DTCC, Chainlink complete fund data tokenization pilot with U.S. banks
The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved.
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South Korea: Financial Watchdog Warns Two Banks Over Poor Crypto Transaction Management
A South Korean financial authority has warned two major domestic banks about their lack of management of cryptocurrency transactions and anti-money laundering (AML) regulation, local online media outlet The Daily reports Dec. 4.The Financial Supervisory Service (FSS) has reviewed Kookmin Bank and Nonghyup Bank and found “unreasonable elements related to virtual [currency] handling business.” However,…
Ant Group launches a new blockchain brand for Web3 developers
The new entity, ZAN, will help the mother company shake off its affiliations with Web3 and proceed to the IPO. 291 Total views 4 Total shares Ant Group, the owner of the world's largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services
Unicorns in crypto: A growing herd of billion-dollar crypto companies
The second half of 2021 just started and there is already a rise in the number of unicorns emerging in the crypto world as years of resistance towards crypto from mainstream investors start to fade.Since the year began, more than 50 cryptocurrency and blockchain-related projects have risen to the much-coveted unicorn status, with market analysts…
Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers
Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits.
Banks will be required to work with crypto, e-money and CBDCs to survive
Image a scenario where you need different messengers to send different types of messages — for example, WhatsApp for text messages, Viber for audio, Telegram for video, etc. Rather inconvenient, right? But this is exactly what happens in finance: There is no way to send both digital fiat money and cryptocurrency from a bank account…
Doge meme hits $220M valuation, as Sotheby’s Bored Apes auction is tipped to fetch $18M
After a successful fractionalization into $DOG Tokens, the total implied value of the Original Doge meme NFT has gone through the roof. 1683 Total views 13 Total shares The original Doge meme NFT has soared to a valuation of around $220 million following its successful fractionalized token sale this week. Ludicrously high prices for in…
Alameda Research ‘happy to return’ $200M loan to Voyager Digital
The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September. 458 Total views 44 Total shares Quantitative trading company Alameda Research will return an estimate of $200 million to Voyager Digital, which is proceeding through bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021.…
As Regulators Stonewall Libra, Facebook Rolls Out New Payment System
As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay.Empower people everywhere to buy and sell things onlineOn Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate payments across Facebook,…