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"My understanding is that the SEC asked for more information to make a determination," the person said. "The way I'm interpreting it is the SEC is telling the committee what they want to see for various parts of the business, and now the committee has to decide what they're going
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VersiFi appoints former Genesis executive Martin Garcia as co-CEO and secures $10 million in funding to drive crypto lending services. VersiFi, a New York-based digital asset prime brokerage, has announced the appointment of former Genesis Global executive Martin Garcia as its new co-CEO. This strategic move comes as the company looks
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HSBC leverages blockchain technology to digitize gold assets, aiming to modernize the traditional London gold market. HSBC Holdings Plc has initiated a blockchain-based platform to digitize gold assets stored in its London vault. Mark Williamson, head of global FX and commodities partnerships and propositions at the bank, elaborated on this development
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In a move aimed at advancing their vision of creating a self-sovereign Internet with a permissionless alternative to traditional finance (TradFi), the
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The government of Shanghai on Tuesday published a set of guidelines to promote blockchain technologies, the digital yuan, and the metaverse in the city’s industries, including auto production, commodity trading and e-commerce platforms. The move by China’s biggest city is in line with the country’s stated goal to focus on
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A proposal seeking to apply a "One Brand, One token" principle has been pushed to a vote on BitDAO's Snapshot, calling for substituting BitDAO's token (BIT) under a new governance token. Snapshot serves as an off-chain governance voting platform for decentralized autonomous organizations (DAOs) and other blockchain projects.According to proposal
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Two sources familiar with the matter said that the central bank is willing to develop its own software for the CBDC in order to keep full control of the effort. It’s been nearly eighteen months since Nigeria launched its central bank digital currency (CBDC) eNaira back in October 2021. Now, the
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The Central Bank of Nigeria (CBN) continues to develop its central bank digital currency (CBDC), the eNaira, but this time it’s calling for backup.According to a Feb. 21 Bloomberg report, the CBN is in talks with new “technology partners” to develop a new and improved system to manage the eNaira.According
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The central bank wants full control of eNaira, and is in early talks with blockchain platform R3 to develop the technology, according to the report. Source
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The Swiss crypto tech provider hired IBM’s Peter DeMeo as head of product, as well as former IBM lead architect, Angel Nunez Mencias. Source
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