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Blockchain

IMF: Regulations on Production & Legalizing Cryptocurrencies

Daniel Sharkey | February 25, 2023 | Leave a comment
IMF’s Opposition to Legalizing Cryptocurrency as a Tender IMF’s Pricise Action Plan IMF’s Opposition to Legalizing Cryptocurrency as a Tender On Friday, February 24th, the International Monetary Fund (IMF) warned its member nations against designating cryptocurrencies, i.e., BTC, as...
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Digital Asset Custody Services: DZ Bank Partners with Metaco

Daniel Sharkey | February 24, 2023 | Leave a comment
DZ Bank, the second-largest bank in Germany, has announced that it has chosen Metaco to provide its digital asset custody solutions. This move marks the fourth partnership between Metaco and major financial institutions in the last eight months. This...
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Tencent Cloud Forays Into Web3 With Ankr And Avalanche Deals

Daniel Sharkey | February 24, 2023 | Leave a comment
Tencent Cloud, a worldwide cloud service provider under China’s top internet firm Tencent Holdings, has voiced its interest towards Web3. The firm further substantiated its interest in Web3 by laying the groundwork for future collaborations with well-known Web3 brands...
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How Investors Can Navigate Increasing Regulatory Pressure

Daniel Sharkey | February 23, 2023 | Leave a comment
Last year has been a year of negative criticism and scandalous topics that has made the virtual asset industry attract attention from many federal agencies worldwide. Events include the collapse of major exchanges like FTX, the inside exchange scandals...
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USDT And USDC Stablecoins See Significant Rise Following BUSD Crash

Daniel Sharkey | February 23, 2023 | Leave a comment
The recent regulatory scrutiny of the stablecoin market has given rise to USDT’s dominance, with Circle’s USD Coin (USDC) recording more than $700 million in market valuation. However, the recent development comes after Paxos Trust announced that it had...
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Hong Kong New Licensing Regime To Allow Retail Crypto Trading

Daniel Sharkey | February 21, 2023 | Leave a comment
The Securities and Futures Commission (SFC) of Hong Kong has requested public input on its recently proposed licensing framework for cryptocurrency exchanges, which is scheduled to become operational in June 2023. The public has until March 31st to weigh...
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Transforming Trade Finance: Memento Blockchain & Deutsche Bank Successfully Conclude Project DAMA

Daniel Sharkey | February 21, 2023 | Leave a comment
Project DAMA Launches BLS Wallet and Nuvo’s Integration for Gasless Transactions in the Metis Ecosystem What are Gasless Transactions? Project DAMA Launches Project DAMA (Digital Assets Management Access) obtained the FSTI (Financial Sector Technology Innovation) POC (Proof of Concept)...
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Will Crypto Ever Redeem Itself?

Daniel Sharkey | February 21, 2023 | Leave a comment
With professional and organizational investors focusing on and the growing numbers of enterprises getting ready to allow across-the-border payments, it would seem that virtual assets are accessible in the financial mainstream, although still in a state of unpredictability. Interestingly,...
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OKX’s $8.6B in “Robust Deposits”: Analyzing Their Reserve Report

Daniel Sharkey | February 20, 2023 | Leave a comment
OKX “100%” Clean? Implications of Proof of Reserves in the Cryptocurrency Industry Exploring the Concept of “Clean Reserves” OKX “100%” Clean? The most recent reserve report from OKX indicates that the company has enough Tether (USDT), Bitcoin (BTC), and...
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A New Era of Scalability: Whales Bet on Polygon’s zkEVM for Enhanced Functionality & Reduced Costs

Daniel Sharkey | February 18, 2023 | Leave a comment
Realizing zkEVM’s Advantages for Ethereum DApps from MATIC Exploring the Bullrun Babes NFT Collection In preparation for the release of its eagerly anticipated zero-knowledge Ethereum Virtual Machine (zkEVM), the price of Polygon (MATIC) has significantly increased. Prices for Polygon...
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