Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi has inaugurated the RAK Digital Assets Oasis (RAK DAO), an economic free zone aimed at supporting companies involved in digital assets, blockchain, Web3, and artificial intelligence (AI). The free zone will cater to service providers in emerging technologies such as the metaverse, blockchain, utility tokens, […]
Zuger Kantonalbank, Switzerland’s oldest cantonal bank, has made a significant move by introducing trading and custody services for six major cryptocurrencies, with a focus on XRP. This development comes as a result of a collaboration with Sygnum Bank, a leading player in the digital asset sector. Zuger Kantonalbank is the first cantonal bank in Switzerland […]
Billionaire entrepreneurs Elon Musk and Mark Cuban have joined forces to submit a shared amicus brief to the Supreme Court, expressing concerns about the Securities and Exchange Commission’s (SEC) approach to internal proceedings without jury involvement. They argue that these administrative proceedings lead to unequal outcomes for individuals facing SEC charges, potentially infringing on their […]
Tesla has confirmed its commitment to its Bitcoin holdings in its Q3 2023 financial report, despite facing financial challenges. The company maintained its position, holding approximately 9,720 BTC worth over $275 million. This marks the fifth consecutive quarter that Tesla has refrained from selling its cryptocurrency assets. Tesla’s initial investment in Bitcoin in 2021 sparked […]
The United States-based cryptocurrency exchange Coinbase has chosen Ireland as its main European hub for compliance with Europe’s cryptocurrency regulatory framework, known as Markets in Crypto-Assets Regulation (MiCA). This move allows Coinbase to serve the 450 million people across 27 countries in Europe under one regulatory framework and with one national supervisor. Currently, Coinbase holds […]
In a shocking revelation, it has been uncovered that the defunct cryptocurrency exchange FTX allegedly used customer funds to repurchase its stake held by Binance. This has raised concerns about the handling of customer deposits within the crypto industry. During a court hearing, it was disclosed that FTX employed customer deposits for various purposes, including […]
The Office of the Comptroller of the Currency (OCC), a bureau of the Treasury Department, is organizing a symposium on tokenization in February 2024. This event aims to spark a public discussion on the potential of tokenizing real-world financial assets and liabilities. The Acting Comptroller, Michael J. Hsu, emphasizes the distinction between crypto and tokenization, […]
India’s state-run refiner Hindustan Petroleum (HPCL) has partnered with blockchain software firm Zupple Labs to launch a blockchain system for automated verification of purchase orders (POs). The system, called LegitDoc, integrates Zupple Labs’ blockchain-based digital credentialing technology into HPCL’s purchase order system. This allows HPCL to issue digital POs to vendors without manual verification, while […]
Popular crypto-related YouTube channels can provide valuable insights into retail investor sentiment and upcoming market trends, according to Delphi, a research firm. By tracking changes in viewership and subscriber numbers of these channels, investors can potentially gauge market sentiment and anticipate future trends. This approach suggests that YouTube channels can be used as a tool […]
Rumors are circulating that France’s Central Bank, Banque de France, is considering adopting XRP for its digital euro. While there has been no official announcement from the bank, it is not new to the blockchain and crypto space. The bank previously ran a pilot test of a Central Bank Digital Currency (CBDC) on a blockchain […]
