Tag: Digital

Proof Reveals Artists Behind Grails III NFT Release, Urging Collectors to Appreciate Digital Art Over Hype

Proof’s Grails III is the third iteration of its mystery NFT compilation series. In February 2022, Grails I dropped, with work from entrepreneur Gary Vaynerchuk, CryptoPunks and Meebits creator Larva Labs and generative artist Tyler Hobbs. The next edition, Grails II, was released in August and featured works from Art Blocks founder Erick Calderon, Pussy Riot co-founder Nadya Tolokonnikova and generative artist Refik Anadol. Source

German Stock Exchange Boerse Stuttgart’s Digital Business Gets New Boost

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Boerse Stuttgart, Germany’s second largest stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a…

‘LEAKED BIDS’ — Binance, Galaxy Digital among secret bidders for Celsius assets

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At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong.  Fong, a follower of Celsius developments who shot to fame after several exclusive interviews with Sam Bankman-Fried following its collapse, has leaked information from documents she says were obtained on Dec. 20 “detailing the bids on Celsius Network’s crypto assets.” In a Substack post, Fong explained that she initially refrained from leaking the bids to avoid disrupting the bidding process…

ISDA releases standard definitions for digital asset derivatives

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The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26.  The initiative was motivated by the collapse of crypto exchange FTX and previous bankruptcy cases that “prompted a cascade of liquidity and solvency concerns across the crypto ecosystem.” Along with other things, the papers will offer guidance for market participants regarding crypto ownership and the role of intermediates in the event of bankruptcy.…

Brevan Howard Hires Dragonfly Capital Veteran as Digital Portfolio Manager

Hu joined Dragonfly Capital, a crypto-focused investment banking firm, in 2019 as a general partner and head of liquid strategy. He previously spent three years as an associate at BlackRock with the Alternative Investment Group. In April, Dragonfly closed its third fund, with $650 million in committed capital to invest in blockchain and crypto companies creating “new digital economies.” The same month, Brevan Howard participated in the $70 million funding round for Bitcoin protocol Lightning Labs. Source

White House science office calls for comments on its digital asset research agenda

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The administration of United States President Joe Biden is continuing to deveits National Digital Assets Research and Development Agenda. In a request for information (RFI) dated Jan. 26 and previewed by the Federal Register, the White House Office of Science and Technology Policy (OSTP) invites comments to help it identify agenda priorities. Individuals and organizations may submit comments of no more than 10 pages in length by March 23.  The White House announced the creation of the agenda in September, after the unveiling of the “first-ever” Comprehensive Framework for Responsible Development of…

UK Bitcoin community reacts to incoming CBDC and digital pound rollout

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The UK Government’s economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as “Important, complex, and cross-cutting” and will “require extensive engagement across and beyond the HM Treasury.” According to the Linkedin post, the Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. The role of the Head of CBDC may bring the UK government closer to its…

UK Treasury Looking for CBDC Head to Develop Digital Pound

The expert will work on delivering the strategic goals of the UK Treasury within its CBDC ambitions, lead the expanding CBDC team, analyze CBDC policy issues, as well as represent and advance the Treasury’s interests in international engagement on CBDC.  The UK Treasury has opened a vacancy for a Head of Central Bank Digital Currency (CBDC) to explore the use of the digital pound. The job description on LinkedIn reads: “The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a UK central bank digital currency…

Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

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Australian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in the now-bankrupt FTX crypto exchange. On Jan. 24 local time, Digital Surge creditors approved a five-year bailout plan, which aims to eventually refund its 22,545 customers who had their digital assets frozen on the platform since Nov. 16, while allowing the exchange to continue operating. The rescue plan was first floated to customers by the exchanges’ directors via email on Dec. 8, the same day the company fell…