The purpose of AUDN would be to allow its customers to settle transactions on blockchain technology in real-time using Australian dollars, NAB said. AUDN could also be used for several other purposes including “carbon credit trading, overseas money transfers and repurchase agreements,” NAB’s Chief Innovation officer Howard Silby told AFR. Source
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure safety of clients’ assets,” the regulator described. Thai SEC’s New Crypto Rules Thailand’s Securities and Exchange Commission (SEC) announced Tuesday that it has issued new rules on the “management of digital wallets for custody of digital assets and keys.” The new regulations went into effect on Jan. 16. The…
The startup, formerly known as FQX, lets companies raise money through debt securities. Source
Crypto media outlet CoinDesk is reportedly considering a potential sale as its parent company Digital Currency Group (DCG) looks to strengthen its balance sheet. According to the Wall Street Journal, CoinDesk has sought the help of investment bankers from financial advisory firm Lazard, who are helping the firm weigh options including a full or partial sale. You know, I just realized that Coindesk is for sale. pic.twitter.com/QqmBPOClpu — Charles Hoskinson (@IOHK_Charles) January 19, 2023 DCG has purportedly received multiple offers exceeding $200 million to buy out the media firm over…
Place/Date: – January 19th, 2023 at 5:08 am UTC · 2 min read Source: Snowfall Protocol After a long bear market, the crypto market is finally showing signs of life and investors are taking notice. GMX (GMX) and Chiliz (CHZ) are two projects that have been gaining a lot of attention due to their innovative use of blockchain technology. Although, experts have identified Snowfall Protocol (SNW) as the most promising project in this space. Why Experts Are Bullish On Snowfall Protocol (SNW) Snowfall Protocol (SNW) is a multi-chain project that…
National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN stablecoin is aimed at streamlining cross-border remittances and carbon credit trading, according to a Jan. 18 report from the Australian Financial Review (AFR). NAB’s chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin on Ethereum — which is backed 1:1 by the Australian dollar (AUD) — was based on their belief that blockchain infrastructure…
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Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH could remains supported and might rise from the $1,500 support. Ethereum is correcting gains from the $1,600 and $1,580 resistance levels. The price is now trading below $1,550 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise again if it stays above the $1,500 support zone. Ethereum Price Remains…
The two-week-long Bitcoin (BTC) winning streak has finally come to an end after the cryptocurrency formed its first red candle on Jan. 18. The day prior, BTC was shaping up to match or even beat its November 2013 record of 15 consecutive days of positive price movement, the longest of such streaks in its history. While the record wasn’t beaten, Bitcoin did post the longest win streak since the 2013 record in a “ridiculous” run up according to some commentators on Twitter. #Bitcoin – One red daily candle doesn’t erase…
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase sharply in the future. Korean Regulator Developing Crypto Monitoring Tools South Korea’s Financial Supervisory Service (FSS) is planning to develop crypto monitoring tools and regularly inspect the risks associated with crypto assets, FSS Governor Lee Bok-hyun reportedly revealed Monday at a conference on the interconnectedness between…