Blockchain/Bitcoin
Formula 1 Sponsorship Deals with Blockchain Companies Shrink Amid Crypto Scandals and Bear Market
After a buoyant year 2022, sponsorship deals with blockchain and cryptocurrency companies for the Formula One (F1) race are shrinking this year on the back of high-profile collapses and turbulent markets. A Bloomberg analysis found that while all teams had
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Application of DLT in Capital Markets Could Help Save Billions of Dollars in Operational Costs
Distributed ledger technology (DLT) has the potential to deliver transformative benefits for capital markets, helping deliver billions of dollars in cost savings through improved operational efficiency, broader market access and opportunities for value creation, a new report by the Global
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Swiss Banks Unlikely to Migrate to Blockchain, DLT Systems, Says SNB Advisor
While some banks have started experimenting with blockchain and distributed ledger technology (DLT), widespread migration to these systems are unlikely to occur due to a number of roadblocks, including regulatory and compliance challenges, the high costs of the endeavor, as
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Offline Payments Using CBDCs Promise Many Benefits But Design Should Be Considered Thoroughly
The ability to make offline payments with central bank digital currencies (CBDCs) has attracted increased interest among central banks for their potential to support public policy objectives including financial inclusion, universal access, payment system resilience and privacy. A survey conducted
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EU Adopts New Crypto Asset Regulation
The European Union (EU) has taken a significant step in regulating the crypto-assets sector with the Council’s adoption of the Regulation on Markets in Crypto-Assets (MiCA). This milestone marks the establishment of an EU-level legal framework for the crypto-assets industry,
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Kanton Zug Increases Maximum Tax Payment Amount With Cryptos to CHF 1.5 Million
The Canton of Zug is increasing the transaction limit for tax payments with the cryptocurrencies Bitcoin and Ether from CHF 100,000 to CHF 1.5 million with immediate effect. This measure will facilitate access to digital means of payment and meet
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Ripple Snaps up Swiss Custody Provider Metaco in US$250 Million Deal
Ripple, a blockchain and crypto solutions provider, has acquired Metaco, a Swiss-based provider of digital asset custody and tokenisation technology, for US$250 million. Through this acquisition, Ripple will be able to expand its enterprise offerings by diversifying into custody solutions
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Frankfurt University Forms Master in Blockchain & Digital Assets
Frankfurt School of Finance Center and its Blockchain center designed a new four semester long post-experience master program (MSc) last year. The Frankfurt School’s goal is to provide the expert knowledge necessary to students looking to shape and lead blockchain
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EU Parliament Economic and Monetary Policies Unit Cautions ECB on Digital Currency Launch
The European Central Bank (ECB) is considering launching a retail central bank digital currency (CBDC), seeking improved payment efficiency, innovation and monetary sovereignty. However, there are several concerns about whether a so-called digital euro would be a good idea. Against
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Galaxy and DWS Enter Alliance to Develop Exchange Traded Products on Digital Assets
Galaxy Digital Holdings, an USA based financial services and investment manager in the digital assets, and DWS, one of the world’s leading asset managers, have entered into a strategic alliance with the aim of initially developing a comprehensive suite exchange-traded
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