OKX has partnered with Polygon Labs to launch ‘X1,’ an Ethereum-based Zero Knowledge Layer-2 (L2) network. X1 is designed to revolutionize the Web3 landscape, empowering creators in decentralized finance, enterprise, and other sectors. The platform will use OKB as its native token, facilitating smooth transactions on the network. OKX, a major global cryptocurrency exchange and Web3 ecosystem player, has teamed up with Polygon Labs, an esteemed international blockchain software technology firm, to unveil the testnet for ‘X1.’ X1, an Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network, created using the Polygon Chain Development Kit (CDK), is designed to bring about a…
Author: Owais
Owais
Owais is a skilled professional with a strong background in web editing and social media marketing. As a Web Editor, he possesses a keen eye for detail and a flair for crafting engaging online content. Additionally, Owais leverages his expertise as a Social Media Marketer to effectively promote brands and drive audience engagement. Having completed his Bachelor's degree in BA from Karachi University, Owais gained a comprehensive understanding of various subjects within the humanities. This educational foundation, combined with his passion for digital media, has allowed him to excel in his role as a Web Editor and Social Media Marketer. With a focus on delivering captivating and impactful content, Owais consistently strives to enhance the online presence of brands and effectively communicate their messages to a wide audience. Through his strategic approach and creative insights, he has successfully built and managed social media campaigns that have generated significant reach and engagement. Owais's ability to effectively leverage digital platforms and optimize content for online consumption has proven invaluable in the ever-evolving landscape of web editing and social media marketing. His dedication to staying up-to-date with the latest trends and techniques ensures that he remains at the forefront of digital strategies, enabling him to drive meaningful results for clients and brands.
Goldman Sachs and BNP Paribas have led a £77.7 million ($95.09 million) funding round for Fnality, a blockchain-based wholesale payments firm. The funding round involved major players like Goldman Sachs, BNP Paribas, Euroclear, Depository Trust and Clearing Corporation, WisdomTree, and Nomura Group. Fnality plans to establish a global liquidity management network for innovative digital payment models in wholesale financial markets and emerging tokenized asset markets. In an exciting development, two financial giants, Goldman Sachs and BNP Paribas, have taken the lead in a new funding round for Fnality, a blockchain-based wholesale payments firm supported by Nomura Group. According to Reuters,…
M2, a cryptocurrency investment platform, is partnering with Phoenix Group to offer investors lucrative returns on Bitcoin and Ethereum investments. The partnership is based on a 725MW Bitcoin mining operation, designed to generate substantial profits and reduce counterparty risks. M2 CEO Stefan Kimmel explains that this approach is unique in the crypto investment world, as it provides investors with authentic and reliable returns. M2, a well-known cryptocurrency investment platform, is embarking on an exciting collaboration with Phoenix Group, a company on the brink of going public. Their joint venture aims to provide investors with lucrative returns on Bitcoin and Ethereum…
BitGo and Copper have partnered to enhance their transaction settlement networks, aiming to drive global market participation and reduce risks associated with trading market infrastructure. The partnership will enable international institutional clients to trade on major global exchanges while ensuring secure asset custody within a regulated environment. BitGo, a well-known digital asset custodian, and Copper, a pioneering force in institutional digital asset infrastructure, have joined forces to improve their existing transaction settlement networks that operate outside of traditional exchanges. This collaboration between BitGo’s Go Network and Copper’s ClearLoop is poised to drive the global expansion of institutional market participation while…
In an exciting regional collaboration, the Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited have come together to pioneer the development of digital fixed-income securities. This landmark initiative marks a significant step forward in introducing a wider array of capital market applications to the Middle East. This groundbreaking partnership harnesses the unique strengths of both ADX, the rapidly growing exchange in the Middle East, and HSBC, renowned for its expertise in investment banking, capital markets, and blockchain technology. Abdulla Salem Alnuaimi, CEO of ADX, emphasized the growing importance of digital assets in the future and ADX’s commitment…
The Abu Dhabi Global Market (ADGM) has introduced the Distributed Ledger Technology (DLT) Foundations Regulations 2023, marking a significant milestone in digital asset regulations. This legal framework provides comprehensive guidelines for DLT Foundations and decentralized autonomous organizations (DAOs) to meet the specific needs of the blockchain industry. The world’s first of its kind, it is designed to cater to blockchain foundations, Web3 entities, DAOs, and traditional foundations seeking to enhance their operations through DLT. The Registration Authority (RA) of the Abu Dhabi Global Market (ADGM) has achieved a significant milestone in the development of digital asset regulations by introducing the…
Turkey is working to improve its regulations against money laundering in the cryptocurrency sector to avoid being on the Financial Action Task Force’s “grey list.” The country, which was downgraded to the “grey list” in 2021, faces risks from drug trafficking, migrant smuggling, human trafficking, and fuel smuggling. The government is working on a proposal related to crypto assets, which will be presented to parliament soon. Turkey is taking significant steps to bolster its regulations against money laundering in the realm of cryptocurrencies, with the aim of getting off the Financial Action Task Force’s (FATF) “grey list.” The Finance Minister…
Singapore, Japan, Switzerland, and the UK have come together for a pioneering initiative to expedite digital asset projects within the realms of fixed income, foreign exchange, and asset management. The Monetary Authority of Singapore (MAS), in collaboration with Japan’s Financial Services Agency (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK’s Financial Conduct Authority (FCA), is taking a significant step in this direction. MAS, under the banner of Project Guardian, has been collaborating with 15 financial institutions to conduct industry pilot projects that focus on asset tokenization in the fields of fixed income, foreign exchange, and asset management.…
Bitcoin (BTC) has risen to $34,350, attracting increased interest from institutional investment channels due to optimism about potential US regulatory changes. Bitcoin exchange-traded funds (ETFs) and trust funds are experiencing record weekly inflows, with BITO achieving $1.7 billion in trading volume in a single week. The resurgence in institutional investment comes as the US may allow a Bitcoin spot price-based ETF. Bitcoin (BTC) has made a remarkable leap, touching $34,350, with institutional investment channels experiencing a significant surge in trading activity. This increased interest is being fueled by the growing optimism surrounding potential regulatory changes in the United States. Various…
Gemini, a cryptocurrency exchange, is suing Genesis Global for 60 million Grayscale Bitcoin Trust (GBTC) shares linked to its Earn program, worth around $1.6 billion. The lawsuit aims to recover the GBTC shares and reimburse its Earn customers, who experienced difficulties after Genesis froze withdrawals last year. The lawsuit alleges that Genesis intentionally caused harm to Earn users and delayed their digital asset recovery. Gemini, a well-known cryptocurrency exchange, has taken legal action against its former partner, Genesis Global, concerning a substantial sum of 60 million Grayscale Bitcoin Trust (GBTC) shares. These shares were linked to the Gemini Earn program…