Blockchain

German State-Owned Bank to Launch Blockchain-Based Digital Bonds
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German State-Owned Bank to Launch Blockchain-Based Digital Bonds

The German state-owned bank, Kreditanstalt für Wiederaufbau (KfW), has announced its plans to issue its first blockchain-based digital bonds by summer 2024. These bonds will be managed using blockchain technology to ensure secure and transparent transactions and are classified as crypto securities under the German Electronic Securities Act (eWpG). KfW has partnered with major financial...

Blockchain Association and Crypto Freedom Alliance File Lawsuit Against SEC Over Dealer Rule
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Blockchain Association and Crypto Freedom Alliance File Lawsuit Against SEC Over Dealer Rule

Today, the Blockchain Association and the Crypto Freedom Alliance of Texas launched a legal challenge against the SEC, contesting the agency’s expanded definition of “dealer” within the cryptocurrency sector. Filed in the Northern District of Texas, the lawsuit argues that this redefinition could significantly impair the U.S. crypto industry, asserting that the SEC overstepped its...

Blockchain Association Challenges Senator Warren’s AML Legislation
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Blockchain Association Challenges Senator Warren’s AML Legislation

The Blockchain Association, a prominent entity within the cryptocurrency industry, has vocally opposed Senator Elizabeth Warren’s proposed anti-money laundering (AML) bill, labeling it a potential threat to the United States’ strategic interests. In a compelling letter to Congress dated February 13, backed by 80 influential signatories including former government officials and experts in various fields,...

JPMorgan Survey Highlights Dwindling Confidence in Blockchain Among Institutional Traders
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JPMorgan Survey Highlights Dwindling Confidence in Blockchain Among Institutional Traders

A recent survey conducted by JPMorgan has unveiled a sharp decline in confidence in blockchain technology among institutional traders. From a promising technology heralded for its potential to revolutionize multiple sectors, blockchain now sees only 7% of surveyed traders optimistic about its prospects over the next three years—a significant fall from 25% in 2022. Growing...

SEC’s Social Media Account Hacked in SIM Swap Incident
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SEC’s Social Media Account Hacked in SIM Swap Incident

Unauthorized Post Triggers Bitcoin Frenzy, Raises Cybersecurity Concerns A recent cybersecurity incident involving the US Securities and Exchange Commission (SEC) has raised significant concerns. The SEC’s social media account on X was compromised due to a SIM swap hack, leading to the spread of false information regarding the approval of new bitcoin investment products. This...

Fox Corp. Debuts Verify Blockchain Platform for Content Tracking
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Fox Corp. Debuts Verify Blockchain Platform for Content Tracking

Fox Corp., a major U.S. media conglomerate, has introduced a new blockchain platform named Verify. This platform is designed to assist media companies in tracking the online usage of their content, marking a significant development in the intersection of media and technology. Integration and Tool Launch Beta Launch and Content Verification Fox Corp.’s Blockchain Endeavors...

Blockchain-Powered Private Loans See Over 55% Growth in 2023
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Blockchain-Powered Private Loans See Over 55% Growth in 2023

Surge in Blockchain-Based Private Credit In 2023, the blockchain-based private credit sector has seen a significant increase, with private loans powered by blockchain technology jumping by over 55% to approximately $581.6 million. This growth is particularly notable given the high-interest-rate environment that companies are currently navigating. Context of Blockchain Lending Growth Although below the peak...

DigiFT Becomes Singapore’s First Regulated Public Blockchain Exchange for Asset Tokenization
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DigiFT Becomes Singapore’s First Regulated Public Blockchain Exchange for Asset Tokenization

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...

Societe Generale Issues Tokenized Green Bonds on Ethereum Blockchain
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Societe Generale Issues Tokenized Green Bonds on Ethereum Blockchain

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...

Swiss Banks Issue First Digital Bonds Using CHF wCBDC on Regulated DLT Platform
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Swiss Banks Issue First Digital Bonds Using CHF wCBDC on Regulated DLT Platform

Switzerland’s SDX and SNB Collaborate on CHF Digital Bond Transactions Using wCBDC Swiss banks, including the Cantons of Basel-City and Zurich, have recently issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This event represents the first instance of such an issuance, utilizing the Swiss National Bank’s...