When I first heard about it decentralized finance (DeFi), I was very skeptical. But as the years have rolled on and I’ve learned more, I now believe that, done right, it has revolutionary potential with hugely beneficial implications for financial…
Singapore-based multinational bank OCBC has announced a solution for companies looking to diversify their assets using blockchain technology. Web 3-based solution implies tokenizing company assets and eventually sell them to accredited investors in the ecosystem, according to local reports. OCBC’s…
Global CBDC development is going strong – and proto-digital currencies are being used to “help” some of the most vulnerable people on the planet. While some populist politicians are shouting down CBDCs, there is a strong movement against their implementation.…
TLDR Sygnum Bank Raises $58M in Oversubscribed Strategic Growth Round, Reaches $1B+ Valuation, Achieves Unicorn Status Bitcoin-focused VC firm Fulgur Ventures led the funding as a cornerstone investor, with participation from new and existing investors The bank plans to expand…
Intesa Sanpaolo, Italy’s largest bank, has bought 11 Bitcoin for 1 million euros, marking the first direct Bitcoin investment by an Italian bank The purchase was revealed through a leaked internal email from Niccolò Bardoscia, head of Digital Assets Trading…
TLDR Deribit’s crypto options platform has received acquisition interest and appointed FT Partners as an advisor, although CEO Luuk Strijers clarifies that it is not actively for sale Potential valuation ranges from $4-5 billion or higher according to sources Crypto…
The Reserve Bank of India (RBI) has reportedly decided to conduct a trial by depositing compensation contributions to its officers’ digital currency wallets. According to a local media reportthe central bank has chosen to deposit part of the emission rights…
United States Congressman Bryan Steep (R-WI), a vocal advocate for the digital asset space and “innovation,” has been selected to chair the House Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence in the 119th Congress. According to…
The United Kingdom Treasury, the government department responsible for finance and economic policy, has amended Treasury laws to clarify that digital asset staking is not a collective investment scheme, allowing proof-of-stake (PoS) blockchains to avoid—for now— the more onerous regulatory…
Drugs, ransomware, sanctions evasion and espionage – these are just some of the crimes uncovered by a global investigation into financial crimes and money laundering networks. Operation Destabilize, led by Britain’s National Crime Agency (NCA), targeted large-scale money laundering networks…
