VC Roundup: Capital flows into emerging AI-blockchain sector

Following a big-time update to its white paper in mid-April, the Libra Association has over the past couple of weeks made a string of striking new additions to its core governance team, including appointing Robert Werner as its general counsel and Stuart Levey as its CEO. Before joining the Libra Association, Werner served as the…

UBS has joined the phalanx of banks expressing concern over their customers investing in digital assets. 596 Total views 3 Total shares Swiss multinational investment banking giant, UBS, has warned its clients that crypto assets cbe unsuitable for professional investors if regulatory pressure continues.In a note sent to clients last week, the global wealth management…

Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC. 205 Total views 12 Total shares The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Memecoin culture clashFeed the gorillas token, or FEG, was a source of drama after memes were posted of Chinese president Xi Jinping. The…

Bitcoin (BTC) futures volumes on digital asset platform Bakkt have hit a new all-time high, with 452 BTC futures contracts traded at press time.Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling…

The Supreme Court of Nova Scotia has ordered Canadian law firms Miller Thomson and Cox & Palmer to represent customers of cryptocurrency exchange QuadrigaCX in upcoming proceedings. The ruling was announced in a court filing published on Feb. 19.On Tuesday, Justice Michael Wood rendered a decision that Miller Thomson and Cox & Palmer will act…

South Korea will get a separate security tokens market operated by Korea Exchange. 435 Total views 11 Total shares Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization. Chief South Korean financial regulator, the Financial…

The World Economic Forum looks at blockchain as a solution against foul play in government processes. 807 Total views 47 Total shares The World Economic Forum (WEF) hopes to make corrupt activity in the public sector more difficult using blockchain technology.  “Corruption is a ‘high-potential’ space for blockchain because you really benefit from decentralization; records are…

A filing submitted in the lower house of India’s parliament — the Lok Sabha — has revealed an investigation into fraudulent practices by so-called “bit coin companies” operating in the country. An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and Corporate Affairs Anurag Thakur on…