BIG Weekly Newsletter

August 2, 2024
Issue: No 247
This week read about how DLT friendly asset manager Azimut invests €105 million in Alps Blockchain, why Router launches Mainnet, as more projects 'Abstract' away blockchains and how State of Michigan Retirement System owns nearly $6.6 million worth of ARKB spot bitcoin ETF.

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.

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Mauro Cappiello
Founder, Blockchain Innovation Group AG

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    BLOCKCHAIN HEADLINES

    DLT friendly asset manager Azimut invests €105 million in Alps Blockchain
    Azimut is an investor in digital asset bank Sygnum. Azimut’s Alps Blockchain investment was via a five year guaranteed bond using a Luxembourg special purpose vehicle.

    LEDGERINSIGHTS

    Router launches Mainnet, as more projects 'Abstract' away blockchains
    Router Protocol, a project built using Cosmos blockchain technology, launched the main network of a new blockchain designed for "chain abstraction", with the aim of making the user experience of blockchains seamless.
    COINDESK
    State of Michigan Retirement System owns nearly $6.6 million worth of ARKB spot bitcoin ETF
    The Michigan pension agency follows the State of Wisconsin Investment Board and Jersey City in adding spot bitcoin ETF shares.
    THEBLOCK

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

    Russia adopts law regulating digital assets
    Russia’s State Duma has approved a new law regulating cryptocurrency mining and the circulation of digital assets. The law allows foreign digital financial assets trading under Central Bank oversight.

    BEINCRYPTO

        Swiss digital asset bank Sygnum plans EU (MiCA) entry
        Spot cryptocurrency trading volumes have doubled for that period, but there’s been significant growth in the riskier areas. That includes 500% growth in derivatives trading and loan volumes increasing more than 360%.

        LEDGERINSIGHTS

        EU banks subject to new rules on digital asset holdings
        EBA published a new technical standards package for EU banking sector, which includes a slew of additional requirements governing banks’ ability to hold digital assets.
        COINGEEK

        FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

        Bank of England seeks feedback for wholesale CBDC trials
        There are several drivers behind this move. One of the Bank’s concerns is the potential future use of stablecoins in the wholesale market, which hasn’t happened so far.

        LEDGERINSIGHTS

        Ghana pilots blockchain-based credentials and CBDC for global trade
        The project has been focusing on cross-border using the UN-developed, blockchain-based Universal Trusted Credential, the Singaporean Dollar stablecoin, the Ghanaian CBDC (eCedi) and purpose-bound money.

        FINEXTRA

        Kazakhstan’s CBDC pilot enters second phase
        The central bank is working with the government and the national anti-corruption agency on several projects related to the pilot. These will focus on the use of the CBDC in spending on agriculture and construction.

        CENTRALBANKING

        CRYPTOCURRENCIES, DeFi and NFT

        Russia moves to legalize cryptocurrency payments amid sanctions pressure
        This move is aimed at easing the growing difficulties faced by companies in making foreign payments due to U.S. sanctions.
        CRYPTOPOTATO
        Decentralized finance is growing up: How DeFi is becoming ‘NewFi’
        It is likely that self-custodial options will make up the vast majority of the market, while financial institutions continue to coexist alongside decentralized finance, interacting with distributed protocols.
        COINTELEGPARH
        Weekly NFT sales rise to $108.59M, up 7.59%
        As blockchain platforms compete for dominance and new collections emerge, the next chapter promises further complexities and opportunities within the NFT ecosystem.
        BITCOIN

        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

        ETHWomen
        August 13-14, 2024
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        September 18-19, 2024
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