Deutsche, the German Multinational Investment Bank shares are down more than 10%, and its credit-default swaps surge amid wider concerns about the banking sectors. It is the third consecutive day and has now the bank lost more than a fifth of its shares this month. Deutsche shares tumbled after the
According to reports in local media, China’s central bank digital currency (CBDC) is now accepted as payment on the country’s most popular social networking and payment app, WeChat. The initiative’s stated goal is to increase the digital yuan’s popularity. After Alipay, WeChat is now the second payment platform to implement
On Tuesday, the Thai government announced that it will exclude businesses that issue digital tokens for investment from paying corporate income tax and value-added tax. After easing tax laws for crypto trading last year, Thailand has taken yet another positive step toward the cryptocurrency sector. According to Reuters, on March
Among the world’s most cryptocurrency-friendly locations in the United Arab Emirates (UAE). Ras Al Khaimah (RAK), one of the United Arab Emirates’ emirates, has made headlines by announcing the launch of the first free economic zone for cryptocurrency and other digital assets. The area’s business district is known as the
Shaktikanta Das, the governor of the Reserve Bank of India (RBI), asserts that some G20 members want to consider outright banning cryptocurrencies. Officials from the G20’s finance ministries and central bankers appeared to be in accord about regulating the digital currency. As per the report, the G20 summit, which India
Since the U.S. Securities and Exchange Commission’s (SEC) assault on crypto businesses, scrutiny of crypto players in the U.S. continues. In the latest development, an attorney from New York has filed a complaint with regulators over a cryptocurrency exchange. Global regulatory agencies stepped up their attempts to standardize crypto market
After successful editions in Dubai, UAE, and Lisbon, Portugal, WOW Summit Hong Kong will become a flagship full-scale Web3 event in the APAC region in 2023, along with General Partner OKX. The conference will host over 5000 attendees on March 29-30 at a world-class venue AsiaWorld-Expo. WOW Hong Kong is
Metis Leverages NuvoOne to Eliminate Gas for Ecosystem dApps TORONTO–(BUSINESS WIRE)–Metis, an organization committed to building a robust and decentralized Layer 2 infrastructure, today announced the integration of its EcoNode, Nuvo, with BLