Digital Assets
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BlackRock CEO Larry Fink Views Digital Assets and Emerging Markets as Catalysts for Financial Inclusion
According to reports, Larry Fink, CEO of global asset management giant BlackRock, stated in his latest annual investor letter that very interesting developments are taking place in the field of digital assets, and many emerging markets, such as India, Brazil, and parts of Africa, are witnessing significant progress in digital payments, reducing costs, and promoting financial inclusion. In contrast, many developed markets, including the United States, lag behind in innovation, resulting in much higher payment costs. Larry Fink also predicted that the Federal Reserve would continue to focus on fighting inflation and increasing interest rates, and that the current banking crisis will place greater emphasis on the role of capital markets. He explained, “As banks may be subject to more restrictions on lending, or as their customers realize that these assets and liabilities do not match, I expect they may turn to the capital markets for financing.” (Blackrock) BlackRock CEO: Backward digital asset innovation in developed markets such as the…
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Sony Applies for NFT Interoperability Patent
According to reports, the electronics giant Sony has applied for a patent for NFT interoperability or will deploy a new NFT platform. It is reported that the patent is called “NFT Framework For Transferring And Using Digital Assets Between Game Platforms”, and was submitted in September 2022, but was not disclosed until yesterday. The patent content shows that game players can use NFT on different platforms, It is also possible to use NFT assets across platforms, which means that players can transfer NFT from one game or system to another, and can also trade or sell NFT to other players. It also supports the subsequent sale of NFT to other participants through digital ledger driven markets at open prices. (psu) Sony applies for a patent for “NFT interworking framework” that can be used on different games and platforms Analysis based on this information:Sony, the electronics giant, has filed for a patent for NFT interoperability or will launch a new NFT…
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DWF Labs to provide liquidity and market maker services to Synthetix Finance Committee.
On March 17th, digital asset market makers and venture capital firm DWF Labs reached an agreement with the Synthetix Finance Committee to provide liquidity and market maker services to SNX on centralized and decentralized trading platforms. DWF Labs is committed to becoming a member of the Synthetix agreement in a variety of ways, including integrating and trading Synthetix perpetual contracts, participating in SNX governance during the Epoch election, and participating in community and product exchanges. DWF Labs will provide liquidity and market maker services for SNX Analysis based on this information:DWF Labs, a venture capital firm and digital asset market maker, has reached an agreement with the Synthetix Finance Committee. The agreement aims to provide liquidity and market maker services to the Synthetix agreement on centralized and decentralized trading platforms. The agreement also includes integrating and trading Synthetix perpetual contracts, participating in governance during the Epoch election and participating in community and product exchanges. This announcement comes at a time…
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Chaine Finance and Arculus Team Up to Launch Self-Hosted Hardware Cold Wallet
According to official news, Chaine Finance has partnered with Arculus of CompoSecure to launch a self hosted hardware cold wallet aimed at providing secure and easy-to-use protection measures for digital assets. Arculus hardware cold wallet uses the best CC EAL6+security components, and multiple hardware-based authentication ensures the security of private keys. Communicate with Chaine Wallet via encrypted NFC connection to achieve touch trading without using Bluetooth, USB, or other data cables. Chaine Finance and CompoSecure Cooperate to Launch Self Managed Hardware Cold Wallet Analysis based on this information:Chaine Finance has recently partnered with Arculus of CompoSecure to launch a self-hosted hardware cold wallet, designed to ensure secure and easy-to-use protection measures for digital assets. The need for this service comes from an increasing concern of digital asset protection, especially with the rise of cryptocurrency and blockchain technology. The Arculus hardware cold wallet utilizes the best CC EAL6+ security components, creating a multi-layered approach to secure technology. The private keys are…
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Cryptocurrency Industry Turns to Asset Management Companies for Investment
It is reported that, according to Bloomberg, after the recent collapse of several cryptocurrency friendly American banks, more and more companies in the digital asset industry are contacting asset management companies such as Fidelity Investment to invest their cash in U.S. treasury bond bonds and other products. Digital asset companies begin to transfer cash to asset management companies such as Fidelity Analysis based on this information:The report by Bloomberg reveals a shift in the investment strategy of companies in the cryptocurrency industry. After the collapse of several cryptocurrency-friendly American banks, many of these companies are seeking investment opportunities in traditional markets such as U.S. treasury bonds and other products. The sudden change in strategy has been attributed to the need for stability and security in an increasingly unpredictable market. With the emergence of digital currencies such as Bitcoin, there has been a corresponding increase in investment opportunities within the cryptocurrency space. However, the industry has been plagued by market volatility,…
