Tag: Digital

Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept – Regulation Bitcoin News

boss

The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government is using the technology now,’” he opined. CZ Sees No Threat to Crypto Coming From CBDCs Binance CEO Changpeng Zhao (CZ) said Wednesday that he believes central bank digital currencies (CBDCs) are not a threat to cryptocurrencies, like bitcoin (BTC) and ether (ETH), Reuters reported. According…

Digital asset platform Bakkt set to acquire Apex Crypto for $200M

boss

Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at the closing of the deal. The transaction will likely be completed by the first half of 2023 and is subject to regulatory approvals.  Launched in 2019, Apex Crypto is a “turnkey platform” dedicated to integrated crypto trading, built with the intention of meeting the increasing demands of more…

UBS AG launches digital bond settled on blockchain and traditional exchanges

Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world’s first publicly traded and settled on both blockchain-based and traditional exchanges. According to the bank, the digital bond has the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note. In its statement, the bank said: “Through this bond, UBS enables investors, regardless of whether they have the blockchain infrastructure, to invest in a digital bond. This removes a hurdle on the way to adopt new disruptive…

Goldman Sachs creates digital asset taxonomy system for subscribing investors

boss

Goldman Sachs, MSCI and Coin Metrics announced on Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called “Datonomy” and is available by subscription from the three companies.  The new taxonomy divides the digital assets world into classes, sectors and subsectors according to their use to make it possible to view those assets in a more granular way, a Goldman Sachs spokesperson told CNBC. The system is intended…

Japan’s Digital Agency launches DAO to explore DAOs and Web3

boss

The Digital Agency of Japan, aimed at harmonizing nationwide initiatives related to digital transformation, has launched a research decentralized autonomous organization, or DAO, targeting Web3. In a Nov. 2 meeting, the Digital Agency said it had established a DAO in an effort to explore the “functions and roles” of DAOs. The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the U.S. state of Wyoming approving similar legislation in July 2021. According to the Digital Agency, it planned to investigate aspects…

UBS Prices First Bond to Be Listed, Settled on a Digital Exchange

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Goldman Teams With MSCI and Coin Metrics to Create Digital Asset Classification System

“The collaboration brings together MSCI’s expertise in critical decision support tools and services, Coin Metrics’ intelligence in the digital assets space, and Goldman Sachs’ innovative platforms paired with over 150 years of experience in financial markets to help solve this problem for clients,” Anne Marie Darling, Goldman Sach’s head of marquee client strategy and distribution, said in a statement. Source

Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World – Metaverse Bitcoin News

boss

The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies in order to create standards for an interconnected metaverse. The organization, formed by companies such as Animoca Brands, Dapper Labs, The Sandbox, and Unstoppable Domains, stated its objective was to achieve a decentralized, community-led, and user ownership-oriented open metaverse. Open Metaverse Alliance OMA3 Wants to Address the Isolated World Problem While the concept of the metaverse has grown to define a significant number of business models for the next years, there are inherent problems to its…

ZoidPay to Revolutionize the Web3 Landscape With $75M Investment Commitment From GEM Digital – Press release Bitcoin News

boss

press release A $75M financial commitment is set to establish ZoidPay as the go-to open architecture for building the next generation of Web 3.0 financial services. PRESS RELEASE. November 3, 2022, Bucharest, Romania — ZoidPay, the leading Web 3.0 architecture provider, has secured an investment commitment of $75M from digital asset investment firm GEM Digital Limited (“GEM”). The funding is aimed at developing the go-to open architecture for building the next generation of financial services, scaling the first on-demand Metaverse, facilitating the first-ever bank acquisition by a blockchain firm, and…