CryptoMediaClub
Sunday, June 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Crypto Biz: Worldcoin expands, Saudi Aramco considers digital assets, and more

16.12.2023
A A
0
121
VIEWS
ShareShare

Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets, taking advantage of the crypto winter to build and find a market fit for crypto-related solutions.

Recent examples include Deutsche Bank’s asset management arm, DWS, which announced a new venture with Galaxy Digital and Flow Traders to jointly issue a euro-denominated stablecoin. In another development, oil company Saudi Aramco signed an agreement with financial services firm SBI Holdings about a possible collaboration on digital assets and co-investment in SBI’s digital asset portfolios.

Meanwhile, in the United Kingdom, pension fund M&G has invested $20 million in the country’s first regulated Bitcoin (BTC) derivatives exchange, Global Futures & Options Holdings.

Crypto firms are also gearing up to receive additional demand from institutional investors in 2024. On Dec. 13, the Iota Foundation announced an integration with Fireblocks to allow the tokenization of real-world assets.

Check out this week’s Crypto Biz to learn more about the continuous transformation of the finance landscape, including S&P Global’s stablecoins rating, Worldcoin’s retail integrations and Coinbase’s international crypto spot trading.

Japan’s SBI looks to Saudi Aramco to continue Middle East expansion

Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco are considering teaming up on digital asset investment and semiconductor production projects. The two signed a memorandum of understanding on cooperation that includes establishing SBI Middle East in Riyadh as a base for regional operations. According to the document, SBI and Saudi Aramco will consider collaborating on digital assets and co-investing in their digital asset portfolios. They may also identify Japanese digital asset startups interested in expanding to Saudi Arabia and launch semiconductor production projects in both countries.

S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest

S&P Global has launched a stablecoin stability assessment analyzing eight stablecoins. Initially, none of them received the best rating, but two stablecoins were rated the lowest for their ability to maintain fiat pegs. According to S&P Global, the rating evaluates asset quality risks, factors that mitigate them, governance, legal and regulatory framework, redeemability, liquidity, technology and third-party dependencies. Gemini Dollar (GUSD), Pax Dollar (USDP) and USD Coin (USDC) received ratings of 2 (strong), the highest given. TrueUSD (TUSD) and Frax (FRAX) both received a rating of 5, which is attributed to TrueUSD’s inadequate information disclosure and Frax’s ongoing reliance on an algorithm.

Worldcoin integrates with Shopify, Mercado Libre, Minecraft, Reddit and Telegram

Worldcoin has launched a new version of its World ID feature, allowing users to prove their humanness on Shopify, Mercado Libre, Reddit and Telegram. Called “World ID 2.0,” the new feature allows developers to choose between different levels of authentication, ranging from “lite” to “max.” The startup claimed that the new features will help reduce losses from bots without requiring users to give their personal information to the apps they use. Other integrations in place for Worldcoin include Discord, Talent Protocol and Okta’s Auth0.

Coinbase introduces spot crypto trading for institutional investors outside the United States

Coinbase announced the availability of crypto trading services for institutional investors on its international exchange, allowing them to trade Bitcoin and Ether (ETH) against USD Coin on the spot market. Over time, the exchange plans to expand the service to include retail investors. Coinbase launched its International Exchange in May, beginning with trading for BTC and ETH perpetual futures for institutional investors, before expanding to offer the same services to retail traders in September. In the U.S., the exchange faces a lawsuit filed by the U.S. Securities and Exchange Commission in June for allegedly operating as an unregistered securities exchange, broker and clearing agency.

Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.

Share9Tweet6ShareSharePin2

Related Posts

HABE Launches Ethereum-Based Platform for Creative Project Funding
All news

HABE Launches Ethereum-Based Platform for Creative Project Funding

01.06.2025
0

A new blockchain initiative, HABE, is entering the cryptocurrency space with a platform designed to support idea development and creative...

Read moreDetails
BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

01.06.2025
WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

01.06.2025
Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

01.06.2025
JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

01.06.2025
Load More
Next Post
SEC officials meet again with spot Bitcoin ETF filers

SEC officials meet again with spot Bitcoin ETF filers

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Riksbank Shared Results of CBDC Pilot Project

Riksbank Shared Results of CBDC Pilot Project

1 year ago
Institutions absorb 8 years’ worth of Bitcoin issuance in 2024

Institutions absorb 8 years’ worth of Bitcoin issuance in 2024

5 months ago
An ETF will bring a revolution for Bitcoin and other cryptocurrencies

An ETF will bring a revolution for Bitcoin and other cryptocurrencies

2 years ago
Japanese startup to use stablecoins and CBDC to link Asian countries

Japanese startup to use stablecoins and CBDC to link Asian countries

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

Two NYPD Allegedly Officers Caught in Crypto Kidnapping Storm, Duties Curtailed

Bitcoin Price Prediction: Post-$827M Liquidation Carnage – Can BTC Reclaim $104k Amid ETF Inflows?

Ethereum Price Prediction: ETH at $2,517 After Sharplink Gaming’s $48M Institutional Buy-in News — SEC Filing Sparks Bullish Sentiment

Trending

HABE Launches Ethereum-Based Platform for Creative Project Funding
All news

HABE Launches Ethereum-Based Platform for Creative Project Funding

01.06.2025
0

A new blockchain initiative, HABE, is entering the cryptocurrency space with a platform designed to support idea...

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

01.06.2025
WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

01.06.2025
Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

01.06.2025
JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

01.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz