Quick Take Since 2013, a total of 134 M&A transactions have been conducted within the blockchain sector, with a reported total value of approximately $2.7 billion Cryptocurrency exchanges have led the way for the most number of M&A deals The Block has provided a directory on the details of each deal, including the purchaser, date, …
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Sergey Medvedev, a Russian national who operated a digital currency escrow service for the $568 million payment card fraud forum he founded in 2010, pleaded guilty to racketeering charges in what the U.S. government called its largest ever cyber fraud case. Medvedev, 33, admitted in his June 26 plea before the U.S. District Court for …
Digital Currency Guru of $568M Cyber Fraud Forum Pleads Guilty Read More »
The Italian Banking Association (ABI) announced Thursday that its banks are willing to pilot a digital euro. The group shared 10 considerations for a digital euro in Thursday’s announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.” The group prioritized the need for …
The central bank of South Korea has today officially formed a legal advisory group to research digital currency. The six-member group comprises of internal and external legal experts, who will advise the Bank of Korea on legislative and amendment matters concerning central bank digital currency (CBDC) if it were to issue one. To be sure, …
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U.S. Representative Tom Emmer said Thursday that the U.S. Federal Reserve should be more open about its research and development efforts focused on a central bank digital currency, or CBDC. Emmer’s comments came during an appearance of the House Financial Services Committee’s The Task Force on Financial Technology, which met to discuss topics like the …
Quick Take While investing is not Xpring’s core business focus, it has invested at least $500 million across 27 investments Notable investments include an allocation of $100 million to Forte for a blockchain gaming fund and investment in areas involving Open Finance Xpring made a total of 18 investments in 2019, its deal involvement has …
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Gibraltar Stock Exchange (GSX) Group’s digital securities platform has tokenized the shares of a client for the first time. The recently launched blockchain-based venue, GRID, allows for the tokenization of securities using GSX Group’s native STACS network. In this inaugural issuance, shares for adtech firm tribeOS were created and distributed digitally. STACS is a scalable …
GSX Group’s New Digital Securities Venue Tokenizes First Client Shares Read More »
Igor Mikhalev is an expert principal at BCG helping clients develop business models with blockchain technologies and digital currencies. Kaj Burchardi is a Managing Director with BCG and leads the blockchain practice of BCG/Platinion globally. Digital currencies hold a long-term promise to change the way nations, corporations, and people transact value. Some of them – …
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The central bank of the Netherlands, De Nederlandsche Bank, says it wants to be a world leader in the development of central bank digital currencies. In a bulletin posted Tuesday, the bank said that the use of physical cash is “clearly” declining in the Netherlands, meaning that people are using less central bank-issued money to …
Dutch central bank wants to play a leading role in digital currency development Read More »