Blockchain Financial News

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Blockchain analytics firm Nansen reported that more than 300 NFTs associated with the defunct crypto hedge fund Three Arrows Capital (3AC), have been moved into a new address.

The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritages around the world.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Ethereum [ETH] activity index for September was almost no different from the decreasing network involvement in August.

A decentralized autonomous organization (DAO) has been established to serve as an ally for every project and business that's embracing Web3.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Anchorage Digital is making an entry into Asia with five new partnerships in the region.

Tom Zschach, chief innovation officer at Swift says that the success showed that the blockchain networks could be interlinked for cross-border payments through a single gateway, and that Swift’s new transaction management capabilities could orchestrate all inter-network communication.“For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway, ensuring the instant and smooth flow of cross-border payments," he says.14 central and commercial banks, including Banque de France, the Deutsche Bundesbank, HSBC, Intesa Sanpaolo, NatWest, SMBC, Standard Chartered, UBS and Wells Fargo, are now collaborating in a testing environment to accelerate the path to full scale deployment.As reported by Finextra yesterday, a seperate Swift-led pilot has also successfully implemented a common framework linking tokenisation systems between CSD’s and global custodians. Working in collaboration with Citi, Clearstream, Northern Trust, and technology partner SETL, Swift explored 70 scenarios simulating market issuance and secondary market transfers of tokenised bonds, equities and cash.

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New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercriminals.

"There is an opportunity for the UK to benefit from this economic and social value, both domestically and globally," says the paper, adding that the country's position in global finance will be partly determined by its approach to the nascent sector.This year, Singapore has overtaken the UK as the number two destination for investment in DLT and crypto-asset based businesses.To fight back and ensure its place at the top table, the country must have a joined-up strategy across government, regulators and the legal system that is alive to the potential benefits as well as the risks of crypto-technologies, and provides clarity for businesses and consumers interacting with them, says the paper.There must also be a continued review of UK law and regulation to ensure it provides the basis for recognising digital assets and digital transactions, as well as an improvement in the responsiveness and service levels of the UK’s regulators in their processing of applications for new businesses in the sector.Separately, Ousmène Jacques Mandeng, a visiting fellow at the LSE and blockchain advisor at Accenture, has called for the launch of a CBDC and the issuance of blockchain-based gilts to support the competitiveness of the City of London.He writes: "The bank introducing a wholesale CBDC and the Treasury announcing that a significant share of gilts will be issued on blockchain could be catalysts for the adoption of blockchain-based financial applications.

The EBA says it wants access to real-time data on crypto-assets and crypto-assets markets via a subscription model. The authority has split the tender into two lots, one covering blockchain analytics and forensics data, valued at about EUR240,000, and the other crypto-assets market data, valued at around EUR120,000.

The European Securities & Markets Authority (ESMA) has warned about the risks of increasing consumer rip-offs and operational failures as cryptocurrency adoption grows over time.

Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up from the ground up will be available this Friday on Amazon Prime, iTunes, Youtube, and other streaming platforms.

According to a new study published by the Basel Committee on Banking Supervision, a supranational organization responsible for setting standards on bank capital, liquidity, and funding, 19 out of 182 global banks supervised by the committee reported ownership of digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion. 

The Bitcoin hash rate hit a new all-time high above 245 EH/s on Oct. 3, but at the same time, BTC miner profitability is near the lowest levels on record. 

Litecoin [LTC] has been making improvements to its existing technology for quite some time now. In line with the same, the blockchain recently announced an MWEB feature that would allow users to make confidential transactions. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.