Executives from JPMorgan Chase and Apollo have announced plans for a tokenized ‘enterprise mainnet’ as part of the Monetary Authority of Singapore’s Project Guardian pilot project. This collaboration aims to test the use of digital assets for investment and management of portfolios, automated portfolio rebalancing, and customization at scale. The new system has already processed […]
The International Monetary Fund (IMF) is concerned about the growing popularity of cryptocurrencies and the limited adoption of central bank digital currencies (CBDCs). IMF Director Kristalina Georgieva has emphasized the need for guidance in implementing CBDCs to ensure safety, efficiency, and to counter fragmentation. Despite efforts to promote CBDC adoption, countries that have introduced CBDCs […]
Leading stablecoin issuer Circle Internet Financial has announced a strategic partnership with SBI Holdings, a major XRP holder, to enhance Web3 development and adoption in Japan. The partnership aims to prepare for the mainstream adoption of Web3 and blockchain technology in Japan. SBI Holdings will assist Circle in circulating the USDC stablecoin in the country […]
South Korea is preparing to launch a pilot program for deposit tokens based on a central bank digital currency (CBDC). This initiative, led by the Bank of Korea and financial authorities, will enable 100,000 individuals to make purchases using deposit tokens issued by commercial banks. The move comes as CBDCs gain increasing attention, with 11 […]
The Tron blockchain has surpassed Bitcoin in popularity among terror groups Hezbollah and Hamas, according to a recent analysis by Reuters. The number of Tron (TRX) wallets seized has seen a significant increase since 2021, while the number of Bitcoin (BTC) wallets seized has declined. Both Hezbollah and Hamas are designated as terror groups by […]
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been ordered by a US federal judge to remain in the United States until his sentencing in February. The judge ruled in favor of the prosecution, who argued that there was a risk Zhao would flee if allowed to return […]
Mercedes-Benz Formula One team and Major League Baseball are facing class-action lawsuits filed by FTX users, accusing them of aiding and abetting FTX’s alleged fraud and promoting unregistered securities. The lawsuits claim that the promotional deals between FTX and these organizations, which included displaying FTX’s logo on cars, uniforms, and umpire uniforms, created a sense […]
South Korea is preparing to launch a pilot program for deposit tokens based on a central bank digital currency (CBDC). This initiative, led by the Bank of Korea and financial authorities, will enable 100,000 individuals to make purchases using deposit tokens issued by commercial banks. The move comes as CBDCs gain increasing attention, with 11 […]
The United States Securities and Exchange Commission (SEC) is continuing its investigation into Binance.US, looking for evidence that the exchange had a backdoor to potentially control customer assets. This comes after the SEC filed a lawsuit against Binance and Binance.US in June, accusing them of selling unregistered securities and participating in fraudulent activities. One of […]
Standard Chartered Bank, an international bank with deep roots in the Chinese market, has announced its participation in China’s digital yuan project. The bank will offer services such as digital yuan exchange and redemption to its customers. It will also access the digital currency’s interconnection platform through City Bank Clearing Services Co., Ltd. Standard Chartered […]
