Monthly archives: November 2024

The Monetary Authority of Singapore (MAS) has announced several initiatives designed to enhance tokenization within the financial sector, according to a Nov. 4 statement. According to the regulator, the move aims to strengthen tokenized assets’ liquidity and support market infrastructure growth. To help drive the adoption of tokenized assets, MAS will establish commercial networks, develop …

Continue reading “Singapore creating networks to commercialize digital asset tokenization platform after successful trials”

Tether CEO Paolo Ardoino has dismissed recent speculation about the company’s plans to launch a proprietary blockchain network. In a Nov. 3 post on X, Ardoino clarified that Tether does not intend to create its blockchain. He emphasized the company’s position by writing: “Tether is not planning to build an official blockchain at this time.” …

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Polymarket’s leading holder of Trump shares has shifted, with ‘zxgngl’ surpassing ‘Fredi9999’ after significant buying activity on Monday morning amid shortening odds over the weekend. On Sunday Trump’s lead narrowed from 65% to 54% as whale pressure subsided. Whales persistently purchasing Trump shares regardless of price appear to have reduced their activity, leading to a …

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The latest Certik Web3 Security Quarterly Report reveals alarming statistics for the second quarter of 2024, with a staggering $688 million lost across 184 on-chain security incidents, marking a 37% increase in value lost compared to the previous quarter. Phishing attacks emerged as the most costly threat, accounting for approximately $433 million in losses, while …

Continue reading “Certik Web3 Security Quarterly Report: $688 Million Lost in Q2 2024, Totaling Over $1.19 Billion in H1 2024”

The Central Bank of Argentina has opened its doors to host a cryptocurrency-themed art exhibition for the first time. The show, titled “Art, Artificial Intelligence and the Future of the Economy,” includes a series of bitcoin mining machines, several spheres that display ether and bitcoin prices, and another sphere filled with destroyed physical money. Alberto …

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Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s …

Continue reading “Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives”

BBVA is launching a tokenized fund integrated into the Spanish securities regulator’s sandbox. The fund will be open only to BBVA employees to research the benefits of applying blockchain technology to these applications. BBVA to Experiment With First Blockchain Tokenized Fund Tradfi institutions are now open to testing decentralized technologies and applying them to existing …

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, a public records inquiry reveals contradictions in the reported results for ‘Adopting El Salvador,’ Brazil mulls taxing stablecoin remittances, and a Bolivian bank offers USDT services for the first time. Public Records Inquiry …

Continue reading “Latam Insights: Salvadoran Bitcoin Visa Program Fails; Brazil Floats Tax on Stablecoin Remittances”

Transak has recently obtained regulatory licenses in Canada and Delaware, solidifying its presence in North America’s cryptocurrency markets. Transak Expands Regulatory Reach in the U.S. and Canada Transak, a Miami-based Web3 payments platform, has achieved two regulatory milestones in both Canada and the United States. In Canada, Transak has registered with the Financial Transactions and …

Continue reading “Transak Secures FINTRAC Registration in Canada and US Money Transmitter License in Delaware”

Although bitcoin dipped below $70,000 earlier this week, South Korean markets still show a notable premium. On Oct. 24, the premium climbed as high as 2.21%, with today’s rate only slightly lower. South Korea’s Bitcoin Premium Bounces Back After October’s Brief Dip As of 4:45 p.m. EST, bitcoin is priced at $69,058, following a push …

Continue reading “Bitcoin Premium in South Korea Rises: A Bullish Signal or Just Regional Dynamics?”