Tag: Digital

Crypto Crunch: Why One of Britain’s Biggest Banks Is Saying No to Digital Assets

Starting June 27, Barclays will prohibit cryptocurrency transactions using Barclaycard credit cards, citing risks associated with purchasing cryptocurrencies. Barclays Cites Cryptocurrency Volatility Effective June 27, Barclays clients will no longer be able to conduct cryptocurrency transactions using Barclaycard credit cards. The bank stated it made this decision because “there are certain risks with purchasing crypto-currencies.” […] Source CryptoX Portal

Animoca Brands’ Flagship Project Moca Network to Launch L1 for Digital Identity

Moca Network, the identity ecosystem of Web3 investment giant Animoca Brands, is planning to introduce a layer-1 blockchain that will allow Web3 projects to identify and verify users without needing to rely on centralized platforms. Moca Chain will enable user data to be verified by applications across any blockchain, similar to the way single sign-in platforms such as Okta and Google Sign-In operate in the Web2 environment. The testnet is expected to start operating in the third quarter with the mainnet following by year-end, the Moca Foundation said in a…

Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin (OIL) Soars 400%

Iran’s politicians leaned in favor of blocking the strategically important Strait of Hormuz on Sunday in response to the U.S. military strikes on the Iranian nuclear facilities, according to Saeed Azimi, Tehran correspondent for France 24. “The MPs have unanimously reached this conclusion merely in a consultation capacity. The decision lies with the Supreme National Security Council,” Azimi said on X, responding to several media reports, including Al Arabia, that the Parliament has approved the closure. The Strait, a key global oil shipping route, accounts for one-fifth of the world’s…

Dollar-Free Future Accelerates as Putin and BRICS Bank Chief Discuss Digital Payment Platform

BRICS nations are accelerating a bold push to upend dollar dominance as Putin and the BRICS Bank leader discuss digital payment platforms and national currency systems reshaping global finance. Putin and BRICS Bank Head Discuss Payment Platform to Undercut Dollar Dominance As global economic blocs accelerate de-dollarization efforts and seek to reduce dependence on the […] Source CryptoX Portal

Arizona reconsiders Bitcoin reserve plan using forfeited digital assets

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Arizona lawmakers have voted to revive a bill that would expand the state’s forfeiture laws to include digital assets and establish a new Bitcoin reserve fund. Following a June 19 motion in the Senate, House Bill 2324 is headed back to the Arizona House of Representatives for reconsideration.  The measure, which had previously failed to pass the House on May 7, was brought back after a narrow 16-14 Senate vote.  Republican Senator Janae Shamp, one of the lawmakers who initially voted against the bill, filed the motion to reconsider.  It…

JPMorgan Files Service Mark to Expand Digital Asset and Blockchain Services

JPMorgan Chase has filed a service mark for “JPMD,” signaling an aggressive push into blockchain, digital assets, and decentralized finance infrastructure at institutional scale. JPMorgan Files Service Mark for JPMD in Strategic Blockchain and Digital Asset Expansion Plan JPMorgan Chase Bank submitted a service mark application on June 15 for the mark “JPMD,” signaling a […] Source CryptoX Portal

Davis Commodities Bets on Bitcoin in $30 Million Digital Assets Strategy

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Davis Commodities is pivoting into digital finance with a $30 million initiative, blending bitcoin reserves and real-world asset tokenization to modernize the global agricultural trading industry. Agricultural Giant Davis Commodities Unveils Digital Finance Push With $30 Million Bitcoin and Tokenization Strategy Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based leader in agricultural commodities trading, has announced […] Original

Shift to Digital Asset Tech Won’t Be Slow — Franklin Templeton CEO

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In an opinion piece published in Fortune, Franklin Templeton CEO Jenny Johnson wrote that the “advantages of blockchain are so compelling that we don’t foresee the shift to digital asset technology being slow or incremental,” echoing the growing positive sentiment some traditional finance institutions have toward crypto. “Indeed, we expect our industry will evolve more in the next five years than in the last 50,” Johnson said. “The pressing question is whether financial institutions will choose to embrace the digital asset wave (and the disruption coming with it), actively fight…

Kenya’s Crypto Tax Could Hinder Africa’s Digital Growth Opportunity.

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Opinion by: Chebet Kipingor, business operations manager at Busha As Kenya pushes forward with a revised 1.5% crypto transaction tax, it risks losing more than revenue — it could forfeit its regional fintech leadership, drive startups across borders, and fracture Africa’s digital economy before it can unify. Parliament is debating implementing the Digital Asset Tax (DAT) on every cryptocurrency transaction. While the intention to broaden the tax base is valid, the policy’s current form could deliver unintended consequences for Kenya and financial inclusion efforts across the continent. With over 450…