“Solv has built a trustless institutional DeFi platform integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain to bridge DeFi, CeFi and TradFi liquidity,” said Olivier Deng, global chief operating officer for the wholesale digital office at Nomura, in the press release. Source
“DCG has long stood out to me as the leading and most well-respected operator, investor, and backer of the brightest minds in the digital asset space,” Shifke said in a statement. “As the industry matures and digital assets continue to gain momentum from institutional stalwarts, I can’t think of a more exciting opportunity.” Source CryptoX Portal
The government in the Chinese city of Shanghai issued an implementation plan on July 31 for promoting the development of its urban blockchain digital infrastructure system in the time frame of 2023-2025, according to an update on the government’s webpage. The update says that the plans have been formulated in order to serve the “strategic goal” of Shanghai’s urban digital transformation, along with strengthening the application of blockchain in the economy, public service and urban governance. It reads that, “breakthroughs in blockchain core technology and standard system construction have been…
The British Museum, well-known for its vast assortment of global artwork and historical objects, has joined forces with The Sandbox, a reputable player in the crypto and metaverse scene. This announcement marks a new journey for the British Museum, marking its transition into digital experiences, an evolution increasingly being adopted by traditional cultural institutions. The British Museum, founded in 1753, has pledged to become a “museum of the world, for the world.” As the world becomes more digital, this mission becomes even more critical. By exploring digital platforms, the museum strives to apply this…
The Web3 ecosystem could become the next golden opportunity for digital marketers, with almost 200 companies already “thinking deeply” about how to utilize the Web3 tech stack. On July 25, Web3 marketing analytics firm Safary released a comprehensive report titled The Web3 Growth Landscape 2023. It noted that the 2010s were the “golden age of digital marketing” with Web2 growth seeing 150 marketing companies in 2011 increase to 11,000 in 2023. However, over the last three years, the digital marketing landscape has to a more privacy-centric environment. Therefore, marketers may…
When evaluating a crypto investment in this environment, it becomes crucial to investigate the project’s governance, risk and compliance (GRC) approach, especially with regard to fraud prevention. Due diligence should show a tech GRC program informed by U.S. Department of Justice (DOJ) guidelines and smart risk mitigations that reflect planning for what is ahead. By way of example, this includes: Source
For many, using the eNaira isn’t straightforward. In March, the central bank said the value of eNaira transactions up to that point in the year was 22 billion naira ($48 million at the time). The country has a $220 billion informal economy that thrives on cash and has too few merchants and little infrastructure for extensive eNaira use. Source
“People are out there wearing [vintage] and collecting it…young kids want to be authentic,” said Adler. “They don’t want a Hot Topic shirt, they want the original shirt, right? So we just saw this natural, really honest use case for the blockchain, and we just felt like the two could really go hand in hand.” Source
Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators. However, at least four of them are seen as potentially having a major impact on the industry (if passed) — given the attention from lawmakers and the crypto industry alike. Financial Innovation and Technology for the 21st Century Act This bill introduced on July 20, aims to create a solid process for determining if a digital asset is a commodity or security…
Russian President Vladimir Putin signed the digital ruble bill into law on July 24. President Vladimir Putin had given his official approval, signing the digital ruble bill into law, and thus, putting Russia on track with its central bank digital currency (CBDC) implementation plan. Based on an official governmental statement, the digital ruble law is set to come into operation from August 1, 2023, with all rules except for one due for enforcement. The one rule that was not immediately enforced pertained to amendments to multiple federal laws in Russia,…