Thailand’s Central Bank Is Developing a Digital Currency Based on R3 Tech
The Bank of Thailand is developing its own digital currency, aiming to complete a first proof-of-concept by March 2019.
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Canada’s Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K
news Canada has updated its anti-money laundering rules, making changes that will affect cryptocurrency exchange operations in the country. The Canadian government published the amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in the Canada Gazette on Wednesday. While the changes to the financial rules – finalized late last month – cover a number of…
Internet Computer’s Dfinity Is Building Carbon Credit-Inspired Tech for Waste Management
Internet Computer blockchain (ICP) contributor the Dfinity Foundation, is developing a technology for a global standard to incentivize recycling activities.The Swiss-based not-for-profit foundation is working with management consultancy Roland Berger, who introduced the Voluntary Recycling Credits (VRC) standard in June, inspired by the carbon credit market.The VRC initiative aims to address global issues with the
Bitcoin Price Suffers Worst Monthly Losing Streak in 7 Years
markets Bitcoin (BTC) chalked up its longest monthly losing streak in seven years in December. The leading cryptocurrency by market value closed at $3,689 on Dec. 31, representing a 13 percent drop from the monthly opening price of $4,241. That was the fifth straight monthly loss – its worst period since November 2011 – according…
CME Looks to Take on Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report
10x Research founder Markus Thielen said crypto exchanges may lose business if CME starts offering spot bitcoin trading.CME is one of the top bitcoin futures exchanges by open interest.Futures powerhouse Chicago Mercantile Exchange (CME) plans to offer spot bitcoin trading to clients as demand for the product mounts among market participants, the Financial Times reported
The Year of Institutional Investment in Real World Assets
The tokenization of real world assets (RWAs) has been a use case for blockchain technology for years, and yet we haven't seen substantial institutional interest in RWAs until now.The value of tokenized assets across all public blockchains has already reached $118.57 billion and could reach $10 trillion by 2030. In other words, the potential upside
tZERO Announces Plans to Tokenize Atari Founder’s Biopic
news tZERO, a blockchain-based subsidiary of Overstock, announced a partnership with film production and financing company Vision Tree to tokenize a movie. “Atari: Fistful of Quarters” will allegedly be the first motion picture to undergo the process of crypto-securitization in an effort to raise as much as $40 million for a biopic of Atari founder…
Bitcoin Miner Bitfarms to Raise $31M in Sale of Shares to Institutional Investors
The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital.Bitcoin mining center (CoinDesk archives)Feb 8, 2021 at 11:47 a.m. UTCBitcoin Miner Bitfarms to Raise $31M in Sale of Shares to Institutional InvestorsCanadian bitcoin mining firm Bitfarms (BITF) has entered into a multi-million dollar agreement for a private placement of…
Traditional Financial Exchanges Oppose UK Crypto Derivatives Ban for Retail Investors
news The World Federation of Exchanges (WFE) has asked UK regulator Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors. A proposed ban would envelop regulated exchanges and CCPs who operate under stringent regulations to provide pre- and post-trade risk management standards that are designed tot foster safe and…