Day: March 9, 2023

MATIC, SOL Fall to Lowest Point Since January – Market Updates Bitcoin News

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Polygon fell to its lowest point since January earlier in today’s session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Solana also slipped on Thursday, as the token neared a two-month low. Polygon (MATIC) Thursday saw polygon (MATIC) drop to its weakest point since January, as sentiment in the market remained bearish. Following a high of $1.11 on Wednesday, MATIC/USD moved to a bottom at $1.04 earlier in today’s session. The last time polygon traded at this level…

US REPO task force names crypto as target in efforts involving $58B in sanctioned assets

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The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions. In a March 9 announcement, the U.S. Treasury said the task force had blocked or frozen more than $58 billion worth of assets subject to sanctions since Russia’s military invaded Ukraine in February 2022. Members of the REPO team have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions. “As Russia’s war of aggression continues, REPO members remain determined…

Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on the Avalanche Blockchain

On the protocol, tokenized assets will be issued, securitized and structured into liquid pools, and investors can deploy algorithmic strategies to trade. As the usual steps of debt issuance such as liability matching, settlement, payment flows and price discovery are executed automatically by smart contracts, the process is faster and cheaper than in traditional markets, according to the protocol. Source

Amazon NFTs Will Be Linked to Real-Life Assets for Enhanced Customer Experience

Tech powerhouse Amazon plans to launch NFTs granting ownership of physical goods to improve customer experience and draw more shoppers. Amazon (NASDAQ: AMZN) is developing an initiative centered around its non-fungible tokens (NFTs) that would enhance customer experience. According to reports, the e-commerce giant seeks to tie NFT ownership to physical goods delivered to customers. This development marks a significant upgrade from Amazon’s initial efforts to launch a digital assets enterprise. The Amazon NFT platform could go live on April 24th, with the company looking to notify every Prime customer…

ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use – Bitcoin News

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Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to showcase the protocol’s progress. Contrary to Cambridge University Data, Analyst Says Bitcoin Mining Uses 52.6% Sustainable Energy These days, there is significant debate regarding the environmental impact of Bitcoin mining. On March 7, 2023, ESG analyst Daniel Batten tweeted about new ESG charts he helped design with Willy Woo that show Bitcoin’s progress toward using…

SWIFT moves to next phase of CBDC testing after positive results

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According to a statement on Mar. 9, bank messaging platform Society for Worldwide Interbank Financial Telecommunications, or SWIFT, disclosed that the financial institution witnessed positive results related to its pilot test of linking different central bank digital currencies (CBDCs). During a 12-week testing period, SWIFT simulated nearly 5,000 transactions between two different blockchain networks and existing fiat payment systems. Over 18 financial institutions worldwide participated in the study, including the Royal Bank of Canada, Banque de France, Société Générale, BNP Paribas, Monetary Authority of Singapore, HSBC, Deutsche Bundesbank, NatWest, and more.…