Author: Atis. Sh

Nomura’s subsidiary, Laser Digital Asset Management, has announced its latest innovation: the Bitcoin Adoption Fund. Catered specifically for institutional investors, this fund exemplifies a hassle-free and secure channel into the fast-paced world of digital assets, reflecting Nomura’s vision of harmonizing conventional finance structures with modern digital innovations. The introduction of the Bitcoin Adoption Fund isn’t just an isolated endeavour. Laser Digital Asset Management has ambitious blueprints for the near horizon, hinting at a comprehensive array of digital adoption investment instruments, ensuring they remain a prominent figure in the evolving crypto landscape. Secure Partnerships and Forward Thinking Emanating from Laser Digital…

Citi Bank, with its global financial influence, hasn’t shied away from taking a risk and going into the blockchain industry. On Monday, the bank announced the debut of its Citi Token Services, aiming to tokenize clients’ deposits. This move promises immediate global transactions, but with rapid technological progress often comes increased control. For large multinational entities, juggling multiple bank accounts across different regions has been nothing short of cumbersome. “It’s really an inefficient use of cash,” remarks Ryan Rugg, the global head of digital assets for Citi’s Treasury and Trade Solutions business. He then pitches the utility of Citi’s new…

Not even the elite, like NBA team owners, are safe from the pitfalls of the digital realm. This Monday brought alarming news about Mark Cuban, owner of the Dallas Mavericks and renowned Shark Tank investor. A staggering $870,000 in various digital tokens vanished from his crypto wallet. A dormant 160-day period preceded this unexpected activity in Cuban’s crypto wallet. The abrupt withdrawal encompassed diverse tokens such as USDC, Lido-staked Ether, SuperRare tokens, and Ethereum Name Service. The episode was first spotlighted on Twitter by @WazzCrypto, drawing attention to the sudden movement of assets. A heads up from crypto media house…

Safeguard your funds like never before. In the digital age where billions in crypto vanish due to intensifying cyber-attacks, MultiversX steps in with a revolutionary solution. Introducing the “Guardians” – the superhero squad for your crypto wallet. The first paragraph of a news article should always summarize the entire article. With billions lost and millions affected in the crypto world, MultiversX’s response is launching an Onchain 2FA security system. By integrating two separate forms of verification, this move ensures that crypto holders have fortified control over their wallets. Guardians: The New Sentinels of Security In the face of growing security…

Despite an initial setback in the approval process for BlackRock’s Bitcoin ETF, NASDAQ Giang Bui remains hopeful for its ultimate success and sees a bright institutional future for Bitcoin ETFs. Early Rejections Not a “Death Knell” for Bitcoin ETFs In what can be described as a regulatory hiccup, BlackRock’s move to secure a spot Bitcoin exchange-traded fund (ETF) faced a premature hurdle. On June 15, the investment management behemoth submitted its application. While BlackRock presented its Form S-1 for product registration, NASDAQ was at the helm, navigating the procedural intricacies with its Form 19-b4 – a necessary document proposing rule…

Binance’s trailblazing BNB Chain has officially unfurled its latest marvel, the opBNB, a layer-2 scaling platform rooted in Ethereum’s design. Positioned as the next big leap in the blockchain space, this development emerges after the comprehensive evaluation of the OP Stack-based platform. Follow Tweet Here: https://x.com/BNBCHAIN/status/1701906177599418801?s=20 A Quantum Leap for BNB Chain As unveiled, opBNB aims to elevate the functionalities of the BNB Chain blockchain by seamlessly integrating with Optimism’s avant-garde rollup technology. The grand public reveal of its Ethereum Virtual Machine (EVM)-aligned L2 promises a game-changing experience: dramatically reduced gas fees and accelerated transaction speeds for decentralized apps housed…

Deutsche Bank, a giant in the global financial arena, has announced an intriguing partnership with Swiss cryptocurrency company, Taurus. This collaborative venture seeks to offer unparalleled custody services to institutional clients, melding the worlds of traditional banking with the dynamic arena of cryptocurrencies and tokenized assets. The Deutsche Bank Vision For Crypto In what is seen as a landmark decision, Deutsche Bank’s alignment with Taurus underscores the mainstream acceptance of cryptocurrencies. By forging ties with Taurus, a name synonymous with excellence in the blockchain arena, Deutsche Bank caters to the mounting demand from institutional sectors for trusted, reliable crypto custody…

In a recent tweet, Brian Armstrong, the visionary CEO of Coinbase, took a hard stance against the US Commodity Futures Trading Commission’s (CFTC) approach towards the decentralized finance (DeFi) realm. The CFTC should not be creating enforcement actions against decentralized (DeFi) protocols. These are not financial service businesses, and it’s highly unlikely the Commodity Exchange Act even applies to them. My hope is these DeFi protocols take these cases to court to establish precedent. The courts have proven to be very willing to uphold rule of law. The only thing this is accomplishing is to push an important industry offshore.…

The cryptocurrency sphere is on tenterhooks, anticipating substantial developments in the upcoming week. At the epicenter of this brewing storm is the embattled crypto exchange, FTX. Sources suggest that the exchange is poised to secure court clearance to initiate liquidations for a staggering $3.4 billion worth of cryptocurrencies. With whispers pointing to FTX possibly getting the nod by September 13, stakeholders across the industry brace for potential market upheavals. FTX Liquidations: A Damper on the Bullish Drive? Renowned cryptocurrency analytical body, IntoTheBlock, voiced concerns that the imminent FTX liquidations might overshadow recent positive market trends, particularly for Ethereum and Solana.…

Binance US President and CEO Brian Shroder has taken a surprising exit from his role, as per recent insights from a Bloomberg report. This comes at a time when Binance CEO Changpeng ‘CZ’ Zhao is putting in rigorous efforts to counteract the negative press and FUD surrounding his cryptocurrency stronghold. A Shift in Executive Positions Taking up the mantle from Shroder is Binance US Chief Legal Officer, Norman Reed. Binance US, however, isn’t just dealing with this abrupt change in leadership. The company is also witnessing a substantial downsizing, terminating over 100 positions, which amounts to nearly a third of…