XRP, TON Are Given Green Light by Dubai International Financial Centre (DIFC) for Legal Use
More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services.
Reports
Explore the latest reports on markets, business, finance, cryptocurrencies, and technology put together by Coinspeaker staff writers and partner companies
Standard Chartered Bank to Launch Crypto Custody Service in Dubai
Starting from the first quarter of 2024, the crypto custody service will be operated by Zodia Custody – the leading institution-first digital asset custodian by Standard Chartered.
Bitget Reveals Its Card Plans at Dubai’s Future Blockchain Summit
At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry.
China Launches Its First Industrial Park for Digital Yuan CBDC Development
By Darya Rudz
• 3 mins read
Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion.
UBS Pilots Tokenized VCC Fund in Singapore within Project Guardian
By Darya Rudz
• 3 mins read
The first transactions within the pilot included fund subscriptions and redemption of the tokenized fund represented as a smart contract. Notably, UBS used its own UBS Tokenize platform to conduct the transactions.
China’s Evergrande Group Files for Bankruptcy Protection in the US
By Darya Rudz
• 3 mins read
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court.
Binance to Shut Down Its Buy-and-Sell Service Binance Connect
By Darya Rudz
• 3 mins read
Binance has confirmed the news, stating it would shift its focus to its main products and long-term goals.
Russian President Vladimir Putin Signs Law on Digital Ruble
By Darya Rudz
• 3 mins read
The Bank of Russia has promised there will be no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. Similar to cash and non-cash rubles, the digital ruble will also have no expiry date.
US Congressman Warren Davidson: CBDC Corrupts Money into Tool for Coercion
By Darya Rudz
• 4 mins read
The US has been exploring CBDCs, but it has not yet determined whether it will pursue one. The possibility of a digital US dollar itself has provoked serious concerns in the country, with the community’s opinions on this matter divided.
Elon Musk Expanding His Ventures, Facing Scrutiny Over Governance Issues
By Darya Rudz
• 3 mins read
Investors are wondering if there will be a devaluation of the Tesla giant since Elon Musk’s initiatives might lead to competition between the EV maker and new ventures.
FSB Finalizes Global Regulatory Framework for Crypto
By Darya Rudz
• 3 mins read
The aim of FSB was to provide a regulatory framework that would comply with the principle of “same activity, same risk, same regulation” and cover all possible risks related to crypto activity.
Gemini, Kraken, and Bitstamp to Resume XRP Trading Following Court Ruling
By Darya Rudz
• 3 mins read
Exchanges that delisted XRP back in 2020 in the wake of the lawsuit filed by SEC are now exploring the opportinities for XRP relisting. Among them are Gemini exchange, Kraken exchange, and Bitstamp.
BlackRock Is Betting On AI, Calling It ‘Mega-Force’ That Will Drive Macro Trends
By Darya Rudz
• 3 mins read
According to BlackRock, the new macro regime is already offering a number of opportunities, all investors need to do is to be selective within asset classes and benefit from structural shifts, such as the rise of AI, decarbonization and the growth of private direct lending.
Ripple Gets In-Principle Regulatory Approval to Operate in Singapore
By Darya Rudz
• 3 mins read
The license will allow Ripple to provide better support to its “forward-looking customers”, as well as facilitate the process of building a “more inclusive and borderless financial system”.
Qualcomm Reports 17% Phone Chip Sales Fall in Q2 2023, QCOM Stock Tanks by 6% in Pre-market
By Darya Rudz
• 3 mins read
The company explained a 17-per cent drop in revenue by a tough macroeconomic environment and a “broad downturn” in the semiconductor sector.
The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
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