Tag: Digital

Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

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Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million. Marathon explained in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a 41% increase from Q4 2022. It comes on the back of the miner increasing its operational hash rate by 195% from Q1 2022. Marathon also recorded a monthly record of 825 BTC mined in March — currently valued at around…

SEB and Credit Agricole launch digital bond platform on blockchain

Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank have jointly launched a new digital bond platform called “so|bond.” The platform is built on blockchain technology and enables institutional clients to issue, trade and settle bonds digitally. The platform is set to provide a more efficient and secure process than traditional methods, enhancing the clients’ experience. The so|bond platform is designed to use a validation protocol called “Proof of Climate awaReness” to minimize its environmental footprint while incentivizing participating nodes to improve their environmental impact. Each node will be remunerated according…

SEB and Crédit Agricole CIB Launch Blockchain-based Digital Bonds Platform

The two banks also assure of plans to allow the platform to accommodate central bank digital currencies in the future. Earlier, Crédit Agricole CIB and SEB jointly announced the launch of a new public blockchain-based platform, so|bond. According to the announcement, the platform will be focused on improving the efficiency of issuing digital bonds, albeit with a little twist of sustainability. That is, while the network is not exactly fixated on green bonds, it still aims to be eco-friendly in its operations. To this end, the platform will look to…

European banks launch ‘sustainable’ blockchain platform for digital bonds

Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods. The platform, a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, is called so|bond. According to the announcement from April 3, the blockchain network will be using a validation protocol, Proof of Climate awaReness, minimizing its environmental footprint. The Proof of Climate awaReness protocol…

Digital Asset Tech Provider Metaco Secures Partnership With Liechtenstein Private Bank

VP Bank has tapped Metaco for its Harmonize platform, which it will use to expand its digital asset custody and tokenization services. The lender commenced its digital asset strategy in 2021, envisioning tokenization and custody of physical assets like jewels or paintings. Now it wishes to expand into supporting tokenized financial assets, as well as minting, burning and storing tokens. Source

TradFi Banks Team Up to Create Digital Bonds Trading Platform on Blockchain

The project joins others applying similar technology to conventional markets. In March, Brussels-based Euroclear said it may release a new platform for trading securities on a distributed ledger later this year. The banks’ statement didn’t say when the platform, named sobond, would start operating, and they hadn’t replied to an email seeking clarification by press time. Source

National Futures Association adds rules for members handling digital assets

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The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018. The NFA has “well over 100” members that engage in activities with digital asset commodities, but no way to address fraud or misconduct committed by those members, the organization explained to secretary of the Commodity Futures Trading Commission (CFTC) Christopher Kirkpatrick in a Feb. 28 letter as it submitted the proposed new rule for approval. The new rule is modelled…

A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push

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Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight.  Binance denies the claims, suggesting another court battle between crypto firms and U.S. regulators is just around the corner. On another front, Binance’s U.S. arm must wait to close its $1 billion deal for Voyager Digital’s assets until the Department of Justice…

South Korean National Assembly to Pass Digital Asset Law in April – Regulation Bitcoin News

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After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee’s first subcommittee, said the prospects of this happening were bolstered after members agreed to narrow their differences. Politicians Narrow Their Differences According to a Korean media report, the country’s National Assembly is now expected to pass the digital asset market regulation bill. As stated in the report, the passage of the bill by…

Avalanche launches initiative for digital artists, NFT creator protests Sotheby’s gender bias, and more

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In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem. Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital art and expand the collections of art-focused decentralized autonomous organizations (DAOs). Avaissance begins! The Avalanche Foundation is launching the Avaissance initiative to grow the #AVAX NFT ecosystem and support its budding artists. The program…