In a move not taken until now, the blockchain subsidiary of French investment bank Société Générale, Société Générale Forge (SGF), has been granted the inaugural license as a digital asset service provider (DASP) under France’s newly established cryptocurrency regulations. While there are various companies that are registered for similar services with the AMF, only those […]
Category: STO News
Unlock Protocol (UDT) – What’s New?
The Unlock Protocol was built to empower those seeking to leverage digital assets in their business models. The platform is best known for its advanced smart contracts and easy integration. Since its launch, the network has continually expanded its services and features. Here’s a look back at Unlock Protocols latest milestones and upgrades. Alpha Tweet […]
Societe Generale Subsidiary Becomes the First Licensed Crypto Service Provider in France
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Societe Generale’s crypto arm SG Forge acquired a license from France’s leading financial regulator, making it the first digital asset company to obtain such a permit in the country. Meanwhile, renowned crypto institutions like […]
How the US Has Avoided a Recession, So Far
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In the latter half of 2022, recession announcements began in earnest. In June ’22, 68% of economists believed recession would hit US shores by 2023. In September, Nouriel Roubini, former IMF economist known as […]
Exness, CBDO, Exinity and More: Executive Moves of the Week
Now the heat is on in the second week of July, we witness a clear drop in new executive roles being onboarded and promoted in the forex, crypto and fintech industries this week. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week. Executive Moves […]
Binance Fired over 1,000 Employees in Recent Weeks: Report
Binance reportedly sacked over 1,000 employees in recent weeks, further shrinking its previous 8,000-strong global workforce. The Wall Street Journal (WSJ) reported the mass retrenchment today (Friday), citing an insider source. Binance Cuts More Jobs Globally Former employees told WSJ that more staff members across the exchange’s global markets were fired during this week, with […]
Binance recently laid off 1,000 employees: report
Binance is reported to have dismissed about 1,000 of its employees recently. The report cites sources close to the exchange and comes at a time Binance is battling regulatory pressure. The leading crypto exchange celebrated its 6th birthday on July 14. Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly cut its employee […]
BlackRock CEO says crypto will transcend international currencies
BlackRock CEO Larry Fink believes crypto is an international asset that can transcend any global currency. Fink did not talk about Bitcoin specifically, noting he’s prohibited by virtue of BlackRock’s spot ETF filing. In his interview with CNBC on Friday, Fink mentioned how gold ETF changed the gold investing market. BlackRock CEO Larry Fink has […]
ADSS Quits UK Market to ‘Refocus’ on Other Entities
ADS Securities London Limited (ADSSL), the British subsidiary of the Abu Dhabi-based brokerage group ADSS, has started to wind down its operations in the UK. The firm in a message on its website said the move follows a ‘strategic decision’ by its parent company to “refocus its resources on other entities within the Group.” ADSS […]
Threads Grew Extremely Fast, But User Engagement Metrics Now Trend Down
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In social media app history, Meta’s latest venture broke all growth records. Threads, the app aiming to rival Twitter, marked over 100 million signups in less than a week. It became the most downloaded […]