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Vietnam Unveils Ambitious Strategy to Become Regional Blockchain Hub

Vietnam Unveils Ambitious Strategy to Become Regional Blockchain HubThe Vietnamese government has unveiled a strategy to make Vietnam a leader in blockchain technology in Southeast Asia. The strategy includes building blockchain brands, establishing testing centers, and developing human resources. The government aims to achieve these goals through a five-step action plan, which includes legal reforms, ecosystem development, and international collaboration. Boosting Vietnam’s Blockchain […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Chainlink Creator Sergey Nazarov Reveals Launch of SWIFT Integration for Institutional Systems

Chainlink Creator Sergey Nazarov Reveals Launch of SWIFT Integration for Institutional Systems

Chainlink (LINK) creator Sergey Nazarov says a major milestone has been reached in its partnership with payments giant SWIFT. In a new speech at the Sibos 2024 conference in Beijing, Nazarov says that Chainlink has developed a system that connects the traditional finance (TradFi) world with blockchain functions. “Over many years now we’ve been collaborating […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH). In a new blog post, Uniswap Labs says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Revving Up Innovation: Zanzibar Introduces Blockchain Sandbox Program

Revving Up Innovation: Zanzibar Introduces Blockchain Sandbox ProgramThe Zanzibar government has introduced a blockchain sandbox program to encourage entrepreneurship and technological advancements. The program, powered by the Xinfin XDC network and designed by Ledgerfi IT solutions, allows startups to safely test their blockchain-based solutions within the National Blockchain Network. Zanzibar’s sandbox follows a similar initiative in Tanzania, which aims to streamline regulations […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Japanese Entertainment Giant’s Crypto Arm in Partnerships to Support Web3 Economy

Japanese Entertainment Giant’s Crypto Arm in Partnerships to Support Web3 EconomyJapanese cryptocurrency exchange DMM Crypto has secured Neoclassic Capital, a Florida-based global investment firm, as its lead investor. DMM Crypto also partnered with Presto, a quantitative trading company. The investments will support DMM Crypto’s Seamoon Protocol, which aims to create a Web3 economic hub for businesses and creators. Bringing DMM Group’s IP Development Capabilities to […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Komainu targets Singapore custodian Propine for first acquisition

The acquisition of its competitor will net Komainu a Singapore Capital Markets Services License and hope for a Major Payment Institution license in the future.

Digital asset custody provider Komainu has targeted Singapore’s Propine Holdings, the parent company of local custody provider Propine Technologies, for acquisition. The value of the transaction was not disclosed.

If the sale is approved it will be Komainu’s first acquisition, but probably not its last, its CEO said.

The sale of Propine to Komainu requires approval from the Monetary Authority of Singapore (MAS). Propine Technologies holds a Capital Markets Services License issued by MAS to provide institutional custodial services, which Komainu co-CEO Paul Frost-Smith called “an absolutely key factor in building” Komainu in an interview with Bloomberg.

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Coinbase CEO, Elon Musk Back Pro-Crypto Senate Challenger Against Elizabeth Warren

Coinbase CEO, Elon Musk Back Pro-Crypto Senate Challenger Against Elizabeth WarrenCoinbase CEO Brian Armstrong and Tesla CEO Elon Musk have voiced their support for pro-crypto Senate candidate John Deaton in his race against Elizabeth Warren. Armstrong warned that Warren, a vocal crypto critic, has pushed harmful regulations and backed U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s efforts to curb the industry. Musk signaled […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Metallicus secures FedNow transaction certification

The partnership was originally announced in mid-2023 ahead of the launch of FedNow.

Digital banking network Metallicus announced the completion of its testing and certification phase and the launch of its services on the United States Federal Reserve’s FedNow instant payments platform. 

The Oct. 22 announcement comes more than a year after the Fed announced Metal Blockchain’s integration with FedNow, highlighting the lengthy certification process as the central bank purportedly aims to onboard thousands of financial institutions over time. 

Per Don Berk, the chief operating officer of Metallicus:

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China Unearths Massive Gold Veins That Could Reshape Global Markets

International agencies report on tokenization to G20 officials

The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have both released a series of papers ahead of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting on Oct. 23 and 24.

Brazil is the president of the G20 world’s largest economies for 2024 and, like India last year, it called for a discussion of digital currency.

Both the BIS and FSB released papers on tokenization on Oct. 22. Although their studies were carried out independently, the BIS and FSB emphasized common themes.

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet

Avalanche Foundation Reveals Launch of New Visa Spending Card Linked to Self-Custody Wallet

The foundation behind Avalanche (AVAX) is partnering with payments giant Visa for a new crypto spending card product. In a new announcement, The Avalanche Foundation introduces the Avalanche Card, a new card that allows users to pay with crypto at Visa-accepting locations. “Introducing the Avalanche Card! Spend your WAVAX, USDC, sAVAX, and more wherever Visa […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets