Blockchain

Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates

May 11th, 2022

Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech…

Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale

May 11th, 2022

De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.” Immutable Record of a Diamond’s Provenance One of the world’s top diamond miners, De Beers,…

BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market

May 10th, 2022

Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.” BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report…

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals

May 9th, 2022

Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase…

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

May 5th, 2022

Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the…

Blockchain com sponsors Consensus 2022

May 4th, 2022

On June 9–12, thousands will descend on Austin, Texas for the return of Consensus 2022, the world’s biggest and longest running crypto festival, and Blockchain.com is set to sponsor. Hosted by CoinDesk, the year’s most influential crypto, and web3 festival will focus on the future of digital finance and its mainstream impact. At Blockchain.com, we’ve…

Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned

May 4th, 2022

The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy. Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan Pakistan’s federal government…

Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

May 3rd, 2022

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population…

Samsung Group Investment Arm to List Blockchain ETF on Hong Kong Exchange

May 2nd, 2022

Samsung Group’s investment arm is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of this year. The ETF will have a structure that is similar to that of BLOK, one of Amplify Holdings’s ETF products. Samsung Asset Management’s Stake in Amplify Holdings Samsung Asset Management…

Riot Blockchain Is Constructing a 1 GW Bitcoin Mining Facility in Navarro County, Texas

April 29th, 2022

The publicly listed bitcoin miner Riot Blockchain has announced the company has started development on a 1 gigawatt (GW) bitcoin mining facility in Navarro County, Texas. The development of 400 megawatts (MW) of capacity has been initiated on the 265-acre site and the team hopes to have bitcoin mining and hosting capabilities online by next…