These instruments are just the start, though. The next generation of tokenized assets will include offerings like bonds and equities. In time, real-world assets such as art and automobiles, commodities, and fine wines will be traded on-chain. In fact, it’s already happening, with use cases including fractional ownership of classic artworks. Source FinancialInnovationWave CryptoX Portal
London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors’ demand. The service is expected to be first rolled out in Abu Dhabi, United Arab Emirates, by its new arm in the country, Copper Securities. The company is reportedly in the process of securing regulatory approval from local authorities. Copper plans to use blockchain technology to provide securities financing and other payment solutions…
On-chain data shows that a Chainlink signal that last preceded a 31% rally for the asset’s price has just reversed. Chainlink Age Consumed Metric Has Observed A Sharp Spike Recently According to data from the on-chain analytics firm Santiment, LINK has recently seen a significant movement from old coins. The relevant indicator here is the “Age Consumed,” which tells us whether the dormant Chainlink tokens are on the move or not right now. When the indicator’s value registers a large spike, it’s a sign that the blockchain is currently observing…
Digital-asset markets are heating up, especially for blockchain tokens. In this week’s Protocol issue, we highlight November’s 19% jump in the CoinDesk Smart Contract Platforms Index (SMT), the biggest gain in 10 months. Source
The exchange’s new CEO, Richard Teng, who succeeded founder Changpeng “CZ” Zhao earlier this month as part of a $4.3 billion settlement with the U.S., recently wrote in a blog post that he is committed to working with regulators and ensuring that the exchange complies with American laws. Source
Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations. BTC/USD 1-hour chart. Source: TradingView GDP sets tone for macro-sensitive crypto Data from Cointelegraph Markets Pro and TradingView followed a familiar BTC price retracement on short timeframes. Bitcoin bulls had managed to propel the market above $38,000 the day prior, only to flip flop around that level before ultimately dropping as U.S. macro data hit. This showed Q3 GDP accelerating beyond anticipated levels, coming in at 5.2% versus 4.9%, respectively.…
CryptoX – Cryptocurrency Analysis and News Portal “Working with companies like IOTA, ADGM aims to move towards a future characterized by setting global benchmarks in the ever-evolving blockchain and Web3 landscape,” Hamad Sayah Al Mazrouei, CEO of the Registration Authority of ADGM, said in a statement. Source The post IOTA Price Rallies 43% on Abu Dhabi Foundation Registration to Expand in the Middle East appeared first on CryptoX. CryptoX Portal
When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720 Publisher NFTs brought in 538,560 EDU tokens in total. That is approximately $315,517, at the time of sale. The sale follows a November 2022 announcement when Animoca revealed that it had sold out of the…
Germany’s Bitcoin Group is implementing improvements to its internal control system following BaFin’s directive to its subsidiary futurum bank to address deficiencies in anti-money laundering and counter-terrorist financing measures. Germany’s Bitcoin Group is under scrutiny by the financial regulator BaFin, which has highlighted significant shortcomings in its subsidiary Futurum Bank’s anti-money laundering and counter-terrorist financing measures. The regulatory intervention underscores the increasing focus on compliance within the cryptocurrency sector, especially in relation to financial misconduct. Bitcoin Group has acknowledged the regulator’s concerns, emphasizing its commitment to addressing these issues. The…
The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India. Polygon cofounder Sandeep Nailwal has shared a few updates the Polygon community should expect as the year comes to an end. In a post on X (formerly Twitter), Nailwal promised the community “exciting days ahead”. Polygon fam, as we approach the year end, some exciting days ahead for us. Save the dates. 7/12/23 : At Polygon Connect, We bring in an inflection point in the history of blockchains in India…