CMCC Global Launches $100M to Support Blockchain Startups
CMCC Global has established a $100 million fund to aid blockchain startups in Hong Kong and other Asian countries. On October 4, CMCC finished raising more than $100 million from more than 30 investors for its Titan fund. Block.One, the Richard Li-owned Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Yat Siu, the founder of […]
BIS Builds Data Platform to Bridge Data Gaps in Crypto
In partnership with banks within the Eurosystem, the Bank for International Settlements is building a new data tracking system for crypto assets. The Bank for International Settlements (BIS), in collaboration with the Eurosystem’s central banks, has announced the beginning of Project Atlas, a proof-of-concept investigation into the financial implications of digital assets and decentralized banking. […]
Binance Spot Trading Volume Declines Consecutively for 7 Months
Binance exchange has continued to lose market share due to ongoing regulatory issues in the United States, with evidence in spot trading volume reportedly declining 7 months in a row. Binance’s spot market share declined for the seventh consecutive month in September 2023, Bloomberg reported on October 5, citing CCData’s analysis. According to the report, […]
UNESCO, Netherlands Partner for EU AI Supervision Project
The United Nations’ UNESCO and the Dutch government have partnered to launch a framework for the ethical supervision of artificial intelligence (AI) in the European Union. The Dutch Authority for Digital Infrastructure and the United Nations Educational, Scientific, and Cultural Organization (UNESCO) formally launched the “Supervising AI by Competent Authorities” project on October 5, through […]
ESMA Publishes Second Consultation Paper on MiCA
The European Union’s markets regulator, the European Securities and Markets Authority (ESMA), issued a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on October 5. In the 307-page document, the ESMA solicits feedback from interested parties on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for […]