In a significant leap towards the future of finance, the Bank of China's investment banking arm, BOCI, and Swiss banking giant UBS have come together to make a monumental move - the issuance of a fully digital tokenised security in Hong Kong. A first for a Chinese financial institution, this event marks the dawning of a new era in the financial sector, underscoring the transformative potential of blockchain technology and tokenised securities.
As it grapples with the ever-tightening leash of American crypto enforcement, Binance sets its sights on UK regulation, a significant pivot in its strategic blueprint. In a candid admission of the trying circumstances in the US market, Binance's top strategy executive concedes to the mounting difficulties that the crypto giant is facing.
The United Kingdom is taking a significant step towards regulating cryptocurrency by banning free promotional NFT and crypto airdrops that encourage investment. The Financial Conduct Authority (FCA) has announced that the new rules are set to come into effect on October 8, 2023.
Attorney Kyle Roche has withdrawn from cases against Bitfinex and Tether. The CEO of Ava Labs denied there was anything unusual about the company's relationship with Roche, despite a video that was leaked.
Avalanche, a popular Layer 1 blockchain, has announced new support for native Bitcoin (BTC) through its bridge solution built on its cryptocurrency wallet Core. As a result, in the past 24 hours, AVAX has outperformed major digital assets such as Bitcoin and Ethereum.
According to sources familiar with the matter, Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a second round of funding. According to the new valuation, it would rank among the world's most highly valued crypto startups.
Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics -- this time around Emin Gün Sirer, the founder and CEO of Avalanche's Avalabs. Cardano's DeFi ecosystem has been criticized for its slow pace of growth, as reflected in its TVL.
UST stablecoins were used to buy $100 million in AVAX by the Luna Foundation Guard. Terraform Labs exchanged an additional $100 million in LUNA for the AVAX equivalent.
Blockchain technology and artificial intelligence (AI) are two disruptive technologies that are changing the business landscape. The two technologies that have matured and gained market traction since the Bitcoin white paper was published in 2008. The rise of ChatGPT has been spectacular, the tool amassed a million users in only five days, setting a new record for the fastest-growing user base in the history of consumer applications. However, behind the scenes, a more robust data infrastructure is required to enable the meaningful rise of AI.