Former FTX general counsel, Can Sun, along with other ex-FTX executives, is launching a new cryptocurrency exchange called Trek Labs. The Dubai-based start-up has obtained a license from the Emirate’s crypto regulator and aims to address the challenges that led to the downfall of their previous employer. Trek Labs is seeking investors and plans to […]
Deutsche Bank and Standard Chartered recently collaborated on a significant exchange of dollars for euros using stablecoins and blockchain technology. This departure from the trend of decentralization highlights a more centralized approach. While decentralized exchanges like Uniswap have made currency swaps user-friendly and accessible, banks engaging in swaps operate within their own infrastructure, even when […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
Hong Kong-based venture capital firm CMCC Global has raised $100 million for its Titan Fund, aimed at supporting Asian blockchain startups. This comes at a time when global venture capital investments in crypto firms have seen a significant decline. The fund has attracted participation from notable investors such as Block.one, Pacific Century Group, Winklevoss Capital, […]
JPMorgan has recently introduced programmable payments on its digital currency, JPM Coin. This new feature allows clients to set specific rules for triggering payments automatically based on their own customized criteria. With this development, JPMorgan aims to provide greater flexibility and efficiency in the payment process for its clients. By leveraging programmable payments, clients can […]
JPMorgan Chase’s digital token, JPM Coin, has introduced new programmable capabilities that allow corporate clients to set conditional triggers for payments. This feature has already been adopted by companies such as Siemens and FedEx. With programmable payments, businesses can configure their accounts to automatically transfer funds when certain preset conditions are met, eliminating the need […]
JPMorgan, the multinational banking firm, has introduced a programmable payment feature for institutional users of its private blockchain platform, JPM Coin. This new functionality allows real-time, programmable treasury operations and supports new digital business models. The capability has been described as the “holy grail” for JPMorgan’s blockchain platform. It is the first-of-its-kind offering by a […]
Fifteen years ago, an anonymous individual named Satoshi Nakamoto introduced the world to the Bitcoin Protocol through a whitepaper. This document laid the foundation for the cryptocurrency industry we see today, which now boasts a market value of over a trillion US dollars. Nakamoto’s identity remains a mystery, but their contribution to the financial world […]
SC Ventures, the fintech investment arm of Standard Chartered, is partnering with Japanese financial conglomerate SBI Holdings to establish a “Digital Asset Joint Venture” investment company in the UAE. The joint venture aims to make strategic and minority investments in various areas, including market infrastructure, risk management, compliance tools, DeFi, tokenization, consumer payments, and the […]
