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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 Blockchain Zug Initiative secures CHF 40 million from the Canton, why court wants Binance.US, SEC to avoid full asset freeze and how Bitcoin can help secure proof-of-stake blockchain protocols.
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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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Following BIG's successful business development over the last five years with a focus on financial services, implementing various projects related to blockchain and digital assets, we are expanding into new industries and are looking for an experienced industry leader with hands-on experience in business development, project management and technology.
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Blockchain Zug Initiative secures CHF 40 million from the Canton
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The Zug government council wan to contribute to the development costs of the "Blockchain Zug - Joint Research Initiative". This makes Crypto Valley the international center for blockchain research.
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Court wants Binance.US, SEC to avoid full asset freeze
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A federal judge set a Jun. 15 deadline for the SEC and Binance.US to resolve the matter, a bid to avoid damaging crypto markets. US District Judge Jackson encouraged the SEC to find middle ground with Binance.US.
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How Bitcoin can help secure proof-of-stake blockchain protocols
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The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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US lawmaker invokes SEC lawsuits in considering crypto regulatory framework
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Members of the United States House Financial Services Committee met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the SEC against crypto firms.
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Societe Generale Forge launches tokenization challenge
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The digital asset division, unveiled CAST Challenge to encourage developers to use Compliant Architecture for Security Tokens Framework. Judges from ICMA, ABN Amro, AXA Investment Managers, Credit Agricole, ICMA, Santander, Societe Generale and Visa.
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Hinman documents suggest SEC is the wrong agency to govern digital assets, crypto lawyer says
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The unveiled documents offer valuable insights into a significant speech delivered in 2018 by Bill Hinman, the former director of the SEC corporation finance division.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Thailand: Digital Baht CBDC pilot now underway
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Tests are taking place in a regulatory sandbox with plans to involve up to 10,000 participants. The central bank continues to study use cases to improve payment efficiency and increase the country’s push toward digitalization.
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Ex-central banker wants central banks to embrace competition for CBDC
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The push for CBDCs is fuelled by the need for central banks to limit the spread of privately issued digital currencies. CBDCs issued by the government offer the benefits of preventing capital flight, upheavals to financial stability.
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US Treasury keen on privacy technologies to address CBDC concerns
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More generally, the Treasury sees retail CBDCs as likely contributing to things such as efficient payments and financial inclusion but also recognizes the risk of potentially facilitating bank runs and destabilizing private sector lending.
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CRYPTOCURRENCIES, DeFi and NFT
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Crypto community with 85% historical accuracy sets BTC price for June 30, 2023
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Despite swings and regulatory headwinds, Bitcoin has shown immense resilience and renewed investor interest. The world’s most popular cryptocurrency witnessed notable selling pressure once again.
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SEC’s proposed exchange definition would cause ‘de facto expatriation’ of DeFi companies
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The SEC has proposed a rule change that would expand the definition of exchanges and would cover platforms that trade crypto asset securities as well as some DeFi platforms.
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The Moment3 to launch NFTs with Alibaba’s e-commerce platform AliExpress
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The NFT project plans to connect with real-world businesses and grant NFT owners benefits and exclusive rights beyond mere collectible values. AliExpress is a global e-commerce platform owned by Alibaba Group.
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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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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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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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