Tag: Report

Ripple debuts crypto custody solutions to support banks in managing crypto: report

Ripple is entering the custodian space, unveiling a range of new services to assist financial institutions in managing crypto for their clients. According to a CNBC report on Oct. 10, the San Francisco-based blockchain firm wants to position its recently formed Ripple Custody division as a new player in the growing crypto custody market. The new offerings reportedly include pre-configured operational and policy settings, integration with Ripple’s XRP Ledger platform, and tools for monitoring anti-money laundering risks to ensure regulatory compliance. In a bid to enhance its custody capabilities, Ripple…

State Street Works on Tokenized Bonds and Money Market Funds, Has No ‘Current Plans’ of Stablecoin Project: Report

Traditional finance heavyweights and global banks are getting increasingly involved in the tokenization of traditional financial instruments, or real-world assets (RWA), placing bonds, funds, credit or commodities onto blockchain rails. The process promises operational benefits such as increased efficiency, faster and around-the-clock settlements and lower administrative costs. Source

Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report

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Este artículo también está disponible en español. According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status. Related Reading The second largest digital asset by reported market cap had a 30-day annualized inflation rate of approximately 0.74%, a level…

UK Finance Publishes Report on Successful Regulated Liability Network

The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states that UK regulation is versatile enough to support the network’s operations. UK Finance Concludes Experimentation Phase of Regulated […] Source CryptoX Portal

Crypto Exchange Bithumb Considering Public Listing on Nasdaq: Report

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South Korean crypto exchange Bithumb is reportedly telling shareholders that it is mulling a U.S. stock exchange listing. According to local outlet DNews, Bithumb told shareholders on Monday that South Korea’s second-largest crypto exchange by trading volume is mulling a Nasdaq listing. The exchange reportedly considered a similar move late last year for the Korean Nasdaq equivalent Kosdaq. At the time, it was reported that the IPO was geared toward increasing the firm’s market share to catch up to its top domestic competitor, Upbit. While Bithumb is the 18th-largest crypto…

Japan Plans to Review the Effectiveness of Its Crypto Rules: Report

Nations around the world have been looking to clarify their approach to crypto. The U.K. decided to make crypto a regulated activity last year and bring the sector under its financial services rules, Europe created bespoke rules for the crypto sector known as the Markets in Crypto Assets rules, while, South Africa recently opened up its licensing regime for the sector. Source

South Korean Cryptocurrency Exchange Bithumb Weighs U.S. Nasdaq Listing: Report

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Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report

Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes two major exchange hacks, WazirX in July 2024, and BingX in September 2024, which collectively accounted for 69.5% of all funds lost in Q3 2024, totalling $287 million. Notably, both WazirX and BingX are centralized exchanges, and…