Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. […] Source CryptoX Portal
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements. ICBC Sees Bitcoin as Digital Gold, Ethereum as […] Original
Deciding which tokens merit inclusion, and in what proportions, is a pivotal consideration. Despite the proliferation of thousands of cryptocurrencies, only a select few warrant inclusion in institutional portfolios. Bitcoin and Ethereum, as industry stalwarts, are indispensable. Additionally, tokens such as Solana (SOL) and Chainlink (LINK) should be considered, albeit with careful, active management to mitigate potential risks. This balanced approach ensures that investments in digital assets are both judicious and resilient. Original
Bitwala, a blockchain banking service based in Berlin, has entered into a partnership with Curve, a digital wallet provider. The partnership is aimed at integrating Bitwala’s services with Curve’s digital wallet. Users can add Bitwala to their Curve Wallet and avail a 1% cashback offer on their purchases for 30 days. The Curve card can […] Source CryptoX Portal
ECR, in particular, gained 15 seats last evening. 14 of those came from the party of the Italian Prime Minister, Georgia Meloni. She has been a much milder conservative than her election campaign might have suggested, recognizing the degree of cooperation needed with both Brussels and Washington DC in order to consolidate her power. Even so, formally working with the ECR might be a taboo for the mainstream parties. But collaboration on specific policy issues is now possible for the EPP, even if only used as a threat and a…
Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital assets is currently frozen. However, the company cannot predict when it will be able to recover and return these funds. FBI Involved […] Source CryptoX Portal
The West Reading, Pennsylvania-based company, which is owned by Customers Bancorp (CUBI), deals only in U.S. dollars and does not accept cryptocurrency or make loans to support crypto activities. It offers its clients, estimated at well over a hundred digital asset firms, a real-time blockchain-based payments platform called Customer Bank Instant Token (CBIT) that allows crypto clients to make U.S. dollar payments 24/7. Source
A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the “aspect of privacy in connection with the use of the digital euro as very important or […] Source CryptoX Portal
The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its […] Source CryptoX Portal
Hong Kong’s Securities and Futures Commission (SFC) reportedly says that nearly a dozen crypto exchanges are on the cusp of getting their trading licenses approved. The SFC’s website showed on June 1st that the 11 applicants, including the Singapore-based Crypto.com and the Hong Kong-based Bullish, are “deemed to be licensed,” according to a Bloomberg report. Hong Kong introduced new digital asset exchange regulations last year and set a June 1st deadline for crypto exchanges to obtain a virtual asset trading platform license or get the “deemed to be licensed” status.…