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.
Bitcoin momentarily climbed past its previous record high to reach over $69,000 at around 3 PM UTC on Tuesday, surpassing the previous peak of $68,990.90 recorded in November 2021.
Microsoft, one of the world's leading software companies, is reportedly testing the integration of a crypto wallet in its web browser, Edge. According to a recent report from BleepingComputer, the tech giant is exploring the possibility of adding a Microsoft crypto wallet to its Edge browser, which would allow users to securely store and manage their cryptocurrencies directly within the browser.
The SEC has reached a settlement agreement with ShapeShift. SEC Commissioners Hester Peirce and Mark Uyeda expressed their opposition to the SEC's enforcement action.
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.
Avalanche's primary blockchain, known for its speed and efficiency in handling transactions, experienced a significant halt in block production early Friday morning.
Attorney Kyle Roche has withdrawn from cases against Bitfinex and Tether.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.
The MAGA coin has witnessed a staggering 500% surge in its value over the past month, boasting a market cap exceeding $400 million. This astonishing growth has not only captured the attention of investors and political enthusiasts alike but has also sparked a broader conversation about the role of meme coins in the digital economy.