Tag: Digital

London Stock Exchange seeks digital assets director

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The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it’s seeking a director of digital assets.  LSEG says it is looking for candidates who have a “passion for and understanding of digital assets, cryptocurrencies and distributed ledger technology,” among other skills and requirements. According to the posting the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well…

SGKB announces partnership with SEBA Bank to offer digital asset custody, brokerage services

According to a Nov. 2 post on X, SEBA Bank has announced a new partnership with St. Galler Kantonalbank (SGKB) to offer users the chance to buy and trade cryptocurrencies like Bitcoin and Ether. SGKB is the fifth largest bank, with 35 branches in the eastern part of Switzerland. A major milestone As part of the announcement, the bank states that the initial group of clients to be served will consist of the bank’s wealth management customers, followed by retail customers and alongside plans to introduce additional coins and staking…

Marathon Digital Holdings enhances Bitcoin mining operations

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Marathon Digital Holdings reported a production of 1,202 Bitcoins in October, selling 961 to cover costs, with a remaining holding of 13,396 unrestricted BTC as of month-end. Marathon Digital Holdings, Inc., a major player in the Bitcoin mining sector, has shared a snapshot of its performance and ongoing developments for October 2023. In the latest update, the company detailed a slight increase in its energized hash rate, signaling continued growth in its mining capabilities. Fred Thiel, Marathon’s Chairman and CEO, noted a 1% rise in the energized hash rate, now…

Marathon Digital harnesses landfill methane for Bitcoin mining pilot in Utah

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Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah, according to a joint statement released on Nov. 2. The project will use methane gas from landfill waste to generate electricity which will be channeled towards BTC mining.  This initiative aims to tackle greenhouse gas emissions by employing renewable energy sources for its mining processes. According to the Environmental Protection Agency (EPA), municipal waste was responsible for 14.3% of methane emissions in the United States in…

Ripple to power Georgia’s central bank digital currency, the digital lari

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The National Bank of Georgia (NBG) has selected blockchain payments network Ripple Labs as the official technology partner for developing digital lari, its central bank digital currency (CBDC) project. Ripple said in a  statement that the partnership will encompass the implementation and deployment of the Digital Lari pilot initiative through the Ripple CBDC Platform. The National Bank of Georgia will utilize this innovative CBDC platform to evaluate potential applications of the Digital Lari, determining its advantages to the government sector, enterprises, and individual retail users. Before being designated as NBG’s technology partner, Ripple…

Marathon Digital will use landfill methane to mine Bitcoin in Utah pilot project

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Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah. Marathon teamed up with Nodal Power on the project. Nodal Power was launched in November 2022 and produces energy from landfill gas in the southeastern United States and Texas. It raised $13 million in a seed round in August to operate two sites, one of which includes a data center. A Nodal Power datacenter. Source: PRNewswire Marathon said in a statement that the project…

SNB Working With SIX Stock Exchange, 6 Banks on Wholesale Central Bank Digital Currency Pilot

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Visa completes digital Hong Kong dollar pilot test with local banks

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Payment processor Visa has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank. According to the November 1 announcement, the e-HKD Programme involves tokenization of deposits, where the money deposited with a bank is minted on the firm’s own blockchain ledger with the backing of its balance sheet. As part of its key findings, Visa wrote:  “The time to final settlement for an interbank transfer, as confirmed through our pilot’s testing between the banks, was near real-time. Tokenized deposits were…

Galaxy Digital and Invesco Bitcoin Spot ETF Join BlackRock On The DTCC

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In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website.  BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website, joining BlackRock’s spot Bitcoin ETF, which goes under the ticker ‘IBTC’ as uncertainty around a possible approval of these funds continues to heighten.  Source: DTCC website Many had speculated an approval was imminent when BlackRock’s…

65% of Spaniards aren’t interested in using digital euro

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As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project.  This emerges from the results of a survey published by the Bank of Spain entitled “Study on the habits in use of cash.” The survey was conducted by Ipsos on two groups, totaling 1,600 respondents: the general public and the representatives of small businesses. It also included questions on the digital euro, a potential pan-EU central bank digital currency…