DeFi News Official TheBitTimes.com

ARK Invest, the investment management firm spearheaded by prominent Bitcoin advocate Cathie Wood, has teamed up with 21Shares, an exchange-traded product (ETP) provider, to introduce users to a suit that will give users exposure to Bitcoin and Ethereum futures contracts. According to the Nov. 8 post on X, the initiative will offer investors a diverse range of options for incorporating digital asset s into their trading portfolios, enhancing the accessibility and flexibility of cryptocurrency investments. No direct investments into spot BTC As outlined in the 21Shares website, a set of five products is slated to commence trading in the upcoming week, with these exchange-traded funds securing listings on the Chicago Board Options Exchange.  The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR ...

The Bank of England’s consultation on the digital pound has sparked widespread public debate, underscoring critical concerns about privacy, cash usage and the currency’s future trajectory. The Bank of England has received more than 50,000 responses , on its idea of introducing a digital pound . Deputy Governor Jon Cunliffe talked about this in his speech, pointing out that people are worried about how private their information will be, what might happen to cash, and how the digital pound would actually work. Cunliffe said that if people use the digital pound , their information would be as private as it is now when they make electronic payments. He assured everyone that the Bank of England wouldn’t see people’s personal data. Even with these assurances, it’s important to think about how safe data truly is when dealing with digital currency. Bank of England Official Says UK Likely to Need Digital Pound – BNN Bloomberg -Saw this coming! https://t.co/NkPLWTNd4s — Mr...

Deutsche Bank and Standard Chartered test Universal Digital Payments Network (UDPN) for digital currency transactions. UDPN connects blockchain networks, facilitating seamless transactions between stablecoins and CBDCs. UDPN, with 25 participating organizations, aims to enhance digital currency transactions. Global banks Deutsche Bank and Standard Chartered are pioneering a groundbreaking solution that could revolutionize cross-border transactions in the realm of digital currencies. These financial giants are currently engaged in testing a network known as the Universal Digital Payments Network (UDPN), which has the potential to be a game-changer in the world of blockchain-based transactions. How the UDPN works UDPN, conceived as a permissioned blockchain system, is a brainchild of tech consultancy GFT Group and Red Date Technology, co-founder of the Chinese Blockchain-Based Service Network (BSN). The system is designed to facilitate seamless transactions ...

The partnership will enable BNP Paribas China's corporate clients to make payments using the digital yuan through an e-CNY management system. The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China's corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China's digital currency via an e-CNY management system. The e-CNY management system also promises to make it easier and more convenient for clients to use digital cash for real-time transactions. The e-CNY management system can facilitate “efficient, real-time and convenient [digital cash] practice,” BNP shared, according to The South China Morning Post.  BNP Paribas China also plans to explore the use...