Tag: Digital

Bitcoin drives digital asset inflows for the first time in 6 weeks: Report

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Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with inflows in the amount of $20.4 million for the week. Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill. This week inflows: US$21m (after 6 weeks of outflows) We believe these inflows are a reaction to a combination of positive price momentum, fears…

Nomura’s Crypto Subsidiary Laser Digital Expands into Japan with New Office

Laser Digital has been gradually expanding its array of services. In September, it unveiled a “long-only” Bitcoin exposure fund for its institutional clients called the Bitcoin Adoption Fund. Laser Digital, the digital asset arm of Japanese financial services giant Nomura, has opened a new office in Tokyo. The move is part of the Switzerland-based firm’s plan to expand its presence in the Far East. In an October 2 press release, Laser Digital has also announced the appointment of Hideaki Kudo as a Representative Director and head of its new base.…

Congress Can’t Let Gary Gensler Regulate Digital Assets Out of Existence

Despite the boom in blockchain technology and digital assets, bureaucrats like Securities and Exchange Commission (SEC) Chairman Gary Gensler want to stifle their development in the United States through unlawful, overbearing regulations based on a misguided approach that lacks understanding of their potential. Thankfully, the courts have slapped down Gensler’s attempts to drive digital assets out of the U.S. economy. Now, Congress must act to ensure Gensler and the SEC are kept at bay. Source

Brazil Rolls Out National Digital ID Powered By Blockchain

Brazil is at the forefront of a new era in digital identity verification, leveraging blockchain technology to revolutionize their identification systems. This strategic move is driven by the pursuit of enhanced security, efficiency, and streamlined processes for their respective populations. In Brazil, the government has unveiled plans to integrate blockchain technology into its national identity program, with Rio de Janeiro, Goiás, and Paraná taking the lead in this pioneering initiative. Serpro, Brazil’s national data processing service, is spearheading the development of a private blockchain platform that will underpin the revenue…

Brazil rolls out blockchain-based digital ID

Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced. Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain through a private blockchain developed by Serpro, Brazil’s national data processing service. The entire country should be able to issue identity documents through blockchain technology by November 6, reads a decree on Sept. 25. According to Alexandre Amorim, president of Serpro, the immutability and decentralization of blockchain made it an ideal technology for the country’s digital identification…

Buenos Aires to issue blockchain-based digital ID

Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city’s 15 million residents can access identity documents via a digital wallet, according to an announcement on Sept. 28.  The first documents to be available on-chain include birth and marriage certificates, along with proof of income and academic verification. The announcement notes that health data and payment management will be integrated in the future, and that a roadmap for rolling out the blockchain-based solution across the country will…

11 things to do when considering adding digital assets

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As digital asset options continue to gain attention and acceptance from investors, traditional financial institutions may be considering adding digital assets to their offerings and/or portfolios. As with any other industry, “standing still” isn’t an option in the financial sector, and tapping into the potential of digital assets can help TradFi organizations tap into an enthusiastic and growing new customer base. Further, adding digital assets can diversify a traditional portfolio, offering a hedge against market downturns. However, any upside achieved from being viewed as an innovative early adopter can quickly…

Buenos Aires Releases Blockchain Digital Identity Solution Powered by Matter Labs’ ZK Proofs

“With this development, Buenos Aires becomes the first city in Latin America, and one of the first in the world, to integrate and promote this new technology and set the standard for how other countries in the region should use blockchain technology for the benefit of their people,” Diego Fernandez, secretary of innovation for the Buenos Aires City Government, said in the release. Source link

Marathon Digital Mines Invalid Bitcoin Block Amid Heightened BTC Volatility

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MARA Pool, the Bitcoin mining pool operated by the publicly listed Marathon Digital Holdings, had a transaction ordering issue on September 27 after it mined an invalid block at block height 809478. The invalid block was first picked by an X user, “0xB10C”, before Jameson Lopp, the CTO of Casa, a Bitcoin-focused company, later confirmed it. Lopp scanned his node and noted that MARA Pool had spent an output before it was created, validating a double-spent transaction.  Bitcoin transaction ordering| Source: 0xB10C on X Marathon Digital Mined An Invalid Block In Bitcoin,…

Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi

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The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets, according to an ADGM communication on Sept. 26.  Laser Digital can receive full Financial Services Permission to operate after fulfilling conditions specified in the current approval. Those conditions were not specified in the communication. Laser Digital CEO Jez Mohideen said of the ADGM in the communication: “Their comprehensive and clear regulatory framework is creating a global…