Digital Financial News

The Russian government has said it is exploring the notion of using crypto in trade deals with Iran – but will not be hurried into action.

Monitoring and analysis systems identify suspicious transactions, while the firm also offers compensation for some hacks because its technology is insured. Finally, an end-to-end encrypted vault offers secure storage.The firm was founded in 2018 by David Janczewski and Adam Smith, who met when working together at The Royal Mint to digitise gold for the UK government.Coincover already works with more than 300 businesses, from exchanges and wallets to hedge funds, family offices, and banks.

Access to and use of financial services, known as financial inclusion, is crucial for economic growth and development. Unfortunately, a large portion of the population, particularly in developing nations, still lacks access to basic banking services. The World Bank estimates that 1.4 billion adults worldwide are without access to these services, which limits economic opportunities and perpetuates poverty.

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

Shockwaves have rumbled through the GameFi industry as the Meta Masters Guild presale skyrockets to a jaw dropping $3.8m raised.

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

Bitcoin has been on a steady decline for a while now. It was trading near $23,000 early today and has been on a steady decline ever since. It was trading at $21,800 during the US session. Despite this, now is not the time to panic and sell your crypto holdings. 

Deposit tokens are transferable tokens issued on a blockchain by a licensed depository institution which evidence a deposit claim against the issuer.Because the tokens are commercial bank money embodied in a new technical form, they sit comfortably as part of the banking ecosystem, subject to the regulation and supervision applicable to commercial banks today, say the authors.In their token form, commercial bank deposits can bring a number of technical advantages to payments and transaction settlement including programmability, 24/7 transferability, as well as faster and more direct fund flows between counterparties. Basak Toprak, global product head, digital tokens, Onyx by JP Morgan, says: “The digital money landscape is still emerging and various types of digital money will compete to serve different use-cases.

Craig Wright, the Australian computer scientist and self-proclaimed Satoshi Nakamoto, has had a copyright claim for Bitcoin rejected by a London court, with the judge saying the subject matter “is not expressed or fixed anywhere.”

The Fight Out presale continues to move rapidly as it heads towards its close at the end of March.

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

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

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

The jobs, both at HSBC's Global Private Banking and Wealth (GPBW) business and both based in the UK, are currently being advertised on the bank's website. The global product manager for digital assets will be responsible for the smooth running of all activities via the creation, optimisation and running of governance and policy. "Because digital assets is a new topic and strategic & risk appetite considerations are evolving quickly, the product manager for digital assets will be required to build strategic frameworks and policies to help drive complex business, project and governance decisions," says the ad. Meanwhile, the product director, tokenisation will focused on asset tokenisation use cases, "required to make complex business and project decisions, that contribute to a high value, strategic initiative". Applications for both jobs close on 13 February.

Bitcoin rose today, but it decreased steadily. Today’s values are only marginally better than the all-time low hit on Wednesday, when bitcoin dropped by as much as 4.5%. Ethereum also fell with a value lower than yesterday’s high; this decline has been caused by inflationary concerns and uncertainty in China's cryptocurrency market. 

Major cryptocurrencies traded in the red early on February 9 as the global crypto market cap decreased 2.32 percent to $1.06 trillion, over the last day. The total crypto market volume over the last 24 hours is $57.38 billion, which makes a 7.61 percent increase.

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

On Feb 8, a jury trial in the Southern District of New York reached a verdict in Hermès' lawsuit against MetaBirkins. The court ruled that artist Mason Rothschild had violated the trademark protections of the brand Hermès. Rothschild's 100 "Metabirkins" NFTs were found to not be artistic commentary and therefore not protected by the First Amendment of the US Constitution.

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

Electricity-free digital yuan payment adoption is reportedly on the rise in China – where smartphone users can spend their coins without a network connection.

Jupiter Fund Management plans to halt its open-ended funds from making any new investments in unlisted companies — a move that coincides with the FTSE 250-listed asset manager offloading its entire stake in Starling Bank.