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This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100 Control Board On March 25, 2024, Marathon (Nasdaq: MARA) […]
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Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining Operations
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Former CFTC chair Chris Giancarlo joins Digital Asset’s board
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Chris Giancarlo, who served as chair for the U.S. Commodity Futures Trading Commission until 2019, will be joining the board of directors for blockchain startup Digital Asset.
In a Tuesday announcement, Digital Asset said Giancarlo would be providing counsel on asset tokenization, distributed ledger technology, and the possible impact of regulatory developments on the crypto space. The former CFTC chair is currently working as senior counsel at the Willkie Farr & Gallagher law firm and co-founded the Digital Dollar Project, a non-profit organization aimed at generating data to inform U.S. lawmakers on developing a central bank digital currency, or CBDC.
“We are on the precipice of a digital economic transformation that will necessitate safe and secure ways for businesses to interconnect and share assets,” said Giancarlo.
I’m excited to join the board of @digitalassetcom at this critical stage in emerging #web3 evolution. https://t.co/NXJW9dtafk
— Chris Giancarlo (@giancarloMKTS) January 25, 2022
During his time as CFTC chair, Giancarlo also served as a member of the U.S. Financial Stability Oversight Committee, the President’s Working Group on Financial Markets and the executive board of the International Organization of Securities Commissions. Many in crypto and blockchain referred to him as “Crypto Dad” for supporting digital assets during his five years at the CFTC, including overseeing the launch of regulated Bitcoin (BTC) futures and advocating for a “do no harm” approach to blockchain regulation.
Giancarlo was replaced as chair by Heath Tarbert in July 2019, for whom current CFTC commissioner Rostin Behnam took over in 2021 as acting chair before being confirmed by the Senate in December. Though no longer serving in an official capacity for any U.S. government agency, the Crypto Dad was on the board of directors at BlockFi for four months in 2021, and recently joined blockchain investment firm CoinFund as a strategic advisor.
Related: Chris Giancarlo: U.S. risks becoming ‘backwater’ without central bank digital currency
Digital Asset has raised more than $300 million through funding rounds since its founding in 2014, most recently raising $120 million in a Series D financing round in April 2021. The firm has acquired firms in the crypto and blockchain space including Hyperledger, Bits of Proof, Blockstack and Elevence.
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Catch MRHB DeFi Charmain at the 15th Islamic Financial Services Board (IFSB) Summit | by Bit Media Buzz | Nov, 2021
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November 8, 2021, Monday — Coming up this Wednesday, November 10, 2021 is the 15th Islamic Financial Services Board (IFSB) Summit where leading members in the Islamic Financial Services Industry (IFSI) will be in attendance to converse and assess new and disruptive trends and advancements in digital finance and fintech across the IFSI world.
Event Details
Date | Wednesday, 10 November 2021
14:45–16:00 KSA (Kingdom of Saudi Arabia)
Session Chair: Mr. Ayman
Sejiny, Chief Executive Officer, Islamic Corporation for the Development of the
Private Sector (ICD)
Session Line-up:
Prof. Dr. Mohamad Akram
Laldin, Executive Director, International Shari’ah Research Academy for Islamic
Finance (ISRA).
Mr. Khalid Jamal Al Kayed,
Chief Executive Officer, Bank Nizwa
Mr. Zeiad Idris, Chief
Executive Officer, Algrba
Mr. Khalid Howladar, Head
(Credit & Sukuk Advisory), RJ Fleming & Co
The Islamic Financial Services Board is a discussionary forum dedicated to meeting and talking about the Islamic Financial Services Industry (IFSI) where leaders in the field can propose ways to grow the market, argue strategies and give one another’s expertise and experience.
The general topic of the IFSB Summit will be crypto-investments, digital assets and halal crypto. Representing MRHB DeFi at the summit is Khalid Howlader, Chairman of MRHB’s Governance Board, where he will meet with policymakers, financial industry leaders, experts, and many other stakeholders in Islamic Finance. Khalid Howlader, is also the Senior Managing Director and Head of Credit & Sukuk for R.J. Fleming & Co. for institutional and sovereign clients. With his global perspectives, he is a recognised authority in his field and has addressed investors worldwide as well as audiences at the World Bank, IMF, ECB and IIF.
The main purpose of the event is to spread awareness about recent changes in the IFSI world, bringing to the forefront of Islamic Finance topics like regulatory frameworks and effective jurisdiction along with trade-offs and questions regarding ethics and innovation.
About MRHB DeFi
MRHB (pronounced ‘Marhaba’) DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.
Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.
The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.
MRHB DeFi Official Channels:
MRHB DeFi Website: https://marhabadefi.com/
MRHB DeFi Twitter: https://twitter.com/marhabadefi
MRHB DeFi Telegram: https://t.me/mdf_official
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Exclusive: Kirobo Integrates with BSC, Adds Scott Stornetta to Its Board
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Israel-based developer of blockchain applications, Kirobo, announced its integration with the well-known Binance Smart Chain (BSC) and the addition of blockchain guru Dr W. Scott Stornetta to its advisory board today. The company highlighted its plan to expand services in the future through the creation of a multi-chain service suite.
The integration with the hugely popular Binance Smart Chain will enhance the reach of Kirobo’s Defi applications. Moreover, Kirobo’s collaboration will facilitate the company’s goal of providing efficient services to users in the global crypto ecosystem.
The integration will provide several opportunities to the Binance Smart Chain users as they will be able to take advantage of Kirobo’s innovative products for cryptocurrency management.
Kirobo’s Undo Button has been making considerable waves in the crypto community, Having safely processed $1.7 billion worth of crypto transactions, its revolutionary ‘undo button’ is believed to have rescued $7 million in recalled transactions on the Ethereum network. In addition, the company’s P2P Swap Button provides a high level of security to direct token Swaps.
Launched in September 2020, BSC is one of the most popular services of cryptocurrency exchange Binance. BSC has already overtaken Ethereum in terms of the number of transactions per day. The integration connects Kirobo services with WBNB and BUSD, the two main gateway tokens to the BSC network. Moreover, the users of BSC can now use Kirobo’s services with a wide range of digital currencies.
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“Ethereum is a powerful platform, but as it struggles with throughput, exciting alternatives have appeared. People want to take advantage of them safely and effectively,” said Asaf Naim, Co-Founder and CEO of Kirobo. “By integrating with arguably the world’s most promising smart contract-capable blockchain, we’ve extended the reach of our services to a much broader section of the crypto ecosystem. It’s just one milestone in our roadmap towards multi-chain support for all our current and future products.”
Addition of Scott Stornetta
In the latest press release exclusively shared with Finance Magnates, Kirobo announced that the company has added Dr W. Scott Stornetta, known as one of the founding fathers of blockchain technology and cryptocurrency, to its advisory board. In the last few years, Stornetta contributed considerably towards the development of the cryptocurrency market through research and consultation. “We are honored to welcome Dr Stornetta to our team. His importance to the cryptocurrency ecosystem can’t be overstated,” said Tal Asa, Co-Founder and CTO of Kirobo.
Scott Stornetta and the Kirobo Team “I’m delighted to be joining the Kirobo advisory board, and I’m very much looking forward to advising the team on the development of its products and services. I’ve had a front-row seat to the evolution of the blockchain industry and been fortunate to work with some incredibly talented and dedicated individuals over the course of the last 30 years, so when I met Asaf and the Kirobo team I immediately knew that they were doing something special. Kirobo’s offering is innovative and unique, and I’m excited to be part of its journey,” Stornetta said.
Kirobo also welcomed Nir Geffen Shimoni, Co-Founder and Managing Partner of Better Alternatives, to its advisory board.
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Another Strategic Investment for MRHB DeFi from Acreditus Partners, Khalid Howlader Appointed Chairman of MRHB DeFi Governance Board | by Bit Media Buzz | Sep, 2021
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Melbourne, Australia, Sep 8, 2021 — On the heels of the strategic investment received from UAE-based Sheesha Finance last week, the world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce yet another strategic investment — this time…
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