Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX release issued Sunday, Nov. 11. The report reveals the data on the trial that began in August, shortly after MAS and SGX had partnered with U.S. stock market Nasdaq, “big four” consulting …
A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s Crypto Trader. The comments came …
Advances in financial technology may be useful for improving the regulation of derivatives markets, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday. Speaking at the D.C. Fintech Week Conference at Georgetown University, Giancarlo highlighted distributed ledger technology (DLT) and how it could be leveraged to automate certain regulatory processes in particular, which he described as “quantitative regulation.” This …
Spanish banking giant BBVA has completed a pilot that put a syndicated loan for $150 million on the blockchain. According to a report from the Financial Times on Wednesday, the bank arranged the loan for Red Electrica, Spain’s national electrical grid operator. A syndicated loan is one, where a group of banks lends together to a single borrower. In this …
BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu …
Over the past three days, the volume of major cryptocurrencies and the rest of the crypto market has increased substantially, from around $10 billion to $13 billion. Bitcoin, in particular, has seen a large increase in volume from $3.1 billion to $4.3 billion within a week, by more than 40 percent. Led by the positive price movement of Bitcoin and …
The Abu Dhabi Securities Exchange (ADX) has issued a thought paper on cryptocurrency and blockchain infrastructure for issuing digital assets, reports the Emirati government news agency WAM Nov. 6. The document was reportedly issued in collaboration with the Central Securities Depositories and under the auspices of the International Securities Service Association, ISSA. In publishing the paper, the ADX seeks to …
A regulated cryptocurrency exchange in Japan has partnered with two companies to enable cryptocurrency payments for their businesses. Hinomaru Limousine has started accepting payments in cryptocurrencies for its airport taxi service while Carchs Holdings allows crypto payments at its used car dealerships. Airport Car Service by Hinomaru Bitpoint, one of Japan’s 16 regulated crypto exchanges, recently announced two business alliances …
Tuesday, Nov. 6: top cryptocurrencies have seen strong gains on the day, with Ripple (XRP) temporarily overtaking Ethereum (ETH) as the top altcoin by market capitalization. Market visualization from Coin360 Bitcoin (BTC) is up 0.3 percent over the last 24 hours, and is trading at around $6,447 as of press time. Having briefly dipped below $6,400 during the day, BTC …
XRP, the native cryptocurrency of the Ripple network, has surged by more than 12 percent over the last 24 hours. Cryptocurrency traders and technical analysts generally expect the positive price movement of XRP to continue in the short-term, given the sheer magnitude of the asset’s recent upward run. What Has Caused Ripple to Rally? Throughout the past week, Ripple has …
