“Zodia Custody, an arm of Standard Chartered, is providing digital asset custody services to financial institutions in Singapore in response to the burgeoning demand for secure crypto solutions. This expansion, spearheading fintech investments, signals crypto’s deepening roots in the financial world.”
Search Results for: KPMG
Hong Kong’s Leap into Crypto Landscape: A Regulated Paradise or a Volatile Nightmare?
Hong Kong grants a retail trading license to the HashKey platform, reflecting its readiness to become a crypto hub in Asia. The move expands digital assets access to retail investors. Notably, auditing firms KPMG and EY will ensure operational transparency, underlining Hong Kong’s focus on secure crypto regulations.
DeFi Investments Surge as Startups Secure $49.9M: Exploring Opportunities and Challenges
This week, 14 cryptocurrency startups secured a total of $49.9 million in funding, primarily in the decentralized finance (DeFi) sector. Major beneficiary dtcpay raised approximately $16.5 million in a pre-Series A round, focusing on providing payment solutions for fiat and cryptocurrencies. The expansion of DeFi investments highlights a promising future for DeFi integration into the broader economy.
Binance’s European Exodus: Sign of Sinking Ship or Resilient Adaptation?
Binance, the world’s largest crypto exchange, faces legal complications with global financial watchdogs, leading to key European executives departing the company. This raises questions about Binance’s long-term stability in the European market and highlights the importance of market research before investing in cryptocurrencies.
Investor Uproar Over Astra Protocol’s Token Activity and Communication Issues
A consortium of investors raises concerns about Astra Protocol’s ASTRA token suspicious movements, lack of engagement with them, and unfulfilled announcements, demanding a meeting with management to address these issues. The consortium includes reputable firms like Shima Capital, Huobi, Moonlight Capital, and Republic.
Generative AI Adoption: Excitement, Concerns, and the Struggle to Keep Up
A recent KPMG U.S. survey shows that while 65% of executives predict significant generational AI impact on their organizations, challenges, including costs, business case clarity, and concerns about cybersecurity and data privacy, hinder immediate adoption, talent acquisition, and effective governance.
Riot Platforms’ Surprising Auditor Switch: Delving into Crypto-Industry’s Complex Ties with Big Four
Bitcoin mining company Riot Platforms switches accounting firms, replacing Marcum with Deloitte, amidst concerns of large accounting firms’ hesitance towards providing services to crypto companies. This highlights a potential divide in how the Big Four firms approach the crypto industry.
Deloitte Integrates KILT Blockchain: A Revolution in KYC & KYB Verification Processes?
Deloitte has integrated with KILT blockchain, a Polkadot parachain, to streamline Know Your Customer (KYC) and Know Your Business (KYB) verification processes using reusable digital credentials. This allows users control over their data and enhances security, efficiency, and scalability.