Wire Network’s new protocol aims to end Web3 interoperability woes
Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called Universal Polymorphic Address Protocol (UPAP).
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Digital Asset
Philippines’ fintech achieves unicorn status after embracing crypto payments
Voyager Innovations, the firm behind the Philippines’ top digital payments app Paymaya, has announced it has achieved unicorn status after a recent round of funding, surpassing a $1 billion valuation.
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Russian gov’t and central bank agree to treat Bitcoin as currency
The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement.
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Goldman Sachs boosts tokenization efforts with new partnership
American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset.
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India’s Financial Regulator Bars Advising on Digital Assets
The Securities and Exchange Board of India (SEBI) said that investment advisors should not provide services for unregulated assets. This includes “digital gold.
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Russia aims to replace US dollar reserves with digital assets in long term
As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies.
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Ukrainian president returns virtual asset bill to parliament for revision
Volodymyr Zelensky, president of Ukraine, has delayed the signing of the bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according to an Oct.
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Adapt or die: Payments giants partner with crypto firms to ensure security
Institutional interest for digital assets continues to grow rapidly, demonstrating that cryptocurrencies, stablecoins and nonfungible tokens (NFT) are here to stay. At the same time, traditional financial institutions are beginning to understand the dire need to properly support digital assets.
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Russian Sberbank plans to register its digital asset tool in September
Sber, the largest banking institution in Russia, continues progressing with the development of its blockchain-based platform for issuing digital assets.
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Tokenization of Cattle is Proving Real-World Blockchain Use
Physical asset tokenization is one of the more practical, if not quite as glamorous, blockchain use cases.
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