<p>At first glance, 2022 in crypto looks like nothing other than an outright catastrophe. We had the expected bear market grind, as predicted by Bitcoin’s four-year halving cycles, coupled with the domino-rally collapse of ecosystems and entities, from Terra/Luna to, most damagingly of all, FTX.</p><p>With that in mind, anything that was able to demonstrate ongoing […]
Tag: STO
FQX Rebrands to ‘Obligate’ after Raising $4.5M – Will Offer Tokenized Debt Securities
Obligate, a Swiss company formerly operating under the name of FQX, has just announced a successful $4,000,000 capital raise. The purpose set out for this fresh funding? Facilitate the tokenization and issuance of debt securities. What is a Tokenized Debt Security? A debt security is a financial product which allows for its issuer to raise […]
Revolut Postpones Its Native Crypto Push after FTX Collapse
<p>Revolut, a London-headquartered <a href=”https://www.financemagnates.com/tag/neobanks/” target=”_blank” rel=”follow”>challenger bank</a>, has delayed the launch of its native cryptocurrency dubbed RevCoin. Financial News (FN) reported that the collapse of the FTX crypto <a href=”https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″ target=”_blank”>exchange</a> could be the main reason, citing people familiar with the matter.</p><p>Revolut Delays RevCoin Debut</p><p>The cryptocurrency was supposed to see the light […]
Integral Enters Crypto Industry Launching New Technology Solution
<p>Integral, a major <a href=”https://www.financemagnates.com/tag/integral/” target=”_blank” rel=”follow”>forex trading technology provider</a>, announced on Thursday the launch of Integral Digital, a trading and client distribution platform to support cryptocurrencies and fiat-backed stablecoins. The new infrastructure service came as an extension of the company’s existing services for the forex trading industry.</p><p>Integral Enters the Digital Asset Space</p><p>“In one big […]
Bank of Spain Greenlights Preliminary Digital Euro Tests in the Country
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to local reports from January 18th, the Bank of Spain authorized Monei, a private fintech company, to issue its EURM Euro-linked token. Allegedly, the issuance of the token is intended as a preliminary […]
DoJ Announces Action Against Bitzlato Crypto Exchange, Arrest of Founder
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Wednesday, January 18th, the US Department of Justice announced its enforcement action against the Hong Kong-based cryptocurrency Bitzlato The announcement also revealed that on January 17th, the FBI arrested Bitzlato’s founder and majority […]
State of Security Tokens 2023 – Real World Usage: Public Bonds & Institutional Adoption
Much like ourselves here at Securities.io, the team behind Security Token Advisors (STA) believe full-heartedly in the future of digital securities or ‘security tokens‘. To that end, STA has for the third year running released its comprehensive ‘State of Security Tokens‘ report. Here we look at some of the key takeaways to be found, in […]
Coinbase to Halt Operations in Japan
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Coinbase Global is halting operations in Japan amid volatile market circumstances, the company announced in a blog post on Wednesday. The company provided a deadline of Feb. 16 for Coinbase Japan to withdraw their […]
Debtors Identify $5.5B But Confirm Major Shortfalls Affecting FTX and FTX US
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Tuesday, January 17th, FTX shared an update with customers and stakeholders. According to the company, the debtors have identified $5.5 billion in liquid assets, but have also confirmed that both the US and […]
IBM’s Web3 Exec: CBDCs Are the Future, Stablecoins Just a Stopgap
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In a recent interview, Shyam Nagarajan, IBM Web 3.0 and Sustainability Executive Partner, stated he believes CBDCs can fundamentally change the way we interact with all transactional payment systems. Nagarajan added that he believes […]
