Source: Macau Business Venom Blockchain and United Network have joined their strengths to create a revolutionary blockchain-powered payment infrastructure in a groundbreaking move that could redefine the future of global payments. This unique partnership aims to harness the speed and security of blockchain to transform the use of Central Bank Digital Currencies (CBDCs) and stablecoins.… Continue reading Venom Blockchain and United Network Forge Strategic Partnership to Power Next-Generation Payment Systems
Category: Press Releases
APAC nations move on digital transformation, but at varying speeds
Source: Biometric Update Leaders roll out programs and timelines as ‘digital government’ becomes redundant Governments in the Asia-Pacific region are on trend in pursuing digital transformation initiatives, according to new analysis from Gartner naming digital identity ecosystems and adaptive security among the top five government technology trends for 2024. In Sri Lanka, Indonesia, Malaysia, the… Continue reading APAC nations move on digital transformation, but at varying speeds
Hedera’s HBAR Doubles on Misinterpretation of BlackRock Announcement, Then Falls 25%
Source: CoinDesk The market gave back some of its earlier gains after realizing BlackRock wasn’t directly involved in the tokenization on Hedera’s blockchain. Hedera’s HBAR token rallied Tuesday after a foundation supporting the project announced that BlackRock’s U.S. Treasury money market fund had been tokenized on the Hedera blockchain. The token gave back some of… Continue reading Hedera’s HBAR Doubles on Misinterpretation of BlackRock Announcement, Then Falls 25%
Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’
Source: Cointelegraph The Blockchain Association and a Texas-based crypto activist group are suing the SEC over its controversial “Dealer Rule” expansion, arguing it threatens the digital asset industry and innovation. The Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) revealed a new lawsuit against the United States Securities and Exchange Commission (SEC)… Continue reading Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’
Thailand to Block Access to ‘Unauthorized’ Crypto Platforms
Source: CoinDesk The Thai SEC cited earlier decisions by nations like India and the Philippines in blocking unauthorized platforms. Thai authorities have decided to block “unauthorized” crypto platforms. The authorities have not named the entities they see as unauthorized, but have asked users to quickly withdraw their assets. Authorities in Thailand have decided to block… Continue reading Thailand to Block Access to ‘Unauthorized’ Crypto Platforms
Billionaire Mark Cuban Issues Post-Halving Bitcoin Warning Amid ‘Unprecedented’ Crypto Fee Price ‘Chaos’
Source: Forbes BitcoinBTC 0.0% has successfully completed its fourth halving supply cut—coming as one legendary billionaire predicts “rapid, cataclysmic” U.S. collapse. The bitcoin price has so far defied warnings that the bitcoin halving could trigger a “raging fire sale,” bouncing back from under $60,000 per bitcoin this week to around $65,000. Now, bitcoin miners and… Continue reading Billionaire Mark Cuban Issues Post-Halving Bitcoin Warning Amid ‘Unprecedented’ Crypto Fee Price ‘Chaos’
Investors Fret Over Interest Rates: Digital Asset Outflows Hit $206M
Source: CryptoPotato Digital asset investment products recorded $206 million in the past week. Bitcoin halving concerns triggered the 11th consecutive week of outflows from the blockchain equities. According to data compiled by CoinShares, blockchain equities experienced $9 million in withdrawals as investors worried about halving the impact on mining companies because it can affect their… Continue reading Investors Fret Over Interest Rates: Digital Asset Outflows Hit $206M
IRS Releases Draft Tax Form for Digital Assets – Expert Raises ‘Major Privacy and Security Concerns’
Source: Bitcoin News The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such… Continue reading IRS Releases Draft Tax Form for Digital Assets – Expert Raises ‘Major Privacy and Security Concerns’
Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent
Source: Cointelegraph The team’s first game, PlanetQuest, has reportedly onboarded over 200,000 NFT holders. A team of Hollywood and gaming luminaries has joined forces to launch a AAA Web3 games publisher in the United Arab Emirates. Dubbed Galactic Entertainment Publishing, the recently launched venture represents the first arm of parent company Galactic Group. The firm’s… Continue reading Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent
SDAX launches first-of-its-kind securitised gold tokens
Source: The Edge Singapore Singapore-based digital assets exchange SDAX has partnered with Oman’s Muscat Precious Metals Refining Company to launch a tokenised gold product on its platform. The MPMT Gold Token allows investors to acquire gold tokens in a securitised form, issued by an independent trust and backed by physical gold bullion held in vaults… Continue reading SDAX launches first-of-its-kind securitised gold tokens
