BIG Weekly Newsletter

September 05, 2024
Issue: No 252
This week read about the World’s 2nd safest bank, Zürcher Kantonalbank launches crypto offering, how TON Blockchain reaches 1 Billion transactions, why is Sony launching its own blockchain platform and how KfW crypto deal highlights potential and problems of blockchain bonds.

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

    World’s 2nd safest bank, Zürcher Kantonalbank launches crypto offering
    ZKB is one of Switzerland’s four major banks and the largest cantonal bank. ZKB customers can now trade Bitcoin and Ether via the bank’s mobile banking app and other channels.

    LEDGERINSIGHTS

    TON Blockchain reaches 1 Billion transactions
    The project has benefited from the activity generated such as Notcoin and Dogs and the launch of USDT, the dollar-pegged stablecoin with the largest market cap, on its network.

    BITCOIN

    Why is Sony launching its own blockchain platform
    This ambitious initiative, led by Sony Block Solution Labs Pte. Ltd., a Singapore-based subsidiary of the Sony Group, marks a significant shift in the tech giant’s strategy.

    TECHNOLOGYMAGAZINE

    KfW crypto deal highlights potential and problems of blockchain bonds
    A small three-month issue from one of the bond market’s most frequent issuers shows the potential for on-chain delivery versus payment in central bank money.

    EUROMONEY

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

    Qatar unveils 2024 digital assets framework
    The framework aligns with the goals of Qatar’s Third Financial Sector Strategic Plan. The framework is expected to attract players and support the development of a thriving financial services sector in Qatar.
    BITCOIN
    “Same risks, same rules”: The SEC’s selective approach to crypto regulation
    The notorious SEC accounting bulletin SAB 121 changes the accounting rules around the custody of crypto-assets, requiring those assets to be disclosed on the balance sheets of listed firms.

    LEDGERINSIGHTS

        Nigerian SEC approves local crypto exchanges in push for digital asset regulation
        The Nigerian Securities and Exchange Commission (SEC) has granted two local crypto exchanges Busha Digital Limited and Quidax“Approval-in-Principle”.
        CRYPTOSLATE

        FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

        Basel Committee explores how banks can mitigate permissionless blockchain risks
        Most public blockchains are permissionless. Basel Committee doesn’t have such an issue with the public aspect. It’s the permissionless aspect that it sees as a bigger problem.

        LEDGERINSIGHTS

        JPMorgan executive sees big future for India's CBDC initiative
        CBDCs represent a significant advancement for Indian payments, positioning them as the next step in the evolution of the UPI, which has already gained global recognition.

        BITCOIN

        Natixis Pfandbriefbank issues €100m digital covered bond on SWIAT DLT
        The issuance was the first of its type in Germany and it used the SWIAT permissioned blockchain. Natixis Pfandbriefbank is an indirect subsidiary of Groupe BPCE.

        LEDGERINSIGHTS

        CRYPTOCURRENCIES, DeFi and NFT

        NCR Atleos rolls out Bitcoin cashouts at ATMs in the US
        The ATM firm plans to start the rollout in 30 states. It will only be available at ATMs that are ‘ReadyCode’ connected, where ReadyCode is a special API.
        LEDGERINSIGHTS
        Leading DeFi giants Sky and Aave launch Sky Aave Force to boost sector growth
        The initiative is a step toward creating a more resilient and aligned ecosystem, with goals of broader accessibility and increased adoption.
        CRYPTOSLATE
        Backlash against SEC’s threat to sue NFT marketplace OpenSea
        In a review of the Stoner Cats case, law firm DLA Piper stated there was “little to distinguish Stoner Cats from myriad other NFT projects.”
        LEDGERINSIGHTS

        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.

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