The head of Mastercard’s blockchain and digital assets for the APAC region told CNBC that CBDCs are unnecessary since consumers are already comfortable with fiat currency. Ashok Venkateshwaran, speaking on the fringes of the Singapore FinTech festival on Wednesday, said that adoption is the most challenging aspect of the industry.
November 17, 2023 2 mins read
XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment
November 17, 2023 1 min read
Republic has selected Avalanche as the blockchain to introduce its profit-sharing digital asset, the Republic Note, marking a significant step forward in its goal to democratize private market investment. Due to its scalability, speed, and customization capabilities, Republic chose Avalanche, and for the next year, it intends to extend its presence to
November 17, 2023 2 mins read
Binance Japan recently revealed the inclusion of 13 new tokens to its platform for Japanese users. The token count at the exchange will rise to 47 after this modification, which is scheduled for November 27. Many well-known protocols, such as Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB), have been
November 15, 2023 2 mins read
Binur Zhalenov, head of the National Payment Corporation (NPC), has brought the “digital tenge” into the retail sector of Kazakhstan, marking a major step forward for the nation’s finance landscape. Zhalenov made the first purchase using a debit card connected to a CBDC account while speaking at the XI Congress
November 15, 2023 2 mins read
The Creds Creator Studio will be available at the 2023 Web Summit in Lisbon, according to cheqd, an enterprise that gives people and organizations ownership and mobility over their data. Creds Creator Studio, which will debut with six launch partners, helps businesses to produce Verifiable Credentials that boost marketing efforts and foster
November 14, 2023 5 mins read
USDT stablecoin issuer Tether has been steadily minting new USDT tokens, producing 4 billion USDT during the previous month. Whale Alert revealed that on November 10, Tether released another billion Tether on the Tron network. According to Whale Alert statistics, the most recent USDT minting occurred only a few days
November 13, 2023 2 mins read
Michael Saylor, co-founder of MicroStrategy, predicts that BTC demand might increase by a factor of 10 by the end of 2024, thanks in large part to the next Bitcoin halving. On November 10th, Saylor spoke at the 2023 Australia Crypto Convention, where he was asked to forecast the future of
November 11, 2023 1 min read
Bankrupt cryptocurrency lender Genesis has taken a bold step towards streamlining its Chapter 11 reorganization. The company has asked the court for permission to drastically decrease the claim of the bankrupt hedge fund Three Arrows Capital (3AC) from over $1 billion to $33 million. The proposed resolution is an important
November 10, 2023 2 mins read
Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered
November 10, 2023 1 min read