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Deutsche Bundesbank has joined the Project Guardian initiative of the Monetary Authority of Singapore to enhance liquidity and efficiency in financial markets through asset tokenization 🌍
Deutsche Bundesbank has joined the Project Guardian initiative launched by the Monetary Authority of Singapore (MAS) to enhance liquidity and efficiency in financial markets through asset tokenization. As part of the project, use cases for asset tokenization, cross-border collaboration, and standards for digital assets are being tested. Bundesbank will participate in testing a platform for tokenized funds aimed at creating a sustainable digital asset ecosystem. The Deputy Director of MAS noted the value of Bundesbank's experience in achieving these goals.
Putin congratulated Trump on his election victory, calling him a "brave man"; noted readiness for dialogue on ending the war in Ukraine and impressions from the July assassination attempt 🎉
Vladimir Putin congratulated Donald Trump on his election victory, calling him a "brave man." At an event in Sochi, Putin noted that Trump was "pursued from all sides" during his first term. He also highlighted Trump's statements about the possibility of ending the war in Ukraine, stating that it "deserves attention." Putin touched on the assassination attempt on Trump in July, noting that it "made an impression." After the shooting, Trump raised his fist and said "fight, fight, fight" before being taken away by Secret Service agents. Putin added that Trump "behaved very correctly." When asked about readiness to discuss with Trump, Putin replied, "We are ready." Trump also expressed his willingness to talk to Putin. Many in Ukraine and Europe are concerned that Trump may slow down or stop military aid to Kyiv. UK Prime Minister Keir Starmer confirmed "ironclad" support for Ukraine, while Hungarian Prime Minister Viktor Orban noted that tough negotiations on trade lie ahead for the US and Europe.
Korbit has signed an agreement with Coinbase to support Base Chain: deposits and withdrawals between Ethereum and USD Coin are available with transaction costs of less than 1 cent 💰🔗
Now users can make deposits and withdrawals between Ethereum and Base Chain, including USD Coin (USDC). Base Chain is a layer 2 blockchain built on Ethereum with low costs, less than one cent per transaction.The companies intend to continue their cooperation to advance blockchain technology. Korbit's CEO, Oh Se-jin, noted that this will help develop the virtual asset industry in the country, while Dan Kim from Coinbase added that Base Chain makes technology accessible to more Koreans.
The California Department of Financial Protection revoked the license of BlockFi Lending LLC due to violations of the financing law and imposed a fine of $175,000 💰📉
The California Department of Financial Protection and Innovation (DFPI) revoked the license of BlockFi Lending LLC under the California Financing Law (CFL). The company agreed to the revocation and committed to cease violations.DFPI found that BlockFi did not consider borrowers' ability to repay loans, accrued interest before fund disbursement, and failed to provide loan counseling. BlockFi filed for bankruptcy in 2022 after the collapse of the FTX cryptocurrency exchange and announced the recovery of assets for full reimbursement to clients.DFPI imposed a fine of $175,000 for violations, but its payment was canceled in favor of consumer rights restoration, as the company is no longer operational.
The Central Bank of Nigeria issued Currenzo an IMTO license, allowing direct processing of money transfers and collaboration with local banks to enhance payment efficiency 💰
Detroit will be the first major city in the U.S. to allow residents to pay taxes and city fees using cryptocurrency through a secure PayPal platform, with access starting in mid-2025 🏙️
Spark has launched a fully on-chain order book on Ethereum using second-layer technology Fuel Network, providing fast trading for professional traders and addressing high-frequency trading issues. 💹
Coinbase is launching cbBTC to restore liquidity on the DeFi platform of Solana after the collapse of FTX, providing $10 million in liquidity for Bitcoin 🚀
WonderFi President Dean Skurka kidnapped in Toronto, ransom was $1 million; incident occurred amid record Bitcoin growth to $75,000 US 📈
Pundi X integrates Alchemy Pay into a decentralized payment platform to simplify the conversion between fiat and cryptocurrencies, with a launch planned for Q1 2025 🚀
Chainbase announced a partnership with Google Gemini to integrate analytics and improve access to blockchain data using natural language 💻
Google Cloud has become the primary validator of the Cronos blockchain, strengthening network security and promoting the development of decentralized applications in partnership with Cronos Labs. 🌐
Sats Terminal has entered the first cohort of the BitcoinFi Accelerator, combining the features of a decentralized exchange, cross-network swaps, and staking for effective management of Bitcoin assets 💰
The Sats Terminal platform, simplifying staking, trading, and bridges for Bitcoin, has become a participant in the first cohort of the BitcoinFi Accelerator from Thesis, Draper VC, and Boost VC. The founders, CEO Stan Havryliuk and CTO Rishab Java, aim to improve the decentralized finance (DeFi) space for Bitcoin by offering a user-friendly interface and low fees.Sats Terminal combines the features of a decentralized exchange, cross-network swaps, and staking. The platform addresses Bitcoin DeFi challenges such as high fees and the complexity of asset management. The DEX aggregator allows trading assets without a single platform, while the staking aggregator simplifies participation with automatic compounding of rewards.The intuitive interface and analytics help users, both beginners and experienced, effectively manage their assets.
The Ethereum Foundation launches the first short-term Pectra testnet "Mekong" with improvements to user experience, changes in rates, and new deposit and withdrawal mechanisms through EIP-7702, EIP-7251, and EIP-6110/EIP-7002 🚀
The Ethereum Foundation has announced the launch of the first short-term testnet for Pectra called Mekong. The testnet includes all EIP proposals that will be used for the Ethereum Pectra fork. Among the changes are improvements to the user experience through EIP-7702, changes in rates through EIP-7251, and updates to deposit and withdrawal mechanisms through EIP-6110/EIP-7002.
