Tag: Digital

Cointelegraph 2023 Top 100 full list now mintable as digital collectibles

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Beginning March 20, folks across the crypto industry will be able to mint nonfungible tokens (NFTs) out of Cointelegraph’s 2023 Top 100. Cointelegraph unveiled its 2023 Top 100 list of the most impactful heroes and villains in the crypto and blockchain space in February. It was published in batches throughout the month, counting down to the top-ranked profile, with each entry including a bio and an animated picture. Check out Cointelegraph’s 2023 Top 100 and collect the profiles Over a seven-day period starting March 20, the profiles of everyone on…

Voyager Digital holds $725m despite liquidating millions of ethereum, SHIB

Voyager Digital holds $725m of various coins despite ongoing liquidations that started in September 2022. The lender’s balance follows a series of token transfers to other crypto firms to repay former clients in liquidation auctions.  Voyager Digital’s asset transfers The troubled cryptocurrency company has transferred 158k ethereum (ETH), 5.9t SHIB, 123m Voyager Tokens (VGX), 36m Polygon (MATIC), and 2m Chainlink (LINK). Following these transfers, Voyager now holds $725m of coins. The move has prompted industry analysts to speculate about the fate of Voyager Digital and its possible effects on the…

Russian Parliament Votes on Bill Opening Door for Digital Ruble – Finance Bitcoin News

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Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower house of Russian parliament, the State Duma, has adopted in the first reading a bill introducing legislative changes necessary for the realization of the digital ruble project. Most notably, it seeks to amend the law…

Marathon Digital (MARA) Shares Up 7% though Firm Reports Lower Q4 2022 Revenue

Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank. Embattled Bitcoin (BTC) mining firm, Marathon Digital Holdings Inc (NASDAQ: MARA) has released its performance report for the fourth quarter (Q4) of 2022 in which it unveiled a poorer-than-expected revenue. According to the firm, its revenue came in at $28.4 million, down by 58% from its year-ago record. Marathon Digital operates in a very strained market as the global economy, the high cost of energy, and the dwindling price of Bitcoin have largely kept…

Signum Digital scores approval to offer security tokens in Hong Kong

Signum Digital, a joint venture of Coinstreet and Somerley, has announced that it has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform. Security tokens are a new category of digital assets built on blockchain technology representing ownership of tangible assets, such as private equities, real estate, art and collectibles. By being linked to real-world assets, the tokens may lower risks for potential investors, facilitate research processes and provide a foundation for the market value of the investment…

Swiss Bankers Association proposes deposit tokens to develop digital economy

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The Swiss Bankers Association released a white paper on how Swiss banks can support the development of the country’s digital economy. A Swiss franc “joint” deposit token is the solution the group settled on.  Stablecoins have limited penetration in the Swiss financial system, even as end-to-end digitization is becoming more common in business models, and no Swiss stablecoins are accessible by the general public, the paper says. The authors of the paper suggest a variety of stablecoins — that is, a deposit token “issued by regulated and adequately supervised intermediaries”…

Judge’s Order for Binance.US Acquisition of Voyager Digital Reaffirmed

When the financial woes of FTX also lead to the exchange’s bankruptcy, the deal could not proceed, pitching Binance.US as the next major favorite to bail out the company. Judge Michael Wiles, the presiding Judge over the Binance.US and Voyager Digital acquisition case with the United States Securities and Exchange Commission (SEC) has reaffirmed his order for the deal to proceed. The Judge canceled the petition from the SEC to halt the proposed sale of the bankrupt crypto brokerage company to Binance.US on the grounds that such deals will be…

Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year – Bitcoin News

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Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases in Russia as Investors Seek Alternatives to Traditional Instruments Less than a year since Central Bank of Russia (CBR)-approved entities began issuing digital financial assets, these have issued DFAs for 2 billion rubles (over $26 million). The data was announced by Ekaterina…

Developed markets lagging behind in digital payments: BlackRock CEO

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The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.  The letter was published on March 15 and addressed various topics of interest to the firm over the last year, including digital assets. Fink highlighted the rising and sustained interest in these types of assets despite the FTX catastrophe. He said beyond the hype, “interesting developments” are happening in the space. He especially noted the “dramatic advances” in the digital…

European Parliament votes to form final law on EU digital wallet

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European lawmakers are moving forward with the introduction of a European Union-wide digital wallet by passing a plenary vote on moving the initiative to interinstitutional negotiations. The European Parliament on March 15 voted in favor of negotiating a mandate for talks with the EU member states on the revision of the new European Digital Identity (eID) framework, according to an official announcement. The plenary vote resulted in 418 votes in favor and 103 votes against the initiative, with 24 parliament members abstaining from the vote. Following the plenary’s endorsement, the…