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Truckers, whose work is essential to the world’s supply chain, are struggling to get compensated due to a lack of fast and seamless payment systems. A blockchain tech start-up claims to have the solution. Trucks move over 70% of America’s goods producing about US$875.5 billion in gross freight revenues annually according
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Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao
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The Bank for International Settlements is spearheading a project that will look into tech tools that could help regulators form policy frameworks for stablecoins based on data. Original Source
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“Every step we take to provide infrastructure, and to make it accessible and decentralized, is a catalyst for devs to build,” StarkWare co-founder and President Eli Ben-Sasson said in a statement at the summit. “And the quicker and more broadly they build, the faster we’ll see mass onboarding to solutions
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The release of the decentralized storage system’s whitepaper was having a modest effect on the price of other storage tokens on Wednesday. Filecoin (FIL), Storj (STORJ), and Arweave (AR) are now trading 2%, 5% and 6%, respectively, above their pre-announcement prices. Source
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“For Web3 gaming to reach a billion players, onboarding must be invisible, secure and work across any game – mobile, console or desktop," said Immutable president and co-founder Robbie Ferguson. "Passport is a self-custodial wallet, where users can sign in with just an email and one-time password – it will
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The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds. South Korea to Start Tracking Crypto Transactions
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Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future.According to a Jan. 30 Financial Times report, two people familiar with Twitter’s plans said the payments feature will support fiat currencies to
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The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model Proposed by Custodia Bank Presents
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The Ministry of Justice in South Korea announced plans to introduce a crypto tracking system to counter money laundering initiatives and recover funds linked to criminal activities.The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before
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