Bahrain-Backed Bank Launches Digital Asset Custody Service

November 5, 2024 Bitcoin.com

bitcoin.com

Bahrain-backed Singapore Gulf Bank has launched digital asset custody and trading services, positioning Bahrain as a hub for digital finance and connecting Asian and Middle Eastern markets. Bahrain Aims to Connect Asian and MENA Markets Bahrain-backed Singapore Gulf Bank has launched digital asset custody and intuitive trading solutions services. The bank is also set to […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Canary Capital Files Registration for Litecoin ETF With SEC

October 15, 2024 Bitcoin.com

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Canary Capital has submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) for its new exchange-traded product, the Canary Litecoin ETF. The ETF will provide investors with exposure to the value of litecoin (LTC), tracking the Coindesk Litecoin Price Index. Canary Capital Targets Litecoin Market With New ETF Filing The Canary Litecoin […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Canary Capital Files SEC Registration for XRP ETF

October 9, 2024 Bitcoin.com

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Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms. Canary […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Banks to join SWIFT digital asset trials in 2025

October 3, 2024 Coin Telegraph

Banks

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.

Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.

Source: SWIFT

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

September 29, 2024 Bitcoin.com

CFTC Sues Over .6M Digital Asset Fraud Targeting Asian Americans

Aipu Ltd.

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Digital Asset, DTCC complete collateral tokenization pilot

September 23, 2024 Coin Telegraph

atomic transaction

The project aimed for speed, privacy and legal compliance while using highly accessible and desirable US Treasury bonds as a collateral asset.

Blockchain solutions provider Digital Asset and the Depository Trust & Clearing Corporation (DTCC) have completed their US Treasury Collateral Network pilot project on the Canton Network. The project brought together 26 market participants to carry out 100 transactions.

The project used tokenized “digital twins” of Treasury bonds (USTs) in four use cases using the Canton Network Global Synchronization and DTCC LedgerScan features to demonstrate transaction flows and a case of default.

In the first use case, a digital twin was created of real-world assets (USTs) for an investor and then set aside. The digital twin was registered with the central security depository. The digital twin could be used for the same purposes as the asset itself — trading, lending or collateral, for example.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’

August 31, 2024 Bitcoin.com

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The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted to the regulatory incubation program to test their technology. The SEC has cautioned the Nigerian public to […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025

August 26, 2024 Bitcoin.com

bitcoin.com

Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints

August 26, 2024 Bitcoin.com

Bitcoin Miners

Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin Mine Raided Amid Resident Power Outage Complaints Authorities in Thailand […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

DMM Group and Progmat Collaborate to Create a Regulated Stablecoin

August 25, 2024 Bitcoin.com

bitcoin.com

Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects to utilize the stablecoin to enhance user experiences and […]

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