Tag: Digital

Goldman Sachs Digital Assets Lead Matthew McDermott Discusses the Institutional Embrace of Tokenization at Consensus 2024

AUSTIN, TX — Goldman Sachs, the 150-year-old investment bank, is getting deeper into crypto, according to the firm’s global head of digital assets, Mathew McDermott. The executive, a 19-year veteran of the bank, helped found its digital asset desk in 2021 and has since led efforts to introduce a suite of products and services including liquidity in cash-settled derivatives, options and futures crypto trading. Source

Nomura, Laser Digital and GMO Internet Partner to Explore the Issuance of Stablecoins in Japan

Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The partnership also contemplates the development of a platform to offer stablecoin issuance services to other companies. Nomura, […] Source CryptoX Portal

UK Digital Bank Blocks Clients From Performing Crypto Transactions

The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline Cryptocurrency-Related Bank Transfer Requests London-based digital bank Kroo has barred its customers from […] Source CryptoX Portal

Record-Breaking Inflows: Digital Assets Surge as Investment Products Hit New Highs

Digital asset investment products have experienced unprecedented inflows, totaling $1.05 billion this past week alone, pushing the year-to-date figures to a record $14.9 billion. This surge, highlighted in a recent Coinshares flows report, marks a continuous three-week rise, signaling strong investor confidence and a landmark year for digital assets. Bitcoin Leads Digital Asset Inflows Coinshares‘ […] Source CryptoX Portal

Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M

Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […] Source CryptoX Portal

BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules

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Bitcoin (BTC) Miner Marathon Digital (MARA) Signs Deal With Kenya to Invest in Green Energy Projects

Renewable energy is Kenya’s main power source, responsible for 80% of all electricity generation in 2022, with plans to increase its share to 100% by the end of the decade. However, renewable energy sources like solar and wind are intermittent, meaning that they don’t produce energy when most of the consumption happens. Infrastructure building for renewable energy is capital-intensive and requires a power management system to store and distribute energy properly. Source

DTCC Digital Head Nadine Chakar on Responsible Blockchain Building

I have a history of working at heavily-regulated financial institutions, which has given me expertise leading teams that can innovate in a responsible, transparent way that meets the highest regulatory standards. However, given my time as CEO of Securrency, I’ve witnessed the power of a fintech that can innovate quickly. This blend of experience between the traditional and the startup worlds has helped me, as a leader, to better understand how to strike the right balance between agile and responsible innovation. Source link