Deutsche Bank, a major financial institution, has partnered with Taurus, a leading technology provider specializing in tokenization and crypto custody. This collaboration will enable Deutsche Bank to offer bespoke escrow and tokenization services. Taurus’ technology is capable of securely storing and managing a variety of cryptocurrencies, as well as facilitating the digitization and tokenization of […]
A federal judge today denied the US Securities and Exchange Commission’s (SEC) request to access the crypto firm Binance.US’s technology infrastructure. Binance.US lawyers argued that the SEC’s request for documents was “overbroad.” Federal Magistrate Judge Zia Faruqui proposed the SEC formulate a more targeted request and interview more witnesses.The SEC had filed for expedited discovery […]
Canto and Astar, two layer-1 blockchains, have announced plans to migrate to Ethereum as layer-2 zero-knowledge rollups. Canto is a permissionless general-purpose blockchain that is EVM-compatible and aims to onboard the traditional financial sector to decentralized finance applications. Canto will inherit Ethereum’s security, enabling more decentralization and trustless guarantees when bridging assets over. Meanwhile, some […]
The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US’s software in a Sept. 18 hearing, with the judge saying he isn’t “inclined to allow the inspection at this time.” The SEC has been attempting to gain access to the software and detailed information from Binance.US since it sued […]
Binance, the world’s largest cryptocurrency exchange, has been facing a difficult year in the US. The SEC filed a lawsuit against it in June, while the US Commodity Futures Trading Commission charged Binance and CEO Changpeng Zhao with ”willful evasion of federal law” in March. In response to the regulatory storm, Binance.US has appointed a […]
Citigroup, a financial services and banking giant, has reportedly launched a private blockchain for its clients. The product, called Citi Token Services, is designed to tokenize client deposits and improve cash management and trade-finance capabilities. According to Citigroup’s global head of services, Shahmir Khaliq, the development of Citi Token Services is part of the company’s […]
The North Korean Lazarus Group was responsible for the extensive $27 million hack of the CoinEx cryptocurrency exchange. Despite this, Monero ($XMR) has maintained its bullish momentum despite a bearish trend in the general market. Investors are rushing to buy Borroe.Finance ($ROE), as it is the best-performing coin currently. SlowMist reported that the North Korean […]
Citigroup has launched Citi Token Services, a private, permissioned blockchain to provide institutional clients with cross-border payments, liquidity, and automated trade finance solutions. The service has completed two pilots, one with Danish shipping company Maersk and an unnamed canal authority, which enabled instant payments to service providers via smart contracts, reducing transaction processing time from […]
Citigroup has launched the pilot of its Citi Token Services, a new platform that uses blockchain and smart contract technologies to provide digital asset solutions for institutional clients. The services are designed to meet the need for ‘always-on’ programmable financial services and will provide cross-border payments, liquidity, and automated trade finance solutions. Citi has been […]
Swift, a global financial messaging network, has announced that three central banks have initiated beta testing for their Central Bank Digital Currency (CBDC) interlinking solution. This development signifies a significant stride towards achieving greater interoperability between traditional fiat currencies and their digital counterparts. Over 30 financial institutions have joined the experimentation fray, further testing the […]
