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Dubai World Trade Centre to create new crypto hub and become regulator

The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions as the government of Dubai has a new initiative to support local crypto development and regulation.The Dubai World Trade Centre (DWTC), a government-owned event and exhibition venue in Dubai, will become a comprehensive zone

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HSBC and IBM create successful multi-ledger CBDC demo

On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM's Hyperledger Fabric and enterprise technology provider R3's Corda served as

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Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado

Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross

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Kevin Durant and Rich Kleiman’s Thirty-Five Ventures to create NFT drops with Coinbase

On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible tokens, or NFT, drops, storytelling content about NFTs and crypto,

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Binance, MDI-Led Consortium to Create Crypto Exchange in Indonesia

Crypto exchange Binance and a consortium led by MDI Ventures will establish a joint venture focused on developing blockchain technology in Indonesia, the company said in a press release on Wednesday.The joint venture will create a new Indonesia-based digital asset exchange. Binance will provide infrastructure and support for the new

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