Browsing:Crypto

Enclave Markets
1 year ago 1 min read

Avalanche-backed initiative develops encrypted exchange platform

Enclave Markets, led by CEO David Wells, has developed an innovative solution for OTC traders in the form of Enclave Cross. This new product creates on-chain OTC dark pools for digital assets, providing a way for traders to maintain confidentiality and execute trades securely. In a recent interview, Wells shared his insights on why OTC traders benefit from using Enclave Cross and Fully Encrypted Exchange (‘FEX’), and how Enclave aims to bring together the best features of centralized and decentralized exchanges to provide a comprehensive solution for traders. Wells explained that OTC traders often face challenges in finding counterparties who

FSC Chairman Huang Tian-mu confirmed that the regulatory body will oversee the country's cryptocurrency market
1 year ago 1 min read

Taiwan’s Financial Watchdog Set to Regulate Crypto Markets

In a recent statement, Taiwan’s FSC Chairman Huang Tian-mu confirmed that the regulatory body will oversee the country’s cryptocurrency market. This comes as Taiwan strengthens its crypto regulations, with the FSC taking responsibility for regulating cryptocurrency payments and transactions. The FSC will focus on ensuring trading platforms separate crypto assets from those owned by their clients, while also supervising the platforms’ product listings and customer protection measures. Huang noted that the FSC will soon make a formal announcement and will also discuss self-regulating guidelines with domestic crypto platforms. Taiwanese lawmakers have been calling for a central agency to regulate the

CEO of the Bithumb exchange is under investigation by South Korean prosecutors
1 year ago 1 min read

Bithumb CEO investigated for alleged bribery in South Korean crypto listing

The chief executive officer of Bithumb’s holding company, Lee Sang-jun, is under investigation by South Korean prosecutors for alleged bribery in listing certain cryptocurrencies on the exchange. The Seoul Southern District Prosecutors’ Office confirmed the investigation, which includes a raid on Bithumb Holdings and Lee’s private residence earlier this month. Prosecutors also revealed that a former employee of Coinone, the country’s third-largest crypto exchange by trade volume, is being investigated for allegedly taking bribes to list specific cryptocurrencies. The investigation adds to the growing list of charges against Bithumb executives. A South Korean court is set to hold the first

FDIC offloads Signature Bank deposits to Flagstar
1 year ago 1 min read

Flagstar acquires Signature Bank deposits in FDIC sale, no crypto involved

Flagstar Bank, a subsidiary of New York Community Bancorp, has agreed to acquire $38.4 billion worth of non-crypto deposits and $12.9 billion in loans from the collapsed Signature Bank. However, the $4 billion of crypto-related deposits will not be included in the purchase and assumption agreement. The US Federal Deposit Insurance Corporation (FDIC) confirmed that these deposits would be transferred directly to customers who opened a digital banking account. This transfer will amount to 4.5% of the total $88.6 billion deposits that Signature Bank had as of December 31, 2022. The takeover deal will see Signature Bank’s 40 branches operating

21Shares will reportedly terminate five funds and delist another one due to low interest from investors.
1 year ago 1 min read

21Shares Suspends Crypto Products Citing Reduced Demand

Switzerland-based crypto ETP issuer 21Shares is set to delist five funds and terminate another one due to waning investor interest. The move will take place on April 6, and June 12 for the delisting of 21Shares Terra Classic ETP (LUNA). The terminated funds are the 21Shares S&P Risk Controlled Ethereum Index ETP, the 21Shares S&P Risk Controlled Bitcoin Index ETP, the 21Shares DeFi 10 Infrastructure ETP, the 21Shares USD Yield ETP, and the 21Shares Crypto Layer 1 ETP. 21Shares plans to keep offering its other products that enjoy solid demand. According to Arielle Pennington, Head of Global Communications, the demand

Bitcoin saw a significant surge in value on March 19
1 year ago 1 min read

Bitcoin Surges to $28k Amidst Banking Uncertainty

Bitcoin, the leading cryptocurrency, saw a significant surge in value on March 19, surpassing the $28,000 zone with a 16% boost in value in the past seven days. At the time of writing, Bitcoin was trading at $28,063, indicating a 2.4% increase in the past 24 hours. The price of Bitcoin hit its highest point at $28,459 during the day before trading at $26,877 during the day’s low. The cryptocurrency gained over 37% against the US dollar this week, with a market capitalization increase of $194 billion in 2023, representing a 66% gain year-to-date. Bitcoin has outperformed Wall Street banks

