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” JP Morgan executes first DeFi trade on public blockchain “ Multinational banking firm JP Morgan has successfully executed its first ever cross-border transaction using decentralized finance (DeFi) on a public blockchain. The trade was facilitated by the Monetary Authority of Singapore’s (MAS) Project Guardian on Nov. 2 — which was established as part of…
” Unstoppable Domains launches Web3 alliance and seeks self-regulating boards “ Interoperability in Web3 domains is now a priority for a cross-chain coalition of leading blockchain and Web3 players that has formed the Web3 Domain Alliance, announced on Nov. 2 at the Web Summit in Lisbon. Sandy Carter, senior vice president and channel chief at…
” Stablecoin issuers Circle and Paxos gain approvals in Singapore “ Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a Major Payments Institution License allowing it to issue cryptocurrencies and facilitate domestic and cross-border…
” Twitter monetization and free speech drove Binance’s $500M injection: CZ “ Binance CEO Changpeng “CZ” Zhao has explained the reasoning behind its $500 million co-investment into Elon Musk’s Twitter, citing monetization potential, crypto community free speech and the opportunity to eventually “help bring Twitter into Web3.” CZ’s comments came from an Oct. 31 CNBC…
” Decentralized Storage Alliance seeks to bridge the Web3 gap through education and advocacy “ Decentralized storage network Filecoin has partnered with Protocol Labs and other participants within the Web3 ecosystem to launch the Decentralized Storage Alliance. According to the announcement, one of the main goals of the newly formed alliance is to help Web2 enterprises…
” Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31 “ The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s…
” Here are top tips by the crypto community to get through the bear market “ The crypto bear market of 2022 has wiped out more than 70% of the market capitalization from the top. The total crypto market cap breached $3 trillion at the bull market’s peak last year but currently struggling to remain above…
” 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech “ The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors. The MOU, signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition…
” 62% of Dogecoin hodlers in profit amid hopes of Twitter integration “ Tesla CEO and billionaire Elon Musk’s acquisition of Twitter has tipped 62% of Dogecoin (DOGE) investors into profit, amid speculation that Musk’s Twitter-buy will be positive for the meme token. DOGE’s price rallied on Oct. 26 when billionaire entrepreneur Elon Musk changed…
” The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics “ Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU…