Klumi Ventures has become the first Web3 venture capital firm to receive a license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). As the sole Web3 VC and Fund Manager regulated by ADGM, Klumi Ventures stands at the forefront of the UAE’s rapidly evolving blockchain ecosystem, offering comprehensive support to…
In a significant move towards exploring the potential of central bank digital currencies (CBDCs), the Deutsche Bundesbank, Germany’s central bank, has announced a collaboration with the renowned Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI). The partnership aims to explore the intricacies of designing a digital euro, with a particular emphasis on addressing the…
One of Germany’s largest banks, Landesbank Baden-Württemberg (LBBW), has announced plans to launch cryptocurrency custody services for institutional clients in the latter half of 2024. The move comes in response to growing demand from corporate customers seeking exposure to digital assets. LBBW will collaborate with Austrian crypto exchange Bitpanda to facilitate this offering. Bitpanda’s institutional-grade…
In the ever-evolving world of cryptocurrencies, Sapphire stands out with its unique journey and focus on bridging the gap between the digital and real economies. In this exclusive interview, DECENOMY founder Urs Schwinger sheds light on Sapphire’s past, present, and exciting future. 1. Can you elaborate on Sapphire’s history and the problem it aims to…
A jury in the Southern District of New York has found Terraform Labs and its co-founder Do Kwon liable for defrauding investors in a civil lawsuit brought by the United States Securities and Exchange Commission (SEC). The verdict, announced on April 5, 2024, marks a significant moment in the ongoing saga surrounding the dramatic collapse…
Telegram, the widely used messaging app boasting over 500 million users, has unveiled a groundbreaking update – in-platform advertising powered by Toncoin (TON). This move marks a significant shift for Telegram, introducing a new revenue stream while empowering channel owners with monetization opportunities. With the new advertising feature, businesses can now promote their products and…
Decenomy, a project focused on revolutionizing transactions through blockchain technology, has announced a groundbreaking update currently undergoing beta testing: The Dynamic Rewards System. This innovative system aims to create a more transparent, equitable, and sustainable network by dynamically adjusting block rewards based on key network metrics. Fine-Tuning the Reward Structure The core feature of the…
In the ever-evolving realm of cryptocurrencies, Sapphire stands out with its audacious mission to bridge the digital and physical economies. This unique project boasts a captivating history, a strategic shift in focus, and a roadmap paved with ambition. Sapphire’s journey commenced as a masternode cryptocurrency, the brainchild of independent developers. In a pivotal turn of…
The United Nations General Assembly has endorsed a resolution on responsible AI development. This initiative signifies a growing international consensus on the need for safeguards as this powerful technology continues to evolve. The resolution, spearheaded by the United States and backed by over 123 countries, garnered unanimous approval. This level of support, including China’s participation,…
The world’s largest asset manager, BlackRock, is poised to officially enter the asset tokenization space with the launch of the BlackRock USD Institutional Digital Liquidity Fund. This move signifies a significant development for the blockchain industry, marking the first foray by a major financial institution into tokenized asset funds on a public blockchain. According to…
