AWS Expands Amazon Managed Blockchain for Web3 Developers
Amazon Web Services (AWS) has been gradually incorporating web3 infrastructure into its solutions since the introduction of Amazon Managed Blockchain in 2019. These services improve AMB’s functionality by enabling programmers to interact with open blockchains and create scale applications quickly and securely. AMB Access enables developers to interface with distributed apps and digital assets across […]
Nexo Joins Sanctions Association
Nexo aims to keep up with regulatory obligations by introducing additional certification standards for its compliance staff. The cryptocurrency lending platform Nexo will join the Association of Certified Sanctions Specialists (ACSS) to use training materials, relationships, and data as regulatory scrutiny of the larger Web3 ecosystem increases. In addition to financial institutions, worldwide corporations, law […]
Hong Kong, Saudi Arabia Collaborate on Tokens, Payments
Hong Kong is expanding its financial collaboration with the Kingdom of Saudi Arabia, targeting tokenization and payments infrastructure agreements. A bilateral meeting between the Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) was held on July 26 to improve the integration of financial services between the two nations. The HKMA and the […]
Meta Committed to Metaverse Despite $3.7b Q2 Loss
Reality Labs at Meta reported an operational loss of $3.7 billion and is still dedicated to the metaverse’s growth. According to Meta’s most recent earnings figures, which were revealed on July 26, the company invested an astounding $7.7 billion in its virtual reality business in 2023. The division’s revenue decreased from $452 million in the […]
South Korea Launches Interagency Investigation Team
A crypto investigation unit has been established in South Korea to counter illegal activity in the digital asset sector. According to a Reuters article, the Joint Investigation Centre for Crypto Crimes comprises a group of about 30 experts from several fields, including the legal, financial, tax, and customs sectors. Compared to traditional equities regarding investing […]