FCA Defends Crypto Stance to Combat Illicit Activities
Citing the need to safeguard financial integrity, the UK FCA justifies its strict registration requirements for crypto firms. The U.K. Financial Conduct Authority addresses worries that these strict regulations may stifle innovation in the sector by restating its dedication to a stringent registration procedure for cryptocurrency enterprises. The FCA’s head of payments and digital assets, […]
Bitfinex Invest in Plasma to Revolutionize Global Payments
Bitfinex has invested in Plasma, a decentralized financial infrastructure platform that focuses on Bitcoin and facilitates payments using real-world assets. On October 18, the Bitfinex team revealed via X that it had invested in Plasma to support the growth of Tether adoption on Bitcoin. A blog post introducing Plasma claims the company is considering offering […]
BlackRock Eyes BUIDL for Derivatives Crypto Exchanges
BlackRock is attempting to get BUIDL, its digital money market token, utilized as collateral in Bitcoin derivatives transactions. According to people with knowledge of the conversations, the business is “in talks” about the prospect with significant cryptocurrency exchanges like OKX, Deribit, and Binance, Bloomberg reports. BUIDL is a token with a minimum commitment of $5 […]
DBS Bank Rolls out New Token Services for Blockchain Banking
A new blockchain-based service called DBS Token Services has been unveiled by DBS Bank with the goal of streamlining institutional banking procedures. According to a DBS press release, the DBS Token Services will connect the bank’s permissioned blockchain, which is compatible with the Ethereum Virtual Machine , its core payment engine, and many industry payment […]
Telegram Gaming sees User Engagement Boom in Q3 2024
Helika reported a rise in NFT engagement and longer player sessions in Telegram’s gaming ecosystem in Q3 2024. According to the research, the number of unique wallets exchanging NFTs throughout the quarter increased from 200,000 to over 1 million, with 600,000 wallets actively engaged in NFT transactions within games. Additionally, players play Telegram games for […]