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...
Two cryptocurrency platforms associated with digital entrepreneur Justin Sun have reportedly fallen victim to a major hacking incident, resulting in the theft of an estimated $115 million. The affected entities include the HTX digital currency exchange, formerly known as Huobi, and the blockchain bridge Heco Chain. Details of the Security Breach HTX has confirmed that...
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...
Federal authorities have seized $9 million in cryptocurrency from a Silicon Valley-based cyber scam organization. This group reportedly defrauded over 70 individuals using romance and cryptocurrency confidence schemes, according to the U.S. Attorney’s Office for the Northern District of California. Tracing and Seizing Illegal Crypto Funds The Department of Justice and the U.S. Secret Service’s...
Simple Crypto, a leading cryptocurrency retailer based in Auckland, New Zealand, is introducing its first stablecoin, NZDD, backed one-to-one by the New Zealand dollar. This move marks a significant development in bridging traditional finance with the digital age. NZDD: A Stablecoin for Seamless Transactions The NZDD coin is designed to provide a stable and efficient...
The crypto world has been shaken by the recent verdict against Sam Bankman-Fried, founder of the now-bankrupt FTX cryptocurrency exchange. Found guilty on all charges, including fraud and money laundering, his case has prompted a reevaluation within the crypto community. Marketplace’s Matt Levin talked to Laura Shin, a crypto journalist and podcast host, about the...
Long-term investors are hoarding bitcoin at historic levels in hopes of a new high, but JPMorgan analysts believe that factors driving crypto bullishness, such as impending approval of spot ETFs and the upcoming halving, may have little impact on the token. They believe that spot ETFs would attract investment from existing bitcoin products rather than...
The Open Network Foundation (TON Foundation) has partnered with Blockchain.com to make cryptocurrency more accessible to Telegram’s over 800 million monthly active users. TON Space, the TON-based self-custody cryptocurrency wallet, will be available in the Telegram menu for all users outside the United States starting in November 2023. Users will be able to buy, sell,...
Recent data shows a shift in investor preference towards Solana despite Ethereum’s dominance in total value locked. Solana has attracted positive inflows while Ethereum reported negative flows. Solana’s developer activity is noteworthy, but Ethereum maintains a robust developer community with significant activity. There are differences in energy efficiency and carbon emissions between the two platforms,...
