BIG Weekly Newsletter

June 27, 2024
Issue: No 242

A Message To The Reader

Welcome to the BIG weekly Newsletter!

This week read about how multichain indexing boosts blockchain data processing and query performance, why blockchain’s uses in renewable energy and how Standard Chartered to open spot crypto trading desk.

I will be attending the Point Zero Forum next week, on 1 - 3 July in Zurich and I'm looking forward to meeting with all of you there.

Remember to listen to Unchained podcast with Laura Shin, the Searching for Mana podcast with Lloyd Wahed, the Paul Barron Network show and The Security Token Show podcast hosted by Kyle Sonlin and Herwig Konings.

We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

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    BLOCKCHAIN HEADLINES

    How multichain indexing boosts blockchain data processing and query performance
    While blockchain technology offers a groundbreaking approach to data storage, it also creates huge challenges with querying and reading this data, necessitating the adoption of new methods for data processing.

    COINTELEGRAPH

    Blockchain’s uses in renewable energy
    Blockchain and renewable energy technologies have been two of the most discussed technological and economic advances in the recent years. However, until now there has not seemed to be much of a crossover.

    CLEANTECHNICA

    Standard Chartered to open spot crypto trading desk
    Standard Chartered Plc is launching a spot crypto trading desk for Bitcoin and Ether in London. The unit will be part of the FX trading desk. The bank had been working with regulators to support institutional demand to trade Bitcoin and Ethereum.
    LEDGERINSIGHTS

    REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)

    Citi unveils its integrated digital assets platform CIDAP
    The bank unveiled its new Citi Integrated Digital Assets Platform to serve the entire group. The multi-layered platform has platform services to support off-chain processing and an administrative user interface.

    LEDGERINSIGHTS

        Dealings in digital assets not illegal under Indian law, High Court rules
        The STA Token did not qualify as ‘money’ under the PCMCS Act as it is a cryptocurrency stored in trust wallets and is purchased through applications from Google Play Store and Binance digital asset exchange.

        COINGEEK

        Nomura’s Laser Digital finalizes Abu Dhabi digital asset license
        The company is a subsidiary of Nomura.It also has a license from VARA in Dubai, another emirate within the United Arab Emirates. Additionally, Laser has offices in London and headquarters in Switzerland.
        LEDGERINSIGHTS

        FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

        The Swiss extend experiment on central bank digital currencies
        The Swiss National Bank — basically, the Fed of Switzerland — will extend its experiment with wholesale central bank digital currencies (CBDCs), according to its private sector partner, an exchange.

        AXIOS

        India’s CBDC activity declines sharply after artificial pump
        India’s digital currency is experiencing a sharp decline in activity after local banks ceased artificially inflating its metrics. India’s CBDC appears to be losing momentum.

        CRYPTO

        European Central Bank releases first CBDC progress update
        Privacy provisions were a main focus, with the ECB promising pseudonymization, hashing functions, and encryption features as bulwarks against tracking individuals by transaction.

        COINTELEGRAPH

        CRYPTOCURRENCIES, DeFi and NFT

        Danish FSA’s overreach threatens crypto innovation
        The DFSA asserts that all interface providers, including mobile app developers, must be regulated. This encompasses anything that interacts with cryptocurrencies.
        ALTCOINBUZZ
        Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
        Pyth Network has partnered with DeFI-centric development teams Morpho and Gauntlet. The partnership aims to offer more efficient and secure lending protocols by using Pyth’s low-latency price data.

        COINTELEGRAPH

        Konami intends to build Resella in a way that would make it easier for developers to design and issue NFTs while offering users a better marketplace experience.
        THEBLOCK

        RECOMMENDED INDUSTRY REPORTS

        Swiss Blockchain Federation updates Circular on Staking
        Staking is an energy-efficient mechanism for consensus building in public blockchain networks such as Ethereum, Solana and Cardano.

        BLOCKCHAINFEDERATION

        Masterthesis "Onchain-Finance"
        New and innovative services for Swiss banks with digital assets
        presented by Daniel Stüssi, MAS Digital Excellence for Financial Services at Zürcher Fachhochschule and HWZ Hochschule für Wirtschaft Zürich.
        DOWNLOAD HERE

        PODCAST SERIES

        Searching for Mana podcast is focused on tech innovation in finance, where Lloyd Wahed meets with some of the influencers, leaders and founders in the tech and finance space.
        Unchained podcast with Laura Shin, is where she dives into the week’s hottest news story, gives an overview to all experts and their vision for the future of this innovative technology!
        Unchained podcast
        The Security Token Show podcast hosted by Kyle Sonlin and Herwig Konings, where they share news, innovation, and development is the finance.
        Paul Barron Network podcast dives into crypto news, reviews, research, and interviews with the leading experts and change agents defining the future of crypto and blockchain.
        Behind The Numbers With Lena Petrova, CPA Podcast by Lena Petrova, where she share her research into the world of finance, economics and geopolitics.

        UPCOMING EVENTS

        Point Zero Forum
        July 1-3, 2024
        Blockchain Expo World
        July 4-7, 2024
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