SWIFT starts live transactions with digital currencies in 2025
SWIFT, the organization that facilitates international banking transactions for thousands of financial institutions worldwide, has announced it will start live transactions with tokenized assets and digital currencies in 2025. This is an important step in the integration of blockchain technology within the traditional banking system. With this new trial, SWIFT aims to bridge the gap between innovative technologies and the banking world. The network focuses on improving the efficiency of financial transactions by eliminating intermediaries. Meanwhile, while central banks worldwide explore digital currencies, SWIFT provides the infrastructure for secure and reliable transactions with tokenized assets.
Possible identity of Satoshi Nakamoto known?
A new HBO documentary, “Money Electric: The Bitcoin Mystery,” claims to reveal the identity of Satoshi Nakamoto, the anonymous founder of Bitcoin. The documentary can be seen starting Oct. 8. The documentary focuses on several candidates, including Len Sassaman, a cryptographer who died in 2011, the year Nakamoto disappeared. Filmmaker Cullen Hoback conducted intensive research and interviewed experts to unravel the mystery surrounding Nakamoto. The crypto community is already speculating, with many looking forward to a definitive revelation of the person behind the famous name.
Financial institutions choose Bitcoin loans
Ledn, a platform for Bitcoin-based loans, has received an A rating from Agio Ratings, confirming the reliability of their Bitcoin-backed loans. A Bitcoin-based loan is a loan where Bitcoin serves as collateral, allowing customers to obtain liquidity without selling their digital assets. This development is significant for the growth of the crypto loan market, which is attracting increasing interest from financial institutions. In the first half of 2024, Ledn processed as much as $1.16 billion in cryptocurrency loans, with institutional investors being the main customers. The increasing acceptance of Bitcoin and the demand for innovative financing solutions are causing Bitcoin loans to grow in popularity.
