Sygnum, the world’s first digital asset bank, has obtained regulatory approval from the Monetary Authority of Singapore (MAS) to launch its regulated Digital Payment Token (DPT) brokerage service in Singapore. With headquarters in Zurich and Singapore, Sygnum manages approximately USD4 billion in total assets and serves over 1,700 clients in more than 60 countries. The […]
An overwhelming majority of respondents in a recent survey conducted by digital asset bank Sygnum believe that crypto assets and blockchain technology are crucial for the future of global finance. The survey revealed that 81% of participants view crypto assets as essential in shaping the future of finance. This marks a significant shift in perception […]
In the world of cryptocurrency, 2023 has been marked by the emergence of several controversial figures. Karl Sebastian Greenwood, Ian Freeman, and Amir Bruno Elmaani, also known as “Bruno Block,” have made headlines as the top three most controversial crypto figures of the year.The cryptocurrency industry has also been actively involved in influencing the upcoming […]
Russia has officially integrated its central bank digital currency (CBDC), the digital ruble, into the nation’s tax code. This move signifies a significant step in Russia’s adoption of digital currencies, as President Vladimir Putin signed it into law.The International Monetary Fund (IMF) has raised concerns about high inflation rates worldwide, urging central banks to maintain […]
The Canton of Basel-Stadt is embracing the benefits of digitalization in its financial procurement processes. With the support of Basler Kantonalbank, it has launched a digital bond worth 105 million Swiss francs. This bond is being issued on the SDX platform, which is based on blockchain technology, and can be purchased using digital Swiss francs […]
The cities of Basel and Zurich in Switzerland have made history by settling tokenized bonds using a wholesale central bank digital currency (CBDC) issued by the Swiss National Bank (SNB). This milestone was achieved as part of Project Helvetia Phase III, an initiative exploring the real-world use cases of a wholesale CBDC for commercial banks. […]
Will Clemente, co-founder of Reflexivity Research, suggests that Coinbase shares could serve as an “index play” for traditional finance firms looking to gain exposure to the cryptocurrency sector. Clemente believes that Coinbase’s diverse range of verticals makes it an attractive option for investors who may be unsure about which specific assets to choose. Matt Hougan, […]
SIM-swap attacks have been on the rise in the week leading up to Christmas, targeting prominent figures in the crypto industry. Founders of Manifold Trading, Rug Radio, and other crypto influencers have fallen victim to these attacks, with some losing control of their accounts on X (formerly Twitter).On December 22, the official X account of […]
The number of registered crypto companies in Spain saw a significant increase in 2023, growing by approximately 56%. According to the official registry published by Spain’s central bank, 30 companies were granted a virtual asset service provider license last year.While the number of companies added to the registry in 2022 still surpasses the 2023 figure, […]
The People’s Bank of China (PBoC) has released its latest financial stability report, addressing the regulation of cryptocurrencies and decentralized finance (DeFi). In the report, the PBoC emphasizes the need for global cooperation in establishing rules for the crypto industry.The report highlights that the cryptocurrency market represents only 1% of the global financial system and […]
