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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 about how Nirvana Cloud debuts as blockchain-optimized alternative to AWS and Google Cloud, why with Mastercard, MetaMask tests first blockchain-powered payment card and how China speeds blockchain development to compete globally.
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Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and Searching for Mana podcast where Lloyd Wahed meets with some of the influencers, leaders and founders in the tech and finance space.
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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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Nirvana Cloud debuts as blockchain-optimized alternative to AWS and Google
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The company is hoping to lure Web3 projects away from more general purpose cloud providers like Amazon Web Services and Google Cloud, which are widely used across many industries, including the crypto space.
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With Mastercard, MetaMask tests first blockchain-powered payment card
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MetaMask, the cryptocurrency wallet for the Ethereum blockchain, is testing an entirely on-chain payment card running on Mastercard's giant network and issued by Baanx.
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China speeds blockchain development to compete globally
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Dong Jin, has emphasized the need for the Chinese government to bolster the infrastructure surrounding blockchain technology to keep up with rapid digitization.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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FDIC official urges better digital asset policy to maintain US influence
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Tokenization of bank deposits and other RWA could make it possible to carry out financial transaction at any time with real-time settlement, and it would provide programmability of payments.
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Taiwan draft bill on digital asset regulation coming in September
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Taiwan’s financial watchdog expects to introduce a draft bill on digital asset regulation later this year to protect consumers and the stability of the country’s financial sector.
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Crypto regulatory turbulence: SEC actions and industry impact
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SEC continues to ramp up its actions against crypto sector. The agency approved multiple spot Bitcoin ETFs, and is considering multiple applications for a US spot Ethereum ETF.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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G+D to test offline payments as part of Brazil’s DREX CBDC trials
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G+D announced it will work with Banco do Brasil to trial an offline payment solution as part of the central bank’s DREX tests. DREX’s primary purpose is to operate as a wholesale CBDC solution and platform.
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Israel to introduce CBDC with Interest-Bearing Features
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The Bank of Israel recently revealed plans to support a new central bank digital currency (CBDC) with unique features. This includes the potential for the digital shekel to accrue interest.
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The Philippines aims to complete wholesale CBDC pilot this year
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According to the Deputy Governor, the three use cases are interbank settlement, the settlement of securities transactions and cross border payments. The Philippines is an observer of the cross border CBDC project.
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CRYPTOCURRENCIES, DeFi and NFT
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Bitcoin rises to another record, ether breaks through $4,000
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At the same time, heightened leverage in the crypto market has led to the biggest price swings in nearly a year, with funding rates at their highest levels since January 2021 and bitcoin open interest at all-time highs.
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Will 2024 be the best year for DeFi yet
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As the crypto space sees signs of a potential bull run, Giovino breaks down the power of DeFi, the problems associated with the sector, and how they could impact mass adoption in the coming years. Also explains that now is the most important time to consider the various risks that cut across the DeFi sector.
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Sony files 'Super-Fungible Token' NFT patent
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Sony’s patent describes the usage of a “Super-Fungible Token,” an amalgamation of a set of gaming assets. Each of these tokens would be saved into a determined blockchain, and the programming of each token would allow the selection of only one game asset at a time.
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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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Searching for Mana, the podcast focused on tech innovation in finance, where Lloyd Wahed has been meeting with some of the influencers, leaders and founders in the tech and finance space from unicorn companies to financial disruptors. Tune in to gain insight into how they got into FinTech, what they’re currently focused on, what their companies are all about, as well as some of the important trends that they’ve highlighted in the market.
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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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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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