New York Fed, MAS link to explore wCBDCs for cross-border payments
The Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) have linked to explore the use of wholesale CBDCs for cross-border payments.
Research paper outlines legal authority for bank use of stablecoins
The Clearing House has released a research paper that analyses the legal authority and policy considerations for banks’ engagement in stablecoin-related activities.
TRM Labs bags $70m to help stop crypto-related fraud
TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.
Web3 platform Xternity lands $4.5m in pre-seed funding
Xternity, an Israeli provider of a Web3 platform for games, has scored $4.5m in pre-seed investment.
Goldman Sachs, MSC Coin Metrics launch digital asset classification system
Goldman Sachs, MSCI and Coin Metrics have partnered for the launch of datonomy, a new classification system for the digital assets market.
WalletConnect snares $12.5m in ecosystem round
WalletConnect, a web3 communications protocol firm, has raised $12.5m in an ecosystem round.
Is the metaverse the next frontier for banks?
Ever since Meta, formerly Facebook, gave that presentation on its move to the metaverse, the virtual world has become more of a reality.
ChainSafe rakes in $18.75m from Series A
ChainSafe, an R&D firm specializing in blockchain and web3 infrastructure, has bagged $18.75m in a Series A funding round.
Pine Street Labs raises $6m to support wallet management
Pine Street Labs, which allows enterprises to manage wallets on any blockchain, has reportedly raised $6m in funding.
Study finds $4bn illicitly laundered through DeFi exchanges
Cryptoasset risk management firm Elliptic has found that criminals have used DeFi exchanges amongst other things to launder more than $4bn in crypto.
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