue targets by tapping into the growing hype around digital collectables.  With the … Continue reading SoftBank's Tech Division Z Holdings Eyes NFT Marketplace

FTX Continues Global Expansion, Launches Subsidiary Division in Australia

FTX, a major crypto derivatives exchange based in the Bahamas, has continued its recent global expansion efforts by setting up a new subsidiary business in Australia. FTX Australia announced Monday that it will provide a comprehensive suite of exchange and over-the-counter (OTC) products and services, including derivatives in the country. Australia is considered a key … Continue reading FTX Continues Global Expansion, Launches Subsidiary Division in Australia

Investment Bank Cowen Joins Cryptocurrency Craze with Digital Asset Division Launch

US investment bank Cowen announced on Wednesday that it has launched a digital assets division, called Cowen Digital, that will provide full-service trade execution and custody solutions to institutional clients. The digital asset division will offer cryptocurrency trading and custody solutions for institutional investors via Cowen’s partnership with PolySign’s Standard Custody and Trust Company. Cowen … Continue reading Investment Bank Cowen Joins Cryptocurrency Craze with Digital Asset Division Launch

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