Switzerland’s Stock Exchange Gets Regulatory Approval To Launch Digital Bourse

Mountains Swiss Flag

SIX, Switzerland’s stock exchange, has revealed that it has received regulatory approval to launch its digital bourse. According to an announcement made on Friday, the Swiss Financial Market Supervision Authority greenlit the approval for the digital bourse, named SDX. SIX revealed that it had received two licenses from FINMA, Switzerland’s market’s watchdog, to begin operating a stock exchange and depository for blockchain-based securities. The firm released a statement stating, “This authorization enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger…

Read More

Cardano launches smart contracts after successful hard fork

Cardano hard fork

Cardano has completed its Alonzo hard fork to introduce Plutus-powered smart contract scripts. On Aug. 12, Cardano tweeted that the upgrade had been completed successfully at epoch 290, facilitating the creation and execution of smart contracts on the public blockchain for the first time. Despite celebrating the milestone, Cardano notes that it is still “early days for the project,” asserting that now is when “the mission truly begins” in a blog post published on the same day: Cardano has announced the completion of its Alonzo hard fork, ushering in its…

Read More

El Salvador Adopt Bitcoin as National Currency

Bitcoin El Salvador

El Salvador’s Bitcoin Law has officially come into effect three months after its parliament passed the historic vote. The Central American nation is now the first country to recognize Bitcoin (BTC) as legal tender. Tweeting earlier in the day, El Salvador President Nayib Bukele remarked “3 minutos para hacer historia — In 3 minutes, we make history.” However, day one of El Salvador’s Bitcoin experiment has been somewhat marred by server capacity errors suffered by the state-issued Chivo wallet. Addressing the situation, President Bukele remarked: “For a few moments it…

Read More

Twelve-year-old boy makes £290,000 selling whale art NFTs

whale art NFTs

Benyamin Ahmed taught himself how to create pixellated artwork by watching video tutorials. A 12-year-old boy has made around £290,000 selling whale art non-fungible tokens (NFTs). Benyamin Ahmed created and sold the digital artworks, which are called Weird Whales, after teaching himself how to create pixels by watching video tutorials during the summer holidays. “I made them to auction them off originally. It started as a learning experience but then just went viral on Twitter,” he told ITV News. The north London schoolboy has created 3,350 of the digital whale…

Read More

ECB Vice President States Crypto Should Be Regulated Like Other Assets

ECB cryptocurrencies

European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared his opinion about cryptocurrency regulation. ECB Vice President: Crypto Should Follow Same Laws as Other Assets Luis De Guindos, current Vice President of the ECB, stated he thinks crypto-assets should be regulated as any other asset in the market. De Guindos expressed…

Read More

Visa buys CryptoPunk, takes a step into the NFT market

CryptoPunk 7610

The NFT craze continues to attract people, as well as businesses in, with the most recent example of this being Visa’s own entry into the NFT space. The company just purchased CryptoPunk digital art, according to its announcement from earlier today, August 23rd. The multinational financial services giant spent around 50 Ethereum (ETH/USD) for a CryptoPunk NFT, and in doing so, it has once again proven its support for the digital currency sector. The company announced its acquisition of CryptoPunk #7610 in a recent Twitter post, noting that the transaction…

Read More

Bitpanda’s Valuation Hits $4.1B After Netting $263M in Series C Funding Round

bitpanda investment

Bitpanda, an Austrian crypto trading platform, has more than tripled its valuation in five months. Earlier today the platform was valued at $4.1 billion after its Series C funding round raised $263 million. Reportedly, Valar Ventures spearheaded this investment round alongside Alan Howard and REDO Ventures. Existing investors such as Leadblock Partners and Jump Capital also took part in the financing round. According to the report, Bitpanda was worth $1.2 billion after its private financing round in March 2021. At the time, the company had managed to net $170 million.…

Read More

Over $600 Million Stolen in Biggest Ever Cryptocurrency Theft

Poly Network hack

The largest hack in recorded history took place yesterday when attackers exploited a vulnerability that could change the “keeper role” of a blockchain contract and make any transaction such as a withdrawal, according to a Medium post by Poly Network. Poly Network, a platform that looks to connect different blockchains so that they can work together, confirmed that the vulnerability was due to the leakage of a keeper’s private key. In a tweet thread, SlowMist confirmed that over $610m was stolen. The security team has also confirmed that it “has…

