BIG Weekly Newsletter

September 14, 2023
Issue: No 201

A Message To The Reader

Welcome to the BIG weekly Newsletter!

This week read about how Ripple buys crypto infrastructure startup in its second acquisition of 2023, why BoE official says public need reassurance on digital pound and privacy and how JPMorgan unveils blockchain-based token for faster payments.

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.

We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

BIG EXPERTISE

Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.

Business Strategy:
  • 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.

Product Implementation:
  • 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 Compliance:
  • 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 Services:
  • 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.
We are hiring! BIG is looking for a Senior Partner at Blockchain Innovation Group AG
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.

BLOCKCHAIN HEADLINES

Ripple buys crypto infrastructure startup in its second acquisition of 2023
Ripple announced it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.

CNBC

BoE official says public need reassurance on digital pound and privacy
A "national conversation" is needed to assuage public fears that a digital version of the pound would allow the government to spy on them, Bank of England deputy governor designate Sarah Breeden said.

REUTERS

JPMorgan unveils blockchain-based token for faster payments
JPMorgan Chase & Co. is delving into the realm of blockchain-based digital deposit tokens, aiming to enhance cross-border payments and settlements. However, regulatory approval remains a crucial hurdle for this innovative payment method.

CRYPTO

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

The future of digital assets in Australia: A regulatory dilemma
The fate of Australia’s digital market hangs in the balance with Digital Assets Bill awaiting approval. Senator Andrew Bragg has emphasized the perils of its rejection.

CRYPTOMODE

      Digital assets gain traction: BME's approved derivatives segment
      The approval of BME Clearing from CNMV enables it to clear futures contracts for two of the most prominent cryptocurrencies. The futures contracts are denominated in USD, providing widely used currency for trading.

      FINANCEMAGNATES

          Virtual digital assets: Lessons from global trends in regulation
          Leading international organizations have recently produced policy notes on crypto-assets, also known as VDAs. Both the UNCTAD and the Financial Stability Board of the World Bank released their perspectives.

          LIVEMINT

              FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

              Russian lawmaker predicts that digital ruble will displace banks
              Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said, expressing his opinion in a meeting.

              COINDESK

              Philippines selects blockchain technology for wholesale CBDC
              The Bangko Sentral ng Pilipinas announced it will use the Hyperledger Fabric blockchain for its first wholesale CBDC trials, Project Agila. The central bank made the selection for the Philippines CBDC with input from the IMF and the BIS Innovation Hub.

              LEDGERINSIGHTS

              People’s Bank of China to use digital yuan for retail CBDC transactions
              (CBDC) has seen retail action across several sectors, including transportation and e-commerce but appears limited in its scope, unlike payment alternatives like Alipay and WeChat Pay.

              COINGEEK

              CRYPTOCURRENCIES, DeFi and NFT

              Robot dogs, AI and the plan to retrieve £165m crypto fortune lost in rubbish dump
              A man who lost an estimated £165m of cryptocurrency thrown into a landfill by mistake has unveiled his latest plan to try and get the money back.

              INDEPENDENT

              DeFi 3.0 introduces new way to hedge crypto assets against volatility
              The best available solution for traders to manage their risk came from outside the DeFi ecosystem. The 50-year-old Black-Scholes options pricing model is a method used by traders to determine fair premiums for options.

              COINTELEGRAPH

              Binance NFT ends Sandbox staking and drops Polygon network supportBinance NFT
              Staking of LAND NFTs on the Polygon Network will be suspended, with an automatic unstaking process. Binance NFT is ending its support for the Polygon Network, requiring users to complete all withdrawals by end of the year.

              CRYPTOPOLITAN

              RECOMMENDED INDUSTRY REPORTS AND BOOKS

              2023 State of Crypto Report:
              Introducing the State of Crypto Index

              A16ZCRYPTO

              Swiss Digital Asset Custody Report 2023
              The safekeeping of financial assets is a global strength of Switzerland’s banking industry.

              HOMEOFBLOCKCHAIN

              PODCAST SERIES

              UNCHAINED PODCAST

              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!
              Unchained podcast

              UPCOMING EVENTS

              Swiss Web3 Fest 2023
              September 12-17, 2023

              Blockchain Economy Summit
              October 4-5, 2023

              Pacific Bitcoin Festival 2023
              October 5-6, 2023

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