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Search Results for: cbdc

Chinese State Workers Convert Digital Yuan to Cash Amid Adoption Challenges

Reportedly certain state Chinese workers who are paid in “e-CNY” or digital yuan hardly use it and have been changing it to physical cash, implying that China’s digital currency initiative is still in its early stages and has significant challenges. Some Chinese localities have started paying state personnel in the

May 13, 2024 1 min read

Elevating Possibilities: The Countdown for WBS Dubai Begins!

Mark your calendars for an unparalleled gathering of blockchain and web3 pioneers as the 29th World Blockchain Summit, organized by Trescon and co-hosted by Sun Minimeal, is set to take the stage in Dubai. Scheduled for April 22-23, 2024, at the iconic JW Marriott Hotel Marina, this summit promises to

April 22, 2024 4 mins read

Binance Academy and Top European Universities Team Up for Accredited Web3 Courses

Leading European educational institutions are collaborating with Binance Academy, the crypto learning hub of Binance, to provide university-accredited courses. The courses will provide individuals with a better grasp of blockchain technology and digital assets by delving into important subjects and disciplines within the ever-evolving Web3 ecosystem. Binance Academy hopes to increase

April 16, 2024 2 mins read

TEN, Encrypted Ethereum Layer 2 Network, Secures $9M Financing Led by R3

The $9 million USD financing round for TEN, an encrypted Ethereum Layer 2 network, is headed by the digital giant R3. The Ethereum Layer 2 roll-up platform TEN from Obscuro Labs addresses important scalability and encryption problems in blockchain applications. Since TEN’s founding, R3, a group of 42 of the

March 16, 2024 3 mins read

Kusama’s BEEFY Upgrade Propels Cross-Chain Connectivity with Ethereum and Further

In a significant milestone, a new consensus protocol, BEEFY, has been activated on Polkadot’s canary network Kusama. This will allow for the blockchain to be verified seamlessly on Ethereum and other networks that are compatible with the EVM. For Kusama, the BEEFY protocol is revolutionary because it makes it possible to easily verify

February 26, 2024 2 mins read

Paris Saint-Germain (PSG) Becomes Official Blockchain Validator for the Chiliz Chain

One of the most renowned and creative football clubs in the world, Paris Saint-Germain (PSG), is strengthening its connection with Socios.com, PSG’s official Fan Token partner, and its involvement in the Chiliz blockchain. As part of this collaboration, the club will actively participate in the Chiliz Chain as an official blockchain

February 22, 2024 4 mins read