India’s SEBI recommends local regulators to monitor crypto trading
Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India. Go to Source
Digital Asset
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Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges
On May 13, the Commodity Futures Trading Commission announced it had fined crypto brokerage firm Falcon Labs Ltd. approximately $1.7 million. The fines are penalties for the firm’s illegal facilitation of U.S. residents’ access to digital asset derivative exchanges. The commission has urged digital asset intermediaries in similar situations to report their activities to the … Read more
Galaxy Digital’s revenue soars with mining, fees at record levels
Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees. Go to Source
CoinShares posts record revenue in Q1, backed by markets, Bitcoin ETFs
CoinShares’ revenue, gains, and other income reached 43.9 million pounds ($55 million) in the first quarter of 2024, a 216% increase year-over-year. Go to Source
Goldman Sachs, CBOE, Standard Chartered, and Others Complete Blockchain Interoperability Pilot on Canton Network
Goldman Sachs, the CBOE, Standard Chartered, and other financial institutions participated in the pilot of the Canton Network, a protocol aiming to achieve interoperability in apps using resources from various blockchains. Digital Asset, the company behind the pilot, stated that this test showed the opportunity to reduce costs, risk, and inefficiencies by using this kind … Read more
Ethereum community adopts ERC-3643 as standard for compliant asset tokenization
The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets. Go to Source
Taurus starts credit tokenization as an asset class for German SMEs
Blockchain tokenization provides an alternative means for SMEs to raise capital and liquidity while building diversified investment opportunities. Go to Source
US accounting standards board rules will reflect institutional crypto assets’ fair value
The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year. Go to Source
Iota’s ShimmerEVM joins Fireblocks, targets demand for assets tokenization
The Iota Foundation wants to capitalize on institutional demand for real-world assets tokenization, which reached $342 billion in September, according to VanEck data. Go to Source
Japan’s SBI looks to Saudi Aramco as it continues Middle East expansion
They have signed a memorandum of understanding on digital asset investment and semiconductor production. Go to Source
