Day: 20 June 2023

The Hong Kong government has released a study that highlighted the need for the region to catch up with its East Asian and Gulf counterparts in terms of web3 development. The study, titled "Development of Web 3.0 Technologies in Selected Places," also suggested using the insights gained to shape Hong ...

Deutsche Bank, Germany's largest bank, has taken a significant step into the world of crypto custody by applying for registration as a digital asset custody service provider.  This move comes as traditional financial institutions, including banks and asset management companies, increasingly recognize the potential of the digital asset sector. It ...

The European Investment Bank (EIB) has announced the launch of a blockchain-based digital bond supported by node infrastructure and incorporating environmental incentives.  This groundbreaking bond, known as the "Climate Awareness Bond," is denominated in Swedish krona and is now available for institutional investors to acquire. With a value of 1 ...

Alibaba Group Holding Limited has announced a significant leadership restructuring, with Joseph Tsai, an investor and crypto enthusiast, set to become the company's chairman.  Tsai, currently serving as the executive vice chairman and co-founder of Alibaba, will replace Daniel Zhang, the company's current CEO. As part of the restructuring, Eddie ...

John Deaton, a vocal pro-Ripple attorney, has spotlighted the potential effectiveness of the Safe Harbor concept in addressing the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple. Deaton believes that adopting this legal clause could have saved Ripple millions of dollars in legal fees and further ...

Binance has confirmed that it has commenced operating nodes on the Bitcoin Lightning Network. This move aligns with their strategic objective of integrating the Lightning Network to facilitate seamless deposits and withdrawals. On June 20, 2023, Binance confirmed this development in a tweet, responding to observant users who had noticed ...

Do Kwon, the CEO and co-founder of Terraform Labs, has been found guilty of forging documents by a Montenegro court. The court announced its decision today, sentencing Kwon to four months in prison. Furthermore, the court ordered the confiscation of Kwon's two Costa Rican passports, two Belgian passports, and two ...

A recent study conducted by financial research firm, Investment Trends, on behalf of the Australian Securities Exchange (ASX) has revealed a surprising trend among young Australian investors.  According to the study, approximately one-third of these young investors currently possess or have engaged in trading cryptocurrencies despite considering themselves more "risk ...