Landmark Licensing in Singapore’s Blockchain Sphere DigiFT, an Ethereum-based digital assets exchange, has achieved a significant regulatory milestone. The Monetary Authority of Singapore has granted DigiFT a Capital Market Services (CMS) license and recognized it as a Recognized Market Operator (RMO). This development, as reported on Nov. 5, positions DigiFT at the forefront of regulated...
Tokenization Trend Gains Momentum in Traditional Finance Societe Generale (SocGen), the French banking heavyweight, has successfully issued its first tokenized green bonds on the Ethereum network, a move highlighting the increasing adoption of blockchain technology in traditional financial sectors. SocGen’s Pioneering Step with Digital Bonds SocGen has generated €10 million ($10.8 million) in digital green...
A recent study from the University of Cambridge has revealed that the Ethereum blockchain’s greenhouse gas emissions, prior to its major software upgrade in 2022, were comparable to the yearly emissions of Honduras. High Energy Consumption of Blockchains Blockchains, the foundational technology behind cryptocurrencies, are known for their significant energy consumption due to coin production...
Binance, the world’s largest cryptocurrency exchange, has agreed to a plea deal involving over $4 billion with the U.S. government. This settlement concludes a protracted criminal investigation, with CEO Changpeng Zhao pleading guilty to several charges. Details of the Plea Agreement In the settlement reached with federal prosecutors, Changpeng Zhao will plead guilty to violating...
The crypto market is abuzz with discussions about the upcoming 2024 Bitcoin halving event and its potential impact on the industry. This event, anticipated in April 2024, is expected to reduce the rewards for Bitcoin mining, a mechanism designed to control cryptocurrency supply and limit inflation. Historically, such halving events have been catalysts for increases...
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StaFi Protocol has implemented Distributed Validator Technology (DVT) from the Shared Security Validator (SSV) network into the Ethereum mainnet, enhancing node accessibility for validators staking $rETH. DVT allows validators to operate across multiple nodes and employs various security measures to prevent key theft and slashing. The integration also introduces Decentralised VPN (DVPN) to the system...
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, announced new regulations for the tokenization sector during the Hong Kong Fintech Week. He dismissed concerns about the JPEX scandal affecting the growth of the web3 market. The upcoming regulations will focus on token issuance, wallets, and other virtual asset regulations beyond exchanges. The...
