7 / 9 Relevant items tagged with #DigitalAsset

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BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

[Jun 20, 2023 12:00 PM] Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.

Crypto investment products experience outflows for 9th consecutive week

[Jun 19, 2023 12:30 PM] Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.

​SEC and Binance.​​US strike a temporary agreement on asset access

[Jun 17, 2023 1:55 AM] Proposed measures include restricting Binance officials’ access to private keys and disclosing business expenses.

Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

[Jun 14, 2023 6:45 AM] Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group.

​​Crypto fund outflows reach $417M over 8 weeks as investor caution persists

[Jun 12, 2023 12:30 PM] According to CoinShares, digital asset investment product outflows amounted to $88 million last week.

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition 

[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…

XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome

[Jun 5, 2023 12:00 PM] Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and year-to-date, this digital…

Bitcoin Interest Hits Rock Bottom: Google Trends Data Shows Lowest Score in 7 Months

[Jun 5, 2023 8:30 AM] According to Google Trends, worldwide interest surrounding the term “bitcoin” has plummeted to its lowest point since October 2022, registering a mere 17 out of 100. The active interest for the term has taken a nosedive since June…

Taurus deploys on Polygon blockchain for asset tokenization and custody

[Jun 2, 2023 11:16 AM] Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically.

Nigerian crypto company suspends withdrawals after BTC and naira compromise

[May 27, 2023 6:42 AM] Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media.

WEF publishes crypto asset regulation recommendations for government, industry

[May 25, 2023 3:30 PM] The World Economic Forum analyzed regulatory approaches to urge cooperation between international organizations, regulators and the crypto industry.

Norway could go its own way on crypto asset regulation, central bank suggests

[May 25, 2023 2:00 PM] International regulation may be too slow and may represent interests that are not in line with Norway’s, Norges Bank suggests in an annual report.

ZA Bank plans digital asset retail trading in Hong Kong under new guidelines

[May 24, 2023 2:30 PM] The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines.

Prometheum subsidiary receives FINRA approval for digital asset qualified custody

[May 23, 2023 11:15 AM] The approval marks the first time a digital asset custody provider has come under federal regulation as the SEC tightens custody rules.

Australian stock exchange officially abandons blockchain plans: Report

[May 19, 2023 1:38 AM] ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors.

Singaporean family office to set up digital bank in Bahrain

[May 18, 2023 3:05 PM] Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance.

China state-owned Greenland to apply for Hong Kong virtual asset trading license

[May 17, 2023 10:37 AM] The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.

Crypto community reacts to Ledger wallet’s secret recovery phrase service

[May 16, 2023 12:15 PM] Many members of the crypto community believe Ledger’s latest seed phrase recovery feature is a bad idea.

BNY Mellon Embraces Long-Term Digital Asset Initiatives Across All Lines of Business

[May 16, 2023 7:30 AM] In a dynamic move towards digital transformation, BNY Mellon, one of the oldest banks in the United States, is pushing forward with its initiatives focused on distributed ledger technology, tokenization, and digital cash. Roman Regelman, the CEO of…

Digital asset market shrinks as fund outflows reach $200M: CoinShares

[May 15, 2023 2:45 PM] According to CoinShares, digital asset investment products saw outflows totaling $54 million last week.

US House financial committee tells SEC they don’t like custody proposal

[May 11, 2023 4:30 PM] The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry.

Binance looks to the UK for regulation amid US crypto crackdown

[May 11, 2023 4:21 AM] Binance seeks regulation in the U.K. amid a U.S. crackdown on cryptocurrencies as its chief strategy officer acknowledges the challenging business environment in the United States.

Coinbase legal chief sends letter to SEC on RIA rulemaking

[May 9, 2023 3:43 AM] Coinbase’s chief legal officer requests revisions to the SEC’s RIA custody rule to safeguard all asset classes, including cryptocurrencies, criticizing the rule for unfairly targeting crypto.

Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and Others

[May 9, 2023 2:00 AM] Financial technology company Digital Asset has announced it will be launching a privacy-enabled interoperable blockchain network designed for institutional assets to provide a decentralized infrastructure, it announced Tuesday.

New White House standards strategy could have implications for crypto industry KYC

[May 4, 2023 3:30 PM] The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.

SEC has 10 days to respond to Coinbase complaint: Legal exec

[May 4, 2023 4:47 AM] Coinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against the SEC.

U.S. SEC Changes Its Mind on Officially Labeling Digital Assets

[May 3, 2023 4:37 PM] The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.

US congressmen chide presidential advisers over crypto stances in economic report

[May 2, 2023 2:58 PM] The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets.

US House committees hear similar testimonies in simultaneous hearings on digital assets

[Apr 27, 2023 2:29 PM] A range of speakers addressed issues like agency turf wars and regulator fitness in hearings on regulatory gaps.

Bahamas securities watchdog presents comprehensive new draft digital assets act

[Apr 26, 2023 1:15 PM] After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul.