Larry Fink, CEO of the biggest asset management firm in the world, BlackRock, thinks tokenizing asset classes like stocks and bonds might enhance efficiency in capital markets and increase investor access. BlackRock is looking into the digital asset sector, and the CEO said in his most recent annual letter to
Recent sources indicated that the historic merger deal between Credit Suisse and UBS Group would be concluded as early as Saturday evening. The Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA, Switzerland’s central bank and financial regulator, reportedly saw this merger as their sole option to avert
BitGo, a popular cryptocurrency wallet, has fixed a serious flaw that could have exposed the private keys of its retail and institutional users. In December 2022, the Fireblocks cryptography research team discovered the vulnerability and informed BitGo of it. BitGo Threshold Signature Scheme (TSS) wallets were susceptible to the flaw,
Silicon Valley Bank (SVB) has declared its intention to file for bankruptcy in order to sell its assets. In an effort to protect its assets, SVB voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. According to the paperwork, the
Ripple, a leading provider of crypto solutions announced their strategic partnership with Blockchain Fund Founders to develop the Web3-based startup. As a part of this, Ripple invested in the Singapore-based venture capital. Furthermore, the Funds will be used to support the blockchain companies in their early stage and has a
Spend-to-earn decentralized finance (DeFi) protocol Fluidity Money has teamed with Gains Network, a platform that provides gTrade, an innovative, user-friendly decentralized leveraged trading experience. By the integration of Fluidity’s novel yield-generating method through the integration of fDAI and the development of an fDAI vault, Gains Network and Fluidity Money’s partnership
Blockchain and other new generations of information technology innovation continue to make significant progress, while the metaverse and Web3 concepts are developing at a high speed. Research shows that France is one of the top countries attracting blockchain talent and French tech startups set a new record with 13.5 billion
The IDO platform Poolz has made public the steps it has taken to mitigate the effects of a recent security breach. The team’s quick action has assisted in limiting the damage and averting a wider outbreak. A hacker was successful in taking advantage of the token contract for the POOLZ
In order to provide tokenized structured products for institutions and crypto projects looking for alternative forms of financing, AllianceBlock, the company creating seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, announced today that it is collaborating with ABO Digital, the private digital asset investment arm of Alpha
Our current world relies on tech, and the people and organizations behind it provide the bloodline for the modern economy. And just like there are many ways you use tech in everyday life, there are just as many ways that tech giants and small innovators in the IT sector use
