Last month, CoinDesk reported that KfW, the largest development bank in Germany, teamed up with Boerse Stuttgart Digital (BSD) in preparation for a digital bond issuance. Italy’s state-owned development bank Cassa Depositi e Prestiti SpA (CDP) and lender Intesa Sanpaolo also completed a bond issuance on Polygon in July. Both issuances were part of ECB trials. Source link
An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth ~$6.5 million) to Tornado Cash…” Source: PeckShield/X The stolen ETH was part of the July 18th hack of WazirX, which resulted in the theft of more than $230 million in digital assets. Blockchain tracking firm…
The agency’s current form, the primary application companies must fill out to register securities in the U.S., does not do justice to digital assets and other unusual financial products, Uyeda said. The regulator has not done enough for digital asset products looking to register in the country, he said. Source
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital Assets Qatar has launched a comprehensive framework for creating and regulating […] Source CryptoX Portal
“The positioning of digital assets within institutional portfolios has been focused on trading of cryptocurrencies, with bitcoin and ether representing the largest investment avenues,” the report reads. “But institutional investors are exhibiting greater optimism around digital assets, encouraged by the expanding availability of a wider range of investment vehicles that take them beyond just cryptocurrencies.” Source
Nishant Sharma, founder of BlocksBridge Consulting, a research and communications firm dedicated to the mining industry, agrees with Marathon’s BTC accumulation strategy. “With bitcoin mining hashprice at record lows, companies must either diversify into non-crypto revenue streams like [artificial intelligence or high-performance computing] or double down on bitcoin to capture investor excitement around an anticipated crypto bull market, similar to MicroStrategy’s approach,” he said. Source
“The media coverage of Meta’s moderation efforts has been particularly negative for most of its history. Interestingly enough, Meta was also the first social media company to have reached a trillion-dollar-plus valuation,” he continued. “Telegram will likely have to go through similar growth stages before it surpasses legacy platforms.” Source
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital […] Source CryptoX Portal
As the U.S. election approaches, political polarization is once again front and center. The country remains deeply divided, with the electorate split nearly 50/50 along party lines. The presidential race is shaping up to be too-close-to-call, especially with the recent resurgence of the Democratic ticket. The outcome will have significant implications for the future of the digital asset industry. Which raises an important question: Is the cryptocurrency sector influential enough to sway the election? Source
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] Original