Source: Cryptonews Tokenized financial assets are poised to achieve a market size of approximately $2 trillion by 2030, according to analysts at consulting firm McKinsey & Company. In a recent report, the analysts noted that while the adoption of tokenization has had a slow start, they anticipate significant growth in the coming years. They even… Continue reading Tokenized Assets to Reach $2 Trillion Market Size by 2030, McKinsey Predicts
Category: Market News
MetalCore Closed Beta 3 introduces NFTs and Web3 integration
Source: Cointelegraph MetalCore’s CB3 launches on June 27. It integrates NFTs and SHARDS, a new offchain currency, and aims to appeal to both Web2 and Web3 gamers. Studio369 has announced the launch of the third Closed Beta (CB3) for its massively multiplayer online game (MMO), MetalCore, set to begin on June 27. This beta phase… Continue reading MetalCore Closed Beta 3 introduces NFTs and Web3 integration
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
Source: CoinDesk The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific. Coatue Management is investing $150 million in crypto miner Hut 8 to build AI-related infrastructures. The deal benefited HUT’s shares as well as other bitcoin mining-related data-center stocks such as… Continue reading Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
Deutsche Bank and Northern Trust Launch Whitepaper to Explore the Road to Institutional DeFi
Source: Fintech Finance News Deutsche Bank and Northern Trust have collaborated to produce an industry whitepaper “The road to institutional DeFi”. The paper examines the evolution of decentralized finance (DeFi) and its driving forces, demystifies its frequently used terms and considers how it will shape the future for financial institutions. The evolution of DeFi and… Continue reading Deutsche Bank and Northern Trust Launch Whitepaper to Explore the Road to Institutional DeFi
Mt. Gox to Distribute Repayments in Bitcoin and Bitcoin Cash in July
Source: Cryptonews Mt. Gox, the Japanese Bitcoin exchange that suffered a notorious collapse in 2014, is to begin distributing repayments to its creditors in the form of Bitcoin and Bitcoin Cash starting in July. The collapse of Mt. Gox triggered years of legal proceedings and efforts to recover the lost assets. In 2018, approximately 200,000… Continue reading Mt. Gox to Distribute Repayments in Bitcoin and Bitcoin Cash in July
NexeraID & Galileo Protocol Partner to Enhance Compliance in RWA Tokenization
Source: Blockonomi NexeraID partners with Galileo Protocol to provide a secure and compliant onboarding solution for their tokenization marketplace TLDR NexeraID has partnered with Galileo Protocol to provide a secure and compliant onboarding solution for Galileo’s tokenization marketplace. The partnership aims to ensure regulatory compliance with MiCA regulations for Galileo Protocol’s new marketplace launch. NexeraID’s… Continue reading NexeraID & Galileo Protocol Partner to Enhance Compliance in RWA Tokenization
RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
Source: The Block The German real-world asset (RWA) tokenization platform Swarm Markets will let users buy NFTs, which represent gold ownership. After passing KYC and AML checks, users will be able to swap the NFTs on a peer-to-peer basis via Swarm’s decentralized platform. With a little more than one week before the EU’s Markets in… Continue reading RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
Japan telecoms giant creates AI filter that calms angry customer voices in call centres
Source: South China Morning Post Survey shows nearly half of staff harassed, get abusive language, threats, SoftBank works with Tokyo University, starts using technology next year We all know the frustration of not getting our queries dealt with by customer services, or being kept waiting too long. Some people take it out on the person… Continue reading Japan telecoms giant creates AI filter that calms angry customer voices in call centres
Nvidia signs deal to use its AI across the Middle East
Source: rthk News Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, said Ooredoo’s CEO. The agreement marks Nvidia’s first large-scale launch in a region to which Washington has curbed the export of sophisticated US chips. It will make… Continue reading Nvidia signs deal to use its AI across the Middle East
BitoGroup partners with Far Eastern International Bank to launch first crypto-friendly bank account
Source: Yahoo Finance BitoGroup has announced its partnership with Far Eastern International Bank to launch the world’s first dedicated crypto-friendly bank account. As cryptocurrency adoption by international institutions continues to grow, BitoGroup began serving financial institutions two years ago, becoming the first cryptocurrency exchange to form an alliance with financial institutions. This partnership promotes integration… Continue reading BitoGroup partners with Far Eastern International Bank to launch first crypto-friendly bank account
