Cryptocurrency Analysis and News Portal
The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.The pilot project dedicated to wholesale CBDC, named Helvetia Phase III, will test the
Read More
The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.The update gathers a significant amount of
Read More
NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region’s Web 3.0 and tech goals as part of Saud’s 2030 vision. Hong Kong-based game developer and venture capital company Animoca Brands Corporation Ltd has announced a strategic partnership with Saudi Arabia’s NEOM Investment Fund. The two
Read More
The Bank of Korea (BOK), is launching a pilot project in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) to explore the implementation of a central bank digital currency (CBDC). The primary objective of this pilot is to assess the practical aspects of a wholesale
Read More
With the new funds, Sierra Space intends to extend its flight activities to the space station and also focus on commercializing the lower earth orbit at scale for affordable operations. Privately held commercial space company Sierra Space is reportedly about to close a funding round with $300 million at a total
Read More
The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside."In a series of X (Twitter) posts on Aug. 27, Clockwork founder Nick Garfield Garfield said he and the team will stop active
Read More
Dubai has started offering commercial licenses to artificial intelligence (AI) and Web3 businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region. The Dubai AI and Web 3.0 Campus — an aspiring tech hub —
Read More
Meta plans to release a commercial version of its artificial intelligence (AI) model aiming to reach wider usage, according to a Financial Times report.The report contained details from sources close to Meta, who said that although the company released its own large language mode (LLM) for researchers and academics called LLaMa earlier this
Read More
Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.The monetary landscape is becoming fragmented, Moody’s said, but
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to a SEC filing, Metropolitan Commercial Bank is almost done terminating its crypto-related services. The bank currently has $278.5 million in deposits tied to cryptos. The bank reported that its withdrawal from the crypto industry was
Read More