Janet Yellen, the Secretary of the US Treasury has said that it was imperative for regulators to establish a regulatory policy for stablecoins.  Stablecoin Regulation a Priority for US Authorities Yellen’s statement was revealed in a readout of the meeting held on Monday (July 19, 2021). Attendees at the meeting included the President’s Working Group on Financial Markets (PWG), Federal […]

CoinFund, a blockchain investment firm behind several recent venture raises, has closed an $83 million funding round as part of its ongoing initiative to bootstrap promising crypto-focused startups.  The oversubscribed fundraise was led by Venrock, a California-based venture capital firm founded in 1969. CoinFund said several other “forward-thinking institutional allocators” contributed to the raise, but did not name them. David […]

London, United Kingdom, 20th July, 2021, WiV Technology, a blockchain-based trading platform for unique assets, has signed an agreement with the Georgian government to move some of the country’s wines and their provenance onto WiV’s blockchain empowered platform. The team at WiV will also be developing a quality assurance standard for the county’s wine to enhance its reputation across the […]

Ralph Hamers, CEO of Swiss bank UBS, has said he does not fear missing out on crypto. Speaking to Bloomberg on Tuesday, Hamers said, “Clients are looking at different alternatives, and they hear about crypto, and there is a bit of a fear of missing out as well. They read it in the papers, but they also see the volatility.” […]

Blockchain developer Neon Labs has created a compatibility bridge between Ethereum and Solana, opening the door to more cross-chain development opportunities for Ethereum programmers. Neon’s Ethereum Virtual Machine, or EVM, has deployed via testnet on Solana, the company announced Tuesday. The EVN grants any decentralized application on Ethereum access to Solana’s high throughput capacity and lower gas fees. Essentially, Neon EVM […]

A new lawsuit in San Francisco federal court alleges that Coinbase knowingly misled him and other customers into paying to enter Dogecoin-related sweepstakes to win the meme cryptocurrency that they could have simply entered for free. The $5 Million Lawsuit The new class-action suit was lodged by David Suski, who claims that he forked out $100 to become eligible for […]

The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering and Terrorist Financing Factor According […]

Makor Capital announced that Benjamin Kupfer will join the Makor Investment Banking Division as a senior member of the origination and execution team for M&A and capital markets transactions. Recently announced in an official press release shared with Finance Magnates, Benjamin Kupfer, who previously worked at LG Electronics, has been named by Makor Group, an FCA-regulated international brokerage firm, as […]

The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng Daily reported Tuesday. The central […]