According to BBG, Goldman Sachs is preparing to spin off its digital asset platform.
As the hacked WazirX was undergoing a workout, its digital hosting partner Liminal issued a statement addressing the alleged security bugs. On October 22, Liminal issued an update responding to WazirX's alleged "disinformation campaign" and clarifying some information about its role in the incident. Despite blaming Liminal for the $235 million breach in July, WazirX continues to use its digital hosting service, and WazirX holds more than 175 million on its platform.
The Bank of England (BOE) has urged UK banks to accelerate the development of their digital payment solutions, as the use of cash is decreasing. A recent BOE report highlights the need for innovation to allow payments to be made directly from bank accounts, bypassing credit and debit cards, thus saving time and costs for consumers and retailers. The Bank of England is developing a central bank digital currency (CBDC), with a decision expected in 2026. Currently, most UK retail payments rely on p...
DBS Bank recently announced that the value of digital payment tokens traded on its digital exchange increased significantly in the first five months of 2024. DBS detailed: "The value (in Singapore dollars) of digital payment tokens traded on the DBS Digital Exchange (Ddex) has almost tripled in the first five months of this year compared to the same period in 2023, the number of active trading customers has increased by 36%, while digital assets held in DBS custody (in Singapore dollars) have sk...
Grey release (Grayscale Investments) announced that its three main funds under digital asset management - Grayscale Digital Large Cap Fund, Grayscale DeFi Fund and Grayscale Smart Contract Platform - excluded Ethereum Fund and completed the fund restructuring following a review in the second quarter of 2024. The updated fund portfolio includes: The digital mega-cap fund maintained its weighting on major assets such as Bitcoin and Ethereum, while the DeFi fund strengthened its exposure to leading...
Infrastructure provider Taurus has expanded its digital asset custody and issuance offering to the Stellar Network, an integration that allows banks and issuers to issue and manage any tokenized asset on the Stellar Network, using programmable wallet behavior and bank-level access controls to fully customize and automate payment processes. Taurus is a digital asset infrastructure provider for Financial Institution Groups such as Deutsche Bank, Credit Suisse, and Santander. Taurus uses Stella tog...
Nomura and its digital asset subsidiary Laser Digital surveyed 547 Japanese institutional investors in April. They found that 54% of investors will buy crypto assets in the next three years. However, only a quarter have a positive impression of cryptocurrencies, while 52% are neutral. Diversification was cited as the most important driver of investment, with 62% of investors citing it as a benefit. Respondents who know more about cryptocurrencies are more enthusiastic about the potential for div...