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Blockchain

India Implements AML Standards on Crypto Exchanges, Focusing on Transaction Accountability

India has recently implemented Anti-Money Laundering (AML) standards on cryptocurrency and crypto exchange platforms, specifically focusing on transaction accountability. This move comes as India aims to regulate and monitor the rapidly growing cryptocurrency and crypto exchange industry, which has been a topic of controversy due to its association with illegal activities such as money laundering and terrorism financing.

National Australia Bank executes world-first cross-border stablecoin transaction, powered by Fireblocks

National Australia Bank has completed an intra-bank, cross-border transaction using NAB-issued stablecoins. This represents a world-first by a major financial institution on a layer-one public blockchain (Ethereum). The pilot transaction involved the deployment of stablecoin smart contracts for 7 major global currencies, namely Australian, New Zealand, Singapore and US dollars, Euro, Yen, and Pound Sterling.

Fireblocks BUIDLathon offers $25k bounty at ETHDenver '23

Fireblocks will host the first-ever Fireblocks BUIDLathon at this year’s ETHDenver, the largest and longest-running ETH-focused event in the world. With $25,000 in prizes up for grabs, the Fireblocks BUIDLathon is an exciting chance to gain early access to a Fireblocks Developer Sandbox to build new Web3 products. Read on to learn everything you need to know about the competition.

How Blockchain Technology Is Impacting Cryptocurrency

Cryptocurrencies have become the latest buzz in the online world. Experts are speculating that this new technology will revolutionize the financial system with its soaring crypto prices, and even change the way we live our lives. This article aims to demystify cryptocurrencies, blockchain technology and demonstrate how they interact with each other to create a revolution of their own kind.

Fireblocks Expands Non-EVM DeFi Access with TRON

Today, Fireblocks is expanding access to the DeFi ecosystem on TRON, the second-largest DeFi protocol. Customers can now securely connect to TRON dApps through WalletConnect, starting with JustLend DAO and JustStables, with support for SUN to be added soon. Thousands of organizations rely on Fireblocks to securely access a range of DeFi applications across EVM and non-EVM chains – to date, the platform has powered over $150B in DeFi transactions.

Tracking the transport of radioactive sources with blockchain

This week, Australian authorities recovered a tiny capsule, just 6mm x 8mm (0.24 x 0.31 inches) along a 900km section of Australia’s longest highway, the Great Northern Highway. The pea-sized capsule was a radiation gauge containing caesium-137, a radioactive material with a half-life of 30.05 years, that is used to measure the density and flow of materials in the mining, and oil and gas industries.

Mitigating digital asset and crypto counterparty risk

If a counterparty holds custody of your crypto or digital assets, there is no replacement for due diligence in terms of risk management, security controls, and operational processes. This is why it’s critical to design crypto operations workflows that mitigate exposure to your counterparties and minimize business continuity risks. For a quick introduction to counterparty risk and how to identify your counterparties take a look here.

How to scale your digital asset or crypto operations

Day-to-day crypto and digital asset operations is one of the most important and business-critical functions for any company working with digital assets – whether you’re a fintech, web3 company, bank or OTC desk. A well-executed crypto operation is one where you have 24/7 access to funds, and can be sure assets are secure at all times, whether they’re in storage or in motion.

What is a digital asset or crypto transaction policy, and why is it important?

When working with digital assets or crypto, it can be difficult to know how many organizations and teams have access to your private keys at all times. In order to protect your customers and investors, it’s critical to develop a transaction and user policy layer. From compromised internal actors to simple fat fingers errors, the crypto industry is no stranger to both mistakes and targeted attacks leading to major losses.

Designing a digital asset or crypto transaction policy

We recommend that all organizations working with crypto, web3 or digital assets implement transaction policies. This is a great way to prevent loss of assets without sacrificing speed and efficiency from an operational perspective. If you’re interested in learning what a crypto transaction policy is and why it’s important, check out the basics here. If you’re ready to start implementing transaction policies at your organization, you’ve come to the right place.