Yat Siu Says ‘Pro-Capitalist’ Asian Countries Are More Ready to Embrace Web3
During a fireside chat at the Outer Edge conference in Los Angeles Siu said that among major international game publishers and their 400 portfolio companies, those located in Japan, Korea, Hong Kong and across Southeast Asia are far more active in discussing, building and embracing technologies such as non-fungible tokens (NFT) and the metaverse than those located in the U.S.
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A Crypto Fix for a Broken International Monetary System
opinion The international monetary system is broken. Helping to fix it poses a huge opportunity for the cryptographers behind cryptocurrency and blockchain technology. Now they have one of the stewards of that system in their corner: Mark Carney, the outgoing Bank of England Governor. A week ago in Jackson Hole, Mont., Carney told the Federal…
Thai Bank Backs Series A Funding for Tokenized Securities Startup iSTOX
news Singapore Exchange-backed security token platform iSTOX raised an undisclosed amount of Series A funding from one of the largest Thai investment banks, Kiatnakin Phatra Financial Group (KKP). While declining to reveal financial terms of the deal, the firm said KKP is the only investor in the latest funding round. Proceeds from the raise will…
Blockchain Sleuthing Firm Chainalysis Slashes 20% of Workforce
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US State Moves to Exempt Some Blockchain Tokens from Securities Rules
news Lawmakers in the U.S. state of Rhode Island are seeking to exempt blockchain tokens from securities laws for some use cases. Five Democratic and Republican senators jointly filed house bill 5595 on Wednesday, proposing that the Rhode Island Uniform Securities Act should be amended to state that developers or sellers of “open blockchain tokens” are…
Ethereum Has Gatekeepers (for Good Reason)
When I first started seeing references to ERC-404 tokens on social media early this week, I thought it was a funny joke — a non-existent token referencing the error message you sometimes see while surfing the web, HTTP 404, meaning “page not found.” When I learned a little later that the project is real, I
FinCEN Director Reminds Casinos of Crypto Compliance Requirements
news The director of the Financial Crimes Enforcement Network (FinCEN) said the casino industry needs to up the ante on reporting suspicious activities related to digital currencies. Speaking at an Anti-Money Laundering Conference in Las Vegas on August 13, FinCEN director Kenneth Blanco said the agency has not received the amount of suspicious activity reports…
Binance Acquires Crypto Exchange JEX to Boost Derivatives Offerings
news Binance has announced the acquisition of crypto exchange JEX in a bid to boost its crypto derivatives offerings for pro traders. Seychelles-registered JEX offers spot and derivatives (including options and futures) trading in cryptocurrencies such as bitcoin and ether. Going forward under Binance management, the derivatives exchange will be known as Binance JEX. JEX offers its…
Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase
“Cryptocurrencies have exhibited some resilience, in part due to technical reasons,” but also because more people “now appreciate the fundamental value proposition of having an alternative to the points of failure inherent in the traditional financial system,” wrote David Duong, head of institutional research.