In a significant development for the blockchain industry, Socios.com, a blockchain-based fan token and engagement platform, has recently achieved a major regulatory milestone by securing in-principle approval from the Malta Financial Services Authority (MFSA). This approval allows Socios.com to legally operate within the Maltese market under a Class 3 Virtual Financial Assets (VFA) license. Founded by the Chiliz Group, Socios.com
Kraken, one of the pioneering cryptocurrency exchanges, is gearing up to introduce its own blockchain platform, "Ink," at the beginning of next year. Ink is designed to support an array of decentralized applications (dApps), aiming to facilitate token trading, borrowing, and lending activities without the need for any intermediaries. Inspired by the success of decentralized finance (DeFi) platforms like Coinbase’s
In the rapidly evolving world of Web3, Bitget Wallet has emerged as a significant player, particularly through its influential role in the blockchain gaming sector. As the leading non-custodial Web3 wallet, Bitget Wallet has facilitated nearly half of all CATI token claims from Catizen, a gaming initiative that operates on the TON and Mantle blockchain ecosystems. This milestone underscores Bitget
The integration of financial services into non-financial platforms, known as Embedded Finance, has been revolutionizing industries worldwide. In the United States, this seamless fusion has found fertile ground, with 33% of small and medium-sized businesses (SMBs) utilizing Embedded Finance through Software as a Service (SaaS) platforms. Meanwhile, in Europe, the scenario is markedly different, with only 11% of SMBs in
Improbable Tech has announced the launch of Somnia Crypto, a revolutionary blockchain network designed to enhance the metaverse experience. The company, known for its groundbreaking efforts in VR and blockchain technology, as well as its creative work behind Yuga Labs’ Otherside platform, aims to spearhead new social, economic, and communal developments within the metaverse. The debut of Somnia Crypto on
Embedded finance, a breakthrough concept, involves the seamless integration of financial products and services into non-financial service platforms. Globally, this model has revolutionized businesses by offering enhanced accessibility and efficiency in financial services. In Bangladesh, the potential for embedded finance to transform the business landscape is tremendous, promising unprecedented growth and innovation. This innovative approach enables sectors such as telecommunications,
The cryptocurrency world was recently stirred by the reactivation of a Bitcoin wallet that had lain dormant for a staggering 12.4 years, holding within it a significant stash of 400 BTC. This awakening has fueled a wave of speculation and concern within the crypto community, sparking debates about market stability and potential selloffs. The reawakened wallet brings to light the
In a groundbreaking initiative unveiled at COP16 in Cali, CAF, the development bank for Latin America and the Caribbean, has partnered with O.N.E. Amazon to introduce innovative financial mechanisms aimed at protecting the Amazon rainforest. This collaboration seeks to bolster conservation efforts, ensure socioeconomic development for local communities, and combat deforestation—a pressing issue given that the Amazon faces the potential
The cryptocurrency landscape has witnessed a seismic shift with the introduction and rapid adoption of Bitcoin Spot Exchange-Traded Funds (ETFs), which have outperformed early gold ETFs in their first year by a considerable margin. Approved by the US Securities and Exchange Commission (SEC) in January 2024, Bitcoin ETFs have seen massive institutional uptake and impressive market performance, making them a
The movement to authorize Bitcoin and Ether exchange-traded funds (ETFs) in Japan is gaining momentum as a coalition of prominent Japanese financial and crypto firms intensifies efforts to persuade regulators. These firms emphasize the investment potential of Bitcoin and Ethereum, highlighting their significant market capitalizations and strong long-term stability. For instance, Bitcoin’s market cap is comparable to that of Meta,
Tokenizing U.S. Treasuries and introducing them into the cryptocurrency and decentralized finance (DeFi) ecosystems could transform how collateral is used in these markets. By creating digital representations of U.S. Treasury securities on a blockchain, a new avenue is opened for utilizing these traditionally stable assets within the volatile crypto space. The Role of Treasuries in Traditional Finance U.S. Treasuries have
Catizen, a pioneering name in the blockchain industry, has unveiled its latest breakthrough, Zircuit, an AI-driven, zero-knowledge Layer 2 blockchain. With the growing need for enhanced security and scalability in the blockchain ecosystem, Zircuit aims to address these challenges head-on. Fully compatible with the Ethereum Virtual Machine (EVM), Zircuit leverages artificial intelligence to bolster security by blocking malicious transactions at