Read More

Ethereum 2.0 Deposit Contract Reaches $20 Billion Worth of ETH

contract 0x00000000219ab540356cBB839Cbe05303d7705Fa

Ethereum 2.0, the much-awaited upgrade of the Ethereum network, received immense support from the ETH community since the official launch of Beacon Chain in December 2020. Etherscan.com, the block explorer and analytics platform for Ethereum, recently highlighted that the total value of the staked ETH under the deposit contract of ETH 2.0 has crossed the mark of $20 billion. Ethereum 2.0 deposit contract now has 6.59 million ETH, which is the highest level on record. During the first week of July 2021, ETH 2.0 deposit contract crossed 6 million coins…

Read More

Tether issues additional 1 billion USDT on the Tron network, signalling bullish period

Tether crypto billion

Tether, the largest stablecoin in the world has for some time had its dominance threatened after putting its money-printing on hold. Following multiple reports citing the challenges facing the operation of the stablecoin issuer, Tether has finally released 1 billion USDT on the Tron Network. This means the Tron Network has the largest USDT, boasting 53.5 percent of the 62.8 billion in circulation. As it stands, 32 billion USDT has been Issued on the Tron Network so far. This is followed by Ethereum with 30.9 billion USDT as an ERC-20…

Read More

Mastercard chooses 7 crypto startups for Start Path accelerator

startup mentor investment

International payments giant Mastercard continues focusing on the digital asset industry by welcoming a batch of major cryptocurrency startups in its fintech accelerator. The company announced Tuesday a new startup engagement program as part of Mastercard Start Path, an accelerator program for fintech startups, aiming to support companies working with digital assets, cryptocurrency and blockchain technology. The program has added seven new startups, including digital wallet and trading platform Uphold, crypto storage firm GK8, American investment platform Domain Money, blockchain oracle startup SupraOracles, blockchain infrastructure provider STACS, digital asset firm…

Read More

Bank of Korea selects Kakao’s blockchain arm for digital won tests

KAKAO crypto

The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng Daily reported Tuesday. The central bank announced that Ground X will participate in the South Korean CBDC project in cooperation with United States-based blockchain company ConsenSys as well as other Kakao affiliates like KakaoBank and Kakao…

Read More

Germany permits institutional funds to invest in crypto assets

crypto token

According to new policies from German regulators, institutional funds can now invest in cryptocurrencies. The new law, which was implemented at the beginning of the month, gives the German Spezial-AIF special funds the right to invest in digital assets. The regulation specifically applies to assets held in the specialized funds called Spezialfonds. Traditionally these special funds are open-ended, regulated investment funds limited to institutional investors, such as financial institutions, insurance companies, corporations, foundations, and churches, excluding the general population. Around 4,000 institutional funds with almost 2 trillion Euros in assets…

Read More

China’s Central Bank Shuts Down a Firm Providing Services for Crypto Transactions

China old town picture

China continues to reiterate its hostile stance against the cryptocurrency industry with another warning aimed at local companies. The People’s Bank of China has shut down a local firm suspected of providing various software services to cryptocurrency businesses. As it happened during previous negative actions, the price of bitcoin fell rapidly after the news broke. In the latest statement on the matter, China’s central bank has closed down a firm called Beijing Tongdao Cultural Development Co. because of suspicion that it provided software services to transactions involving digital assets. The…

Read More

Bitcoin Whales Accumulate 60,000 Bitcoins In A Day

Bitcoin whales

Bitcoin whales have resumed accumulating coins in what has turned out to be the biggest Bitcoin accumulation event in 2021. A number of Bitcoin whales addresses that currently hold a number of 100 to 10,000 bitcoins in their wallet accumulated over 60,000 bitcoins in a single day. Lately, Bitcoin has been sluggish in the market due to a high number of sell-offs and not enough people buying back in the coin. But over the past six weeks, the whale wallets have accumulated over 100k bitcoins. With over 60% of these…

Read More