Telos announces a new tool, T-Bond NFTs, which combines Decentralized Finance and non-fungible tokens to create locked tokens that are only unlocked when a maturity date is reached or other specified conditions are met.
Read MoreThe Office of the Comptroller of the Currency of the United States has announced that national banks and federal savings associations may participate in independent node verification networks and use stablecoins to perform bank-permissible functions. As a result, Cayman-based banks may be afforded the opportunity to access a new, open, global payment infrastructure system that is active and accessible today.
Read MoreThe STABLE act has been recently introduced with a focus to ban any stablecoin that is not issued by a chartered bank. This bill would target dollar-denominated liabilities rather than non-bank dollar-denominated liabilities, such as Apple Pay, Google Pay, Paypal, Moneygram or Western Union, and may have unintended far reaching consequences for participants on a network with dollar-denominated stablecoins.
Read MoreThe COVID-19 pandemic has showcased the success of Bitcoin in the monetary revolution. This virtual currency has been recognized as a place for wealthy individuals and companies to store their wealth because it is both scarce and sovereign.
Read MoreWhile data and technology continue to reshape our world and create opportunities, concerns about trust could halt their development. By prioritizing trust gaps, companies can remain at the forefront with advanced technologies and through trusted intelligence, businesses can build trust in data, advanced technologies and business models.
Read MoreAfter the successful development of our private funds transparency report, Cartan Group has expanded our data discovery algorithms to other Caribbean financial services industries; in addition to the Cayman Islands, this data includes the British Virgin Islands, Bermuda, and the Bahamas. We have developed a 360° Industry Monitor that is currently surfacing a subset of data being collected.
Read MoreEthereum has introduced the Beacon Chain, the first step in a set of upgrades to address the clogged network, a growing required amount of disk space, and energy consumption needed to keep the network secure. The Beacon Chain's initial role will introduce staking to the Ethereum community and lay the groundwork for future upgrades.
Read MoreThe largest financial institution in Belarus, a member country of the FATF-supported Eurasian Group (EAG), is offering citizens of Belarus and Russia to buy, sell and trade Bitcoin at optimal pricing. The bank plans to continue collaboration with Whitebird to expand these crytpocurrency services to additional countries.
Read MoreA group of central banks have joined forces with the Bank for International Settlements (BIS) to explore the general use for Central Bank Digital Currencies (CBDC). Most public policy objectives amongst central banks have remained unchanged for the last decade and by engaging in the exploration of CBDCs, these organizations are forced to innovate and evolve.
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