Global #Digital Asset

Deutsche Bank has announced a new partnership with crypto-native market maker Keyrock, aiming to strengthen the latter’s global services in the digital asset space.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a prominent player in global fintech communication, is set to make significant strides into the digital asset realm.

Recent movements among large XRP holders have caught the attention of the crypto community, indicating a potentially bullish shift for the digital asset.

Hong Kong is making strides to position itself as a leading global hub for cryptocurrency, yet the city faces calls for faster regulatory action from industry leaders.

WisdomTree, a prominent asset management firm, has officially withdrawn its filing for the WisdomTree Ethereum Trust, which was initially registered on May 27, 2021.

State Street, a leading financial services and asset management firm, has unveiled plans for a new digital asset platform tailored for institutional clients.

In a notable shift towards digital asset investments, South Korea’s National Pension Service (NPS) has acquired 245,000 shares of MicroStrategy, valued at $33.75 million, during the second quarter of this year.

On August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.

BitGo, a prominent cryptocurrency custodian firm, has achieved a significant milestone by securing a general payment institution licence from the Monetary Authority of Singapore (MAS).

Anoma, a prominent player in the cryptocurrency and blockchain space, is currently in negotiations for a significant funding round, aiming to secure $40 million at a valuation of $1 billion.

As the financial world ushers in what’s being termed the ‘Macro Summer,’ both Bitcoin and gold are poised for potential breakouts, signaling a shift in investment dynamics and economic sentiment.

South Korea, a nation known for its fervent embrace of cryptocurrency, has finally launched its first comprehensive regulatory framework for the digital asset industry.