“Unlike other enterprise blockchain projects, we haven’t missed a deadline to date with ASX,” said Yuval Rooz, Digital Asset’s CEO, who succeeded Masters. Industry-wide testing of the new ASX system starts in Q1 of next year, a process which could take about a year, said Rooz. Source If You Liked This Article Click To Share 35MAssetAustraliasBacksDigitalDLTExchangeStockSurvivor CryptoX Portal
Notably, Shyft has not announced virtual asset service providers like Binance and Bitfinex – the actual target of the FATF travel rule – as partners at the time of publication. Joseph Weinberg, Co-founder of Shyft, hinted in an email statement that exchanges are indeed assisting in the product set to launch alongside the Shyft mainnet early next year. Source
Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin (BTC) fund, the Napoleon Bitcoin Fund. The company announced in a press release that the fund was created on Nov. 8 and is a specialized professional fund under French law. The company claims that its product is one of the first regulated vehicles giving exposure to Bitcoin’s price movements. The product — with daily liquidity — aims to provide portfolio diversification to institutional and professional investors. The fund replicate the performance of futures listed on the Chicago…
While hype surrounding crypto certainly helped drive consumer interest, funding, and innovation in the past, it has also perhaps overshadowed some of the hard business uses to which blockchain is uniquely suited. These advantages include immutability. Blockchain can readily digitize the paper processes once relied upon to share information up and down supply chains. In the longer term, the technology can even make it possible to exchange value between participants where an efficient market maker does not yet exist, for example with carbon credits or cross-border remittances, areas of commerce…
Giving testimony on the oversight of his agency before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, Clayton honed in on its regulation of the crypto and blockchain space, saying the SEC has been dedicating “a significant amount of attention and resources on digital assets.”. Source CryptoX Portal
Giving testimony on the oversight of his agency before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, Clayton honed in on its regulation of the crypto and blockchain space, saying the SEC has been dedicating “a significant amount of attention and resources on digital assets.” Source
Napoleon AM, a France-based asset management company, has launched a new cryptocurrency fund dubbed the “Napoleon Bitcoin Fund” tied to the cash-settled Bitcoin futures offered by the Chicago Mercantile Group (CME). As per the report by French publication Les Echos, this is the country’s first fully-regulated cryptocurrency fund. Last week since December 6, the crypto fund is available for trading for France-based professional investors. Note that the fund is local to France only and cannot be traded cross-border. Specifically targeted for institutional investors, the Napoleon Bitcoin Fund has a minimum…
China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director at the China Securities Regulatory Commission’s (CSRC) first technology supervision department, Beijing-based media outlet Caijing reports Dec. 11. Yao was the first director of the PBoC’s Digital Currency Research Institute As reported, Yao is now working as general manager at China Securities Depository…
JPMorgan Chase, one of the largest global banking corporations based in the United States, has reached worldwide influence with its blockchain-powered Interbank Information Network, a service that allows banks to share information fast and easily. The Director of Financial Sales Corporation Daizaburo Arai, based in the Tokyo branch of the company, said that the service is functional in Europe, the US and Asia across multitudinous financial institutions as Japanese banks have started showing a growing interest in participating in the network. Japan, although not yet a participant, will begin operations…
BitPay, a leading bitcoin (BTC) and altcoins payments processor established in May 2011, has added support for top stablecoins including Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX). With this significant development, merchants can now receive stablecoin payments for their goods and services without having to worry about Bitcoin price fluctuations, according to a press release on December 10, 2019. Stablecoins Now Live on BitPay In a bid to make it possible for consumers to enjoy the speed, flexibility and borderless features that come with…