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UK Government Recognizes Digital Assets as Future of Financial Technology
According to reports, Dominic Johnson, Secretary of State for Commerce and Trade, CBE, met with Jeremy Allaire, Chief Executive Officer of Circle, and Teana Baker Taylor, Vice President of Policy and Regulatory Strategy of Circle, to discuss the UK’s approach in the field of digital assets, and stated that digital assets are likely to shape the future of financial technology. With correct regulatory clarity, the UK will still be a strategic growth market. The Secretary of State of the Department of Commerce and Trade of the United Kingdom met with the CEO of Circle to discuss the regulation of digital assets in the United Kingdom Analysis based on this information:The UK government publicly recognized digital assets as the future of financial technology during a meeting between Secretary of State for Commerce and Trade, Dominic Johnson, and Circle CEO, Jeremy Allaire, and Vice President of Policy and Regulatory Strategy, Teana Baker Taylor. Johnson noted that with proper regulatory clarity, digital assets…
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Dispute Over Clause in Sale of Digital Assets from Voyager Digital to Binance.US
On March 15th, US officials wanted to remove a clause contained in Voyager Digital’s plan to sell its digital assets to Binance.US, which would prevent them from legally pursuing anyone involved in the sale. In a motion filed in the New York Bankruptcy Court on March 14th, the United States trustee, William Harrington, and other government lawyers argued that the court improperly exceeded its statutory powers in approving a pardon. They asked the court to defer approval of the sale for two weeks in order for them to file an appeal. US officials want to remove the exemption clause protecting their executives from the proposed sale of Voyager assets Analysis based on this information:On March 15th, the United States officials raised an issue over a clause present in the plan of Voyager Digital to sell its digital assets to Binance.US. The clause in question would have prevented the US government from legally pursuing anyone involved in the sale of digital…
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The Role of User-generated Content in the Digital Economy
On March 6, Neal Stephenson, author of Avalanche, said that user-generated content could stabilize the digital economy. He believed that the financialization o…
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Maelstrom, the Family Office of BitMEX Co-founder Arthur Hayes, Invests in Private Companies
It is reported that Arthur Hayes, co-founder and former CEO of BitMEX, said that his family office, Maelstrom, has made 10 to 20 investments in private compani…
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Dubai Law Firm Sets Sights on Digital Assets and Bitcoin
According to reports, Irina Hever, a Dubai encryption lawyer, said that once Ras AI Khaimah Digital Assets Oasis (RAK DAO) found a suitable partner, it would e…
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Upbit Returns $1.96 Million to 72 Victims of Phishing Fraud
On March 3, Dunamu, the parent company of Upbit, announced that in 2022, Upbit returned about 2.558 billion won (about 1.96 million US dollars) to 72 victims o…
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Puerto Rico’s Preferential Tax Treatment for Digital Assets
On March 2, the Ministry of Economic Development and Commerce of Puerto Rico issued a guide to digital assets based on blockchain technology and blockchain ver…
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Unsecured creditors recommend NovaWulf as the best choice for Celsius bankruptcy case
On March 2, according to a new court document, the official committee of unsecured creditors in the Celsius bankruptcy case said that the proposed sale to Nova…
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The Importance of Real Digital Ownership
On March 1, Sebastien Borget, the chief operating officer and co-founder of The Sandbox, stressed that other meta-space platforms such as Roblox and Fortress N…
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The Transformation of Web3.0 and the Disruption of Industry Monopoly
It is reported that the reporter of the \”Half Moon Talk\” hosted by the Xinhua News Agency recently released an article saying that with the rise and fall of ne…
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Prudential Regulatory Authority to Propose Rules on Digital Asset Issuance and Holding
It is reported that Vicky Saporta, Executive Director of Prudential Policy of the Bank of England, said in a speech on Monday that the Prudential Regulatory Au…
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Point72 Expands Cryptocurrency Team with Appointment of Lionel Sukhram as Senior Expert
It is reported that Point72, a hedge fund, announced the appointment of Lionel Sukhram, a senior executive of Robin Hood and former office director of Morgan S…
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Puerto Rico’s Ministry of Economic Development and Commerce Issues Guide on Digital Assets and Blockchain Verification
It is reported that Puerto Rico\’s Ministry of Economic Development and Commerce (DDEC) has issued a guide to digital assets based on blockchain technology and …
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Goldman Sachs Global Head of Digital Asset Team Shares Views on Blockchain
According to reports, Matthew McDermott, the global head of Goldman Sachs digital asset team, said in an interview that the department was open to strengthenin…
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The American Digital Chamber of Commerce opposes SEC in lawsuit against Coinbase employee accused of insider trading
It is reported that the American Digital Chamber of Commerce is trying to prevent the United States Securities and Exchange Commission (SEC) from filing a laws…