In a significant development for the cryptocurrency industry, 24 leading crypto exchanges, including well-known entities like OKX, Bybit, and Crypto.com, have applied for operational licenses in Hong Kong. This move aligns with the city’s ambition to establish itself as a global cryptocurrency hub, offering retail trading services under a regulated framework. The rush to meet...
In a striking revelation, blockchain analytics firm Chainalysis and the US-based International Justice Mission have uncovered over $100 million in cryptocurrency payments tied to a vast scamming operation based in Myanmar. The investigation focused on a single company within the KK Park compound in eastern Myanmar, implicated in the notorious “pig butchering” scams, where perpetrators...
KuCoin Exits New York Market Following Legal Settlement KuCoin, a major player in the global cryptocurrency exchange market, has agreed to a settlement that includes exiting the New York market and paying $22 million. This move comes as a response to a lawsuit filed by New York’s Attorney General Letitia James. Lawsuit Allegations and Settlement...
In an innovative move, the blockchain industry has introduced a new uranium-linked token, Uranium3o8 (U), which began trading on Uniswap. This token aims to revolutionize the way uranium, a crucial metal for nuclear energy production, is traded. Bridging Uranium and Blockchain Madison Metals Inc., a Canadian public uranium exploration and development firm, backs the U...
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...
This surge comes as competition in the real-world asset race within the crypto industry continues to escalate. The US Treasury market has seen a significant surge in tokenization, growing almost sevenfold in 2023 to reach $698 million. This growth is driven by increased competition among investment options and blockchain platforms. Both new entrants and existing...
In a startling turn of events, startup funding in North America is stumbling, gasping for breath after an exuberant run. How far down? For the second quarter of 2023, investors put $31.8 billion into seed- through growth-stage rounds for U.S. and Canadian startups, according to preliminary Crunchbase data. That’s the lowest quarterly total in more...
As we continue to witness the sweeping transformation of financial landscapes globally, blockchain technologies are offering more than just digital currencies. A new trend that has started to gain traction is the tokenization of real-world assets. The introduction of blockchain technology in asset management has seen the dawn of an innovative platform, IBAX, that allows...
Next to a growing crop of spot-ETF applications (which may, or may not, be inadequate), the tokenization of real-world-assets (RWA) and financial instruments is perhaps the hottest topic as of late involving digital assets. The following are a few examples of this highlighting company acquisitions, pilot programs, and more. Mastercard – Tokenized Bank Deposits Mastercard...
