In a move that signals the growing mainstream adoption of cryptocurrencies, Colombia’s largest bank, Bancolombia, has ventured into the crypto business by launching a dedicated crypto exchange called Wenia. The rather ambitious endeavor aims to onboard 60,000 users in its first year, positioning Wenia as a formidable competitor to established players like Binance and Bitso…
In a groundbreaking move to harness the transformative power of blockchain technology, the Hong Kong Monetary Authority (HKMA), the city’s financial regulator and central bank, has announced the formation of a dedicated community to drive the development of asset tokenization standards. Dubbed “Project Ensemble Architecture Community,” this initiative brings together industry heavyweights and regulatory bodies…
In a major move to expand its cloud and artificial intelligence (AI) footprint in Southeast Asia, tech giant Microsoft has announced a staggering $2.2 billion investment over four years in Malaysia. This investment, the largest in the company’s 32-year history in the country, underscores a growing interest in AI innovation among tech behemoths. According to…
The cryptocurrency industry is facing a new wave of uncertainty as prominent self-custodial Bitcoin wallet providers, Acinq’s Phoenix Wallet and zkSNACKs’ Wasabi Wallet, have announced their decision to discontinue services for United States customers. The move trails the recent regulatory crackdown on two major players in the self-custodial wallet space, Consensys and Samourai Wallet, raising…
A recent survey conducted by KPMG suggests that institutional investors in Canada have re-embraced digital assets with renewed enthusiasm. The consulting giant’s bi-annual Institutional Adoption of Cryptoassets survey revealed a significant increase in cryptocurrency holdings among Canadian investment firms, reflecting a growing perception of cryptocurrencies as a viable alternative asset class. The survey findings paint…
In a bold and unprecedented proposal, independent presidential candidate Robert F. Kennedy Jr. has announced his intention to put the entire U.S. federal budget on the blockchain if elected. This move, he argues, would usher in a new era of transparency and accountability in government spending, empowering every American citizen to scrutinize how their tax…
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…
