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BIG Weekly Newsletter
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A Message To The Reader
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Welcome to the BIG weekly Newsletter!
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This week read how even Davos is calling for blockchain networks to store AI training data, why blockchain solution is changing document security and certification and how Google Cloud joins Flare network as validator, FLR jumps 5%.
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Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and then gives a rundown of the biggest headlines in the weekly news recap on Fridays.
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We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
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BIG EXPERTISE
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Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.
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- Proven Expertise: Architected and executed strategies for multiple global entities, seamlessly integrating digital assets and pioneering tokenization.
- Swiss Localization: Successfully onboarded several firms in Switzerland, optimizing their governance and fundraising capacities.
- Strategic Guidance: Elevated numerous projects to success with effective board and corporate structures.
- Tailored Solutions: Designed and deployed tailored products for several industry leaders, ensuring alignment with individual functional needs
- Seamless Integration: Managed end-to-end integrations for numerous service providers, ensuring smooth transitions to live operations.
- Project Mastery: Transformed numerous project concepts into operational successes, consistently meeting and exceeding client expectations.
- Regulatory Partnerships: Forged strong ties with legal specialists, SROs, and FINMA, setting the gold standard in regulatory navigation.
- Compliance Leadership: Rolled out internationally recognized compliance tools and frameworks, guiding best practices in the sector.
- Crypto Assurance: Pioneered innovative methods for cryptocurrency ownership verification, securing assets for multiple global entities.
- Operational Excellence: Spearheaded operational setups for several renowned industry leaders, championing peak performance.
- Cybersecurity Vanguard: Protected clients from numerous potential cyber threats, establishing a reputation for unmatched security.
- Infrastructure Prowess: Revolutionized IT for several firms with state-of-the-art setups and blockchain optimizations.
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Even Davos is calling for blockchain networks to store AI training data
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There are definitely differences of opinion over what counts as “bias” and “misinformation,” especially where organizations like the World Economic Forum (WEF) are concerned.
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This blockchain solution is changing document security and certification
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Blockchain technology is already being applied in various domains globally to fight against document fraud. The European Union has started using blockchain for educational and professional credential verification.
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Google Cloud joins Flare network as validator, FLR jumps 5%
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Flare, the blockchain for data, gives developers access to decentralized data. Google Cloud is adopting this combined role, both securing the network as a validator and contributing to the Flare Time Series Oracle.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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The year of the Dragon in digital assets: 2024 outlook
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In 2024, we will likely see a catapult forward in RWA tokenization in these first-mover countries. What hasn’t changed last year is regulatory clarity for digital assets in the U.S.
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Regulatory headwinds drive State Street Digital asset layoffs
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The news follows the issuance of 11 spot Bitcoin ETFs, with not a single one using a bank for custody of the cryptocurrency. That’s partly the result of regulatory hurdles for banks as digital asset custody is not booming.
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Binance CEO slams SEC's approach to digital asset regulation in op-ed
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Norman Reed, the Interim CEO of Binance.US, has launched a scathing critique of SEC strategy for regulating digital assets.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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BIS sets 2024 strategy with key focus on CBDC and tokenization
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The BIS Innovation Hub outlined an ambitious program for 2024, set to focus on CBDC. A key highlight will be the progression to the second phase of Project Aurum, delving into the privacy of retail payments using CBDCs.
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Donald Trump says he’ll ‘never allow’ CBDC issuance if elected
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CBDC could grant power to the federal government over money. The CBDC tracker compiled by the Atlantic Council showed that 130 countries, representing 98% of the world’s gross domestic product, are exploring a CBDC.
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Sri Lanka plans proof of concept for CBDC
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The central bank representative responded that the first step is to propose a proof of concept to the central bank board before proceeding to a pilot. The aim is to see if a CBDC meets the central bank’s requirements and was later advised to defer CBDC work.
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CRYPTOCURRENCIES, DeFi and NFT
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Cryptocurrency sector faces stricter AML regulations with EU provisional agreement
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The provisional agreement also grants special powers to Financial Intelligence Units, allowing them to obtain important financial and administrative details more quickly and easily, such as tax information, funds, frozen assets.
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The unstoppable growth of DeFi on blockchain
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DeFi’s blockchain technology allows several entities to retain copies of transactions. This suggests that there is no one source of supremacy over anything.
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Magic Eden traders can earn new NFT token alongside 'Diamonds' rewards
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A huge shift is coming for Magic Eden, the prominent cross-chain NFT marketplace, which plans to incentivize NFT traders with not only its Diamonds program, but the Non-Fungible DAO’s NFT token.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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2023 State of Crypto Report:
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Introducing the State of Crypto Index
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Swiss Digital Asset Custody Report 2023
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The safekeeping of financial assets is a global strength of Switzerland’s banking industry.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained podcast. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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The World WEB3 Conference
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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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