Israel has signed an agreement with Boeing to acquire 25 F-15 fighters for $5.2 billion, with an option for an additional 25 aircraft. Deliveries will begin in 2031 ✈️
Israel has signed an agreement with Boeing to acquire 25 next-generation F-15 fighters for $5.2 billion. This agreement is part of a package of U.S. aid approved earlier this year and includes an option for an additional 25 aircraft. Deliveries of the new fighters will begin in 2031, with partial deliveries of 4-6 aircraft per year. These fighters will be equipped with weapon systems integrated with Israeli ones, significantly enhancing their range and payload capacity. The Director of the Ministry of Defense, Eyal Zamir, noted that this contract strengthens Israel's strategic capabilities amid current challenges. Since the start of the war in Gaza, the government has secured procurement agreements totaling nearly $40 billion.
Ubs successfully tested the blockchain payment system ubs digital cash for international transactions in US dollars, Swiss francs, euros, and Chinese yuan 💱💼
Swiss bank UBS successfully tested the blockchain payment system UBS Digital Cash to enhance the efficiency of international transactions. The pilot project conducted operations with international clients and banks in US dollars, Swiss francs, euros, and Chinese yuan.Andy Kollegger, head of UBS Institutional & Multinational Banking, emphasized the strategic importance of blockchain solutions for international payments. UBS plans to develop a system that will enable clients to better manage their intraday liquidity due to increased visibility of their cash positions. UBS Digital Cash uses a private blockchain network with access for authorized clients and automated smart contracts for settlements.
Best news of the last 10 days
U.S. Senator Cynthia Lummis announced the "Bitcoin Act," aiming to accumulate 1 million BTC for a strategic reserve and strengthen the dollar 💰📈
Arkham Intelligence launches the Arkham Exchange platform for perpetual contract trading, offering rewards and a 10% points boost for VIP users. 💰📈
Tether transferred over $2 billion in USDT to Ethereum amid rumors of a U.S. investigation into money laundering 🕵️♂️ — including $1 billion from Tron, $600 million from Avalanche, $300 million from NEAR, $75 million from Celo, and $60 million from EOS 💰
JPMorgan announces the launch of instant settlements between dollars and euros on the Kinexys blockchain platform using JPM Coin, expecting to add operations with pounds sterling after receiving regulatory approvals 💱
WazirX plans to resume trading after a cyber attack of 230 million dollars; the implementation of a settlement scheme in Singapore will ensure compensation for users 💰
WazirX plans to resume trading after a cyberattack that resulted in the theft of nearly $230 million. To do this, the company is implementing a settlement scheme in Singapore that will ensure liquidity and the recovery of user funds. WazirX will issue liquid assets worth $284 million and provide recovery tokens after the scheme is approved.Zettai Pte Ltd, the parent company of WazirX, is also launching a decentralized exchange for recoveries. The court in Singapore granted WazirX a four-month moratorium for debt restructuring; however, users can only recover 55-57% of their funds. Several government agencies continue to investigate the hacking incident.
Easyrewardz and Loyyal are joining forces in a strategic partnership to enhance the loyalty system in India: the implementation of the Xpand Point platform will ensure points conversion for millions of customers in banks and insurance companies 💳
Easyrewardz, a provider of cloud-based CRM and loyalty platforms, has partnered with Loyyal, a pioneer in blockchain solutions for loyalty programs in the UAE. This collaboration will enhance the loyalty system by providing new opportunities for points conversion.The partnership will implement Loyyal's Xpand Point platform in the banking and insurance sectors of India, integrating it with Easyrewardz's loyalty management system. Bank customers will be able to use their points across various categories both within India and internationally.Loyyal's CEO, Ashish Kumar Singh, expressed his excitement about the collaboration, while Easyrewardz's CEO, Soumya Chatterjee, noted that this will deepen their presence in the BFSI sector and open up new opportunities in the GCC region, creating personalized loyalty programs for businesses.
HashKey Global announces the listing of the HashKey Platform Token (HSK) to expand the Web3 ecosystem; deposits open on November 7, and spot trading of HSK/USDT begins on November 26 🌐
HashKey Global, a licensed digital asset exchange, has announced the initial listing of the HashKey Platform Token (HSK). This token will be a key element of the HashKey ecosystem and will facilitate mass adoption in the global Web3 community. HSK deposits will open on November 7, and spot trading of HSK/USDT will begin on November 26.HSK will be used across all HashKey businesses, including licensed exchanges, investments, asset management, tokenization, and infrastructure services. Additionally, HSK serves as the native and gas token of HashKey Chain, a second-level public chain, supporting the long-term growth of the ecosystem.Founded in 2018, HashKey Group provides regulatory-compliant Web3 infrastructure in Asia, bridging traditional finance and cryptocurrencies. HSK will integrate and develop the ecosystem, creating value for users worldwide.
Bybit presents CryptoLens AI: an innovative tool for token analysis that evaluates social activity, team, liquidity, and security to assist investors in making quick decisions in the crypto market 🔍
Bybit, the second largest cryptocurrency exchange in the world, introduces CryptoLens AI—a new tool to simplify token analysis. It offers users deep analytics to help make decisions in the fast-paced cryptocurrency market.CryptoLens AI analyzes large volumes of data and assigns a rating based on six factors: social activity, team and funding, blockchain activity, trading activity on Bybit, liquidity, and token security.CryptoLens AI is available for free to registered Bybit users, allowing for easy token analysis.