Search Results for “UST” – Page 518

China’s new digital yuan wallet with fingerprint ID causes privacy worries

Chutian Dragon and IDEX Biometrics offer DCEP digital currency wallets with fingerprint recognition. The companies say the feature enhances security.
Indian crypto standoff takes toll on investment despite hopes for solution

Cryptocurrency investment in India has reportedly slowed to a trickle as both investors and cryptocurrency exchanges grapple with banks’ refusal to accept digital currency transactions. Despite the face-off, industry executives are hopeful that banking support will resume soon, according to a report by Moneycontrol. As reported by BloombergQuint, most crypto exchanges, including WazirX, CoinDCX, Zebpay,…
Thailand’s Brooker Group bets US$48 million on DeFi, decentralized apps

Bangkok-headquartered financial consultancy and capital manager The Brooker Group is set to invest US$48 million in a portfolio of decentralized applications and decentralized finance tokens, a move that will see the company commit around half of its assets to the sector. The firm has identified what it describes in a press release as “huge” growth…
How S. Korea and Singapore are grappling with crypto investor protection

As retail interest in crypto grows, countries around the world are grappling with consumer protection. Asia offers a window into the array of policy responses.
UK finance sector’s paper problem in line for fix as docStribute ledger launches

London-based regulatory technology startup ALT/AVE today launched its docStribute distributed ledger product, which aims to tackle the paper waste problem generated by companies in the financial services industry. Built on the Hedera Hashgraph network, docStribute enables financial institutions to distribute mandatory and highly regulated documents to customers, offering a secure and more sustainable digital alternative…
SEC demands Ripple reveal legal advice Ripple received on XRP

In the latest volley in SEC v. Ripple Labs, the SEC contends that Ripple has waived its attorney-client privilege over legal advice on XRP’s status.
Philippine power firm looks to regulators to drive blockchain electricity trade

The head of a Philippine electricity generator and distributor says that blockchain-enabled trading of electricity can thrive in the country, so long as the right regulatory environment exists. Emmanuel Rubio, president and CEO of Aboitiz Power, told the Manila Bulletin blockchain offered an opportunity in the electricity market, particularly in unleashing the potential of…
Investment manager Ninepoint to offset Bitcoin ETF’s carbon footprint

Canada-based alternative investment manager Ninepoint is to set aside a portion of its management fees to offset the carbon footprint of the Bitcoin held in an exchange-traded fund it operates. Its aim to provide investors prioritizing environmental, social and governance investment opportunities with carbon-neutral exposure to the world’s biggest cryptocurrency. Cryptocurrencies have attracted considerable criticism…
Cambodia’s SBI LY HOUR Bank launches first cross-border blockchain transfers via Ripple

Cambodian lender SBI LY HOUR Bank has launched the first blockchain-based remittance services between Cambodia and Vietnam. SBI LY HOUR Bank is providing the new services with Vietnamese lender TP Bank, in which its parent, SBI Holdings, has a stake, according to a report by the Phnom Penh Post. The lender is the first…
Ethereum prices break $4,000 for first time—what’s driving ETH’s surge?

Is it all those new Ethereum ETFs, rising demand for Ethereum from DeFi and NFTs, or lower gas fees fueling ETH’s price jump to yet another all-time high?