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In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it
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Being the largest US retailer, Walmart will boost the popularity of Pudgy Penguins by offering a variety of 16 Pudgy Toys, priced from $2.99 to $11.97. The weekly trading volume of the prominent NFT project, Pudgy Penguins, experienced a significant surge after its collaboration with the retail giant Walmart. Between
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The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book Snow Crash, is pushing forward with its vision despite the lower interest in the metaverse and some declaring that it’s “dead.” Compared to its peak in 2021 and 2022, search interest for the metaverse has
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The first transactions within the pilot included fund subscriptions and redemption of the tokenized fund represented as a smart contract. Notably, UBS used its own UBS Tokenize platform to conduct the transactions. Swiss multinational investment bank and financial services company UBS Asset Management (SWX: UBSG) has launched the first pilot of a tokenized Variable Capital Company
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The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have completed Project Mariana. Project Mariana focused on the cross-border trading and settlement of CBDC between financial institutions by applying the decentralized finance (defi) technology. The initiative was developed by three financial innovation hub centers (the Swiss,
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mBridge stands out as the sole international CBDC project in which China has participated. Currently, all participating central banks have CBDCs in the pilot project phase. The Hong Kong Monetary Authority (HKMA) CEO Eddie Yue has revealed plans for significant expansion of the mBridge project, which involves the central bank digital
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Project mBridge may soon see significant expansion, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. He outlined the plans for the central bank digital currency (CBDC) project in a speech in Shanghai.Yue said tests have shown mBridge to provide faster, cheaper, more transparent cross-border payments. The project was
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The Miss Universe Organization has denied any association with the Miss Universe Coin project announced at the Philippine Blockchain Week (PBW) event held earlier this month. PBW said that they are in contact with all involved parties and will post an update soon. Earlier this month, a project called Miss
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More than the risks to its financial reserves, and all the news about withdrawals, there is yet another reason that currently ticks off investors about Huobi. In June, Justin Sun floated a brainchild project that was targeted at crypto investors who had a knack for very high yields. Per his pitch,
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From early September, LidoDAO (LDO) prices fell. ApeCoin (APE) followed suit but more investors are exploring a new crypto project, Domini.art (DOMI). LDO drops following contract exploit On Sep. 10, blockchain security firm SlowMist revealed that Lido’s code doesn’t follow the guidelines set by the ERC-20 token standard, allowing users to conduct
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