SVB UK reportedly issues 15M pounds in bonuses following "symbolic bailout"
1 year ago 1 min read

Silicon Valley Bank UK awards 15 Million pounds in bonuses after receiving “symbolic bailout”

HSBC-owned Silicon Valley Bank UK (SVB UK) has reportedly granted £15m to £20m ($18.26 million to $24.35 million) in bonuses to staff and executives, just days after being acquired by HSBC for £1 ($1.22). According to unnamed sources cited in a March 18 Sky News report, HSBC UK Bank authorized the payments, which were described as “modest.” The insiders added that if SVB UK had not been acquired “solvently,” the bonuses would not have been paid, but the payout is a signal of HSBC’s confidence in the talent at SVB UK and a move to retain key staff. SVB UK’s

Vietnam has emerged as the world leader in cryptocurrency adoption
1 year ago 1 min read

Vietnam’s Crypto Market Shows Explosive Growth with 16.6 Million Holders, Study Finds

Vietnam has emerged as the world leader in cryptocurrency adoption, with a staggering 16.6 million Vietnamese owning digital currencies, according to the “Vietnam Crypto Market Report 2022.” Bitcoin is the most popular digital asset in the country, with 31% of Vietnamese crypto holders investing in it. The report found that Thailand is the only country in the Association of Southeast Asian Nations (ASEAN) with more cryptocurrency investors than Vietnam. Apart from having a large number of crypto investors, Vietnam is also home to several blockchain projects focused on GameFi (Game Finance), NFTs, and Web3. Seven of the top 200 blockchain

Is BlackRock Embracing the Future of Investing with Stock Tokenization?
1 year ago 1 min read

BlackRock Considers Tokenization of Stocks

BlackRock, the world’s largest asset management company, is exploring the potential of digital assets, particularly the tokenization of asset classes, as noted by CEO Larry Fink in a recent letter to investors. Mr. Fink highlighted the advancements happening in emerging markets, particularly in digital payments, which are advancing financial inclusion and lowering costs. He also noted the potential of tokenization of assets, which could revolutionize the asset management industry, shorten value chains, and improve cost and access for investors. BlackRock is actively exploring the tokenization of stocks and bonds, particularly in areas most relevant to their clients, such as permissioned

Bitcoin has now been running non-stop
1 year ago 2 mins read

Zero Downtime, 10 Years Strong: Bitcoin’s Uninterrupted Performance

Bitcoin (BTC) has reached an incredible milestone that cements its place in financial history. The cryptocurrency has now been running non-stop for a decade without any downtime. This is a remarkable achievement, as it shows that the network is incredibly reliable and can operate continuously, 24 hours a day, seven days a week. The milestone was discovered through data retrieved from BitcoinUptime, shared by Reddit user Tasigur1 on March 17. According to the data, Bitcoin has run continuously for 3,650 days, making it a remarkable achievement for the cryptocurrency. Since its inception in 2009, the Bitcoin network has suffered two

AllianceBlock and ABO Digital Partners To Offer Alternative, Structured Financing for Crypto Projects
1 year ago 5 mins read

AllianceBlock and ABO Digital Partners To Offer Alternative, Structured Financing for Crypto Projects

Utrecht, Netherlands, 16th March, 2023 AllianceBlock, the company building seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, announced today it’s partnering with ABO Digital, the private digital asset investment arm of Alpha Blue Ocean, to offer tokenized structured products for institutions and crypto projects and institutions seeking alternative forms of financing.  Through its first-of-its-kind partnership with ABO Digital, AllianceBlock will leverage its decentralized and trustless blockchain infrastructure and the Nexera Protocol to tokenize traditional financial instruments and the option to wrap them into traditional Actively Managed Certificates (AMCs) for capital providers that do not want to hold

Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar, to Combat Centralized Stablecoins
1 year ago 3 mins read

Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar, to Combat Centralized Stablecoins

London, United Kingdom, 16th March, 2023 Sovryn, the leading Bitcoin-based decentralized finance (DeFi) platform, launches the Sovryn Dollar (DLLR). The Sovryn Dollar introduces a new standard of stablecoin, 100% backed by Bitcoin to provide unparalleled censorship-resistance, security, and reliability. In response to the regulatory and banking problems centralized stablecoins have recently experienced, the Sovryn Dollar offers a decentralized alternative, backed by and redeemable for, Bitcoin. The Sovryn Dollar goes live today and is available globally.   The Sovryn Dollar offers users the opportunity to hold a stable and reliable digital asset that is pegged to the US dollar without being exposed

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