Digital Financial News

A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double its headcount this year as it predicts rising demand for cryptocurrency amid market volatility.

Kusama’s native cryptocurrency KSM is among the digital currencies that got a massive slap down during the latest bear market. It looks like the bulls are making a comeback but can KSM promise a recovery as fast as it delivered a fall?

In his new role, Paul will be tasked with leading the Fireblocks' engagement with central banks and market infrastructures as they begin adopting digital asset and tokenization technologies.According to the Bank for International Settlements, fully 90% of central banks are actively exploring CBDCs and more than half are now developing them or running concrete experiments.Says Paul: "Financial innovation in CBDC, DeFi and tokenization is rapidly accelerating, and my new role at Fireblocks allows me the privilege and opportunity to work alongside some of the most forward-thinking organizations in the world as they prepare for one of the sector's greatest transformations."Since launching in 2019, Fireblocks has onboarded more than 1,300 institutional customers, providing digital asset and crypto products for custodians, fintech, crypto exchanges, lending desks, super apps and asset management firms.

Stablecoins and central bank digital currencies can coexist, according to R3’s chief technology officer, Richard Brown, despite their different objectives.

Britain is making changes in rules to insulate financial system from stablecoin collapse

Bringing industry leaders together for a strategic roundtable on ‘The future is now! How do we best employ technology and infrastructure in transaction banking and payments?’, Sulabh Agarwal, global head of payments, Accenture made history with Sara Castelhano, managing director, EMEA payments and commerce solutions, JP Morgan and Kerstin Montiegel, managing director, global head of client connectivity, corporate bank, Deutsche Bank in the first women-only keynote panel at EBAday.

"Venture capitalists have become more cautious and compared to 2021, the venture capital investment records have slowed down considerably," says Kristina Walcker-Mayer, Nuri CEO. "To get funding now and in the near future, companies have to show that they are on the home stretch to profitability - and this is also true for us."Formerly known as Bitwala, the German mobile bank leans on Solarisbank for licencing and regulatory requirements, offering customers saving and crypto investment products.

Sopnendu Mohanty, chief fintech officer, MAS, says: “Through practical experimentation with the financial industry and the broader ecosystem, we seek to sharpen our understanding in this rapidly transforming digital assets ecosystem. The learnings from Project Guardian will serve to inform policy markets on the regulatory guardrails that are needed to harness the benefits of DeFi, while mitigating its risks.”The first industry pilot will explore potential DeFi applications in wholesale funding markets.

Blockchain Association Singapore (BAS) and statutory board JTC have signed a Memorandum of Understanding (MOU) to collaborate in co-developing and nurturing a virtual blockchain ecosystem.

In recent months, businesses all around the world have begun to integrate Bitcoin payments into their systems. As a result, more payment options will be available, and payment challenges will be reduced, particularly abroad.

The newly created 'smart yen' programme will utilise Digital Asset's cross-blockchain smart contracts and applys them to programmable money — a digital currency that has been coded to move between parties when predetermined conditions are met. The technology is implemented as an overlay to the existing payment infrastructure, enabling the execution of condition-based payments or reward programmes automatically.Yoshitaka Kitao, president and representative director of SBI Holdings, comments: “Digital Asset has excellent technology and business concepts.

Glauber Contessoto, who once described himself as a "Doge Millionaire", soon lost his fortune

Sometimes labelled as a crypto killer, central bank digital currencies could actually complement not compete with stable coins, digital assets pegged to a fiat currency.

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One of Asia's largest non-fungible tokens (NFTs) exhibitions titled "ARTAVERSE" will be hosted in Hong Kong starting on June 3.

The crypto market has taken huge hits in recent weeks with $500 billion being wiped out of it. The NFT market is among the first ones to take the huge brunt of it. The euphoria around the NFTs has cooled down recently which has opened the floodgates to losses across the board. The NFT sales volume by May has roughly equaled last year’s entire total of $40 billion but there’s a catch.

European Central Bank's President Christine Lagarde wants regulation of cryptocurrencies

At the World Economic Forum in Switzerland, Credit Suisse chairman Axel Lehmann warned against getting left behind as digital assets win over more of the financial world.

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Russia is considering allowing cryptocurrency for international payments

At the World Economic Forum in Switzerland, Credit Suisse chairman Axel Lehmann warned against getting left behind as digital assets win over more of the financial world.