OSL Digital placed a ‘tokenized bond’ in July — what’s next for blockchain securities?
Financial instruments sold and traded on a public blockchain could be the next big thing, so Forkast caught up with OSL to hear about what’s planned.
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Nike becomes highest-earning brand for NFT sales
Footwear giant Nike’s non-fungible token (NFT) projects have brought the company’s revenue to US$185.34 million, more than seven times that of luxury fashion brand Dolce & Gabbana, which ranks second in NFT profits, according to the data published on crypto analysis platform Dune. See related article: Touchdown: How ex-NFL players are helping college athletes score…
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Crypto exchange Bitfinex plans new chain split tokens
iFinex Financial Technologies Limited, which operates the Bitfinex cryptocurrency exchange, has announced Ethereum chain split tokens (CSTs) to help prepare for all eventualities as the Ethereum merge nears. See related article: ‘The Merge’ can make crypto payments mainstream again: Vitalik Buterin Fast facts “The Merge” upgrade involves the Ethereum blockchain’s transition from the proof-of-work (PoW)…
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Huobi Global talking to Malaysian regulator about being put on investor alert list
Huobi Global told Forkast it is working towards being in compliance with Malaysia after its securities regulator put the Seychelles-based cryptocurrency exchange on its investor alert list for operating the digital asset business without proper registration. See related article: Huobi to end crypto derivatives trading in New Zealand Fast facts “We are currently in discussions…
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NFT platform SudoRare vanishes with 519 Ethereum
Non-fungible token (NFT) platform SudoRare has allegedly run off with US$815,000 in user funds and deleted its social media accounts, raising alarms over investor protection. See related article: Klaytn chief says reducing ‘human elements’ can prevent hacks Fast facts According to PeckShield Inc., a blockchain security and data analytics company, SudoRare took off with 519…
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Coinbase hit with lawsuit over allegedly poor security
U.S.-based cryptocurrency exchange Coinbase has been hit with a class action lawsuit last week over claims the firm allegedly failed to properly secure customers’ accounts, leaving them vulnerable to unauthorized activity. See related article: Coinbase under investigation by SEC, quarterly report reveals Fast facts Filed in the U.S. District Court for the Northern District of…
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Philippines central bank approves two more digital banks
A total of six digital banks are now allowed to operate in the Philippines after the Bangko Sentral ng Pilipinas (BSP) issued Certificates of Authority to UnionDigital Bank, Inc. (UDB) and GoTyme Bank Corporation (GTYME). Read more: Philippine central bank governor says no plan to ban crypto BSP earlier authorized four digital banks namely Tonik…
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Markets: Bitcoin, Ether gain with most of crypto top 10; BNB slips, U.S. equities flat
Bitcoin gained along with most other top 10 tokens by market capitalization in early morning trading in Asia, though Ether was the pace leader with the larger climb. U.S. equities were little changed overnight. See related article: Markets: Bitcoin edges up, Ether posts biggest gain among top 10 tokens Fast facts Bitcoin added 0.6% to…
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Bitcoin has been mounting in DBS Digital Exchange in volatile June
Bitcoin custodied by Singapore-based DBS Digital Exchange (DDEx) grew by 30% from April 30 to June 30 this year while Ethereum under custody grew by 3% during the same period. See related article: DBS Bank slams brakes on retail crypto trading Fast facts Bitcoin bought on DDEx in June was nearly four times that of…