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China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services. The People’s Bank of China (PBoC) has made significant progress in rolling out the digital Renminbi ( e-CNY) during the past year. With about 26
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Mastercard is forming a partnership program with seven prominent blockchain and payment technology providers to “bring a greater understanding of the benefits and limitations” of central bank digital currencies (CBDCs), it announced Aug. 17. Mastercard did not share specific plans for the group, but it mentioned many current buzzwords in the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied ParaFi Capital, Framework Ventures, and 1kx have jointly filed a lawsuit against Curve Finance CEO Michael Egorov, asserting claims of misappropriation of trade secrets and confidential information. The case was filed in the Superior Court of
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the constantly changing crypto landscape, InQubeta, an AI and blockchain startup, aims to reshape presale fundraising. Its platform and strategies have caught the interest of crypto investors searching for opportunities in the field. InQubeta is redefining the
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If the 2024 halving follows the same pattern as earlier ones, the BTC mining industry would see “lower competitive intensity” due to the sector’s wipe-out in the bear market of 2022, and higher bitcoin prices, which would deliver improved profitability before additional mining capacity comes online, the report added. Original Source
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KCC, KuCoin Community Chain, together with KuCoin Wallet and Windvane, announced that they would be holding the first Web3 major event –
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The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the
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Decentralized finance (DeFi) is a concept that has received a lot of attention since the so-called DeFi Summer of 2020 because its usage, often measured in total value locked (TVL), has risen dramatically since that time. In the last year alone, TVL rose by over 240% to a current $209
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SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide is planning to experiment with asset tokenization in 2022. In a blog post about the subject, SWIFT notes that it will be working with firms like Clearstream, Northern Trust, and SETL to
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Encryption startup NuCypher has finished distributing its network’s native token, NU, to over 2,000 prospective node operators who staked more than $125 million worth of ether (ETH) during the month of September. NuCypher’s system will hit Ethereum’s mainnet on Oct. 15.Primarily marketed as a solution for developers building decentralized applications
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