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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 Stablecoin USDC breaks dollar peg after revealing $3.3 billion Silicon Valley Bank exposure, why JetBlue, Shell ink sustainable fuel deal trackable using blockchain and how more than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm.
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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 SERVICES
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Do you need to assess, evaluate & plan your business model?
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We can develop your business strategy by providing an assessment report, a detailed concept/whitepaper, digital asset and tokenization, establishing project and corporate governance (board, c-level) and localisation services to setup in Switzerland, govern your firm, fundraising support.
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We can design your product, service and target operating model (TOM), defining functional and service level requirements, requesting for proposal, evaluate & select service provider, implementing integration, project management, testing and go-live activities.
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We can provide you with legal coordination with Lawyers, SRO, Finma, Non-Action letter, support with taxation, compliance, due diligence, risk assessment, support & tools, audit, policy framework and proof of cryptocurrency ownership, compliance workshops.
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We can support your operations by establishing a team and leading day to day production activities, engaging specialists to minimize cyber security risks or attacks, providing technical solutions and architecture design, set up and manage IT infrastructure and analyzing the codebase of blockchain platforms and applications to identify vulnerabilities and potential improvements.
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Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
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The U.S. cryptocurrency firm Circle’s USD Coin lost its dollar peg and fell to a record low after the company revealed it has nearly 8% of its $40 billion in reserves tied up at the collapsed lender Silicon Valley Bank.
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JetBlue, Shell ink sustainable fuel deal trackable using blockchain
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JetBlue and Shell Aviation announced a deal in which Shell will provide ten million gallons of sustainable aviation fuel in the next two years at LAX, with the option of a third year. Business travelers can track their SAF use via a blockchain solution.
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More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm
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Other zero-day vulnerabilities it found would allow potential attackers to crash blockchain nodes by sending RPC requests — a protocol allowing a program to communicate and request services from another.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Tax breaks for security tokens in Thailand
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Security tokens are those that are already born and put on the market as securities, on the basis of investment contracts approved by supervisory authorities.
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Daishin acquires controlling stake in Korean real estate securities exchange
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Daishin Financial Group has acquired a controlling stake in a Seoul-based real estate securities trading platform, as part of its first step for business expansion into security tokens transactions.
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Digital asset developments in South Korea: balancing innovation and risk
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The growth of the sector has made it more imperative than ever for South Korean regulators and policymakers to establish regulatory clarity for digital assets, in order to ensure consumer protection and risk management requirements are addressed.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Swift completes cross-border CBDC settlement pilot
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Swift is moving into the second phase of its cross-border CBDC pilot, conducted with 18 central and commercial banks. Banque de France, the Deutsche Bundesbank and the Monetary Authority of Singapore, participated in the first phase.
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German association wants banks compensated for digital euro CBDC help
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The EPI could be a fundamental building block. The EPI started as a network of 31 banks and two acquirers aiming to build a European card network to replace Visa and Mastercard.
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CBDCs threaten our future, so it’s time to take a stand
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If the development of blockchain technology was a financial revolution, CBDCs are the counter-revolution. Their development has intensified in 2023 across the globe, and it’s now more important than ever for the world to know what could lay behind the acronym.
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CRYPTOCURRENCIES, DeFi and NFT
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Crypto rises for a second day after U.S. inflation data comes in as expected, bitcoin briefly tops $26,000
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Cryptocurrency prices have recovered dramatically since late last week, with market sentiment flipping 180 degrees after U.S. regulators backstopped the depositors of Silicon Valley Bank and Signature Bank.
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Flash loans expose growing gap in DeFi insurance
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Existing DeFi insurance is underpriced, considering it’s often marketed as yield, though the costs associated with an insurance premium could potentially outweigh the downside protection it provides.
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What rights come with your NFT
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As non-fungible tokens (NFTs) increasingly become mainstream, investors are finding out that not every collection is created equally. This refers to the rights and privileges that accompany the associated NFTs.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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A New Intellectual Framework - Connecting the Invisible Dots
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This paper aims to set out some relevant ideas for the creation and establishment of a successful Financial DIGITAL MARKET INFRASTRUCTURE provider.
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Swiss Digital Asset Market Report 2022
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The report helps better understand the thriving digital asset space by assembling the most important facts and figures.
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PODCAST SERIES
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THE SWISS ROAD TO CRYPTO PODCAST
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In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a key role in banking and has recognized the need to foster innovation.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained and Unconfirmed podcasts. 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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5th BLOCKCHAIN INTERNATIONAL SCIENTIFIC CONFERENCE ISC
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PARIS BLOCKCHAIN WEEK SUMMIT
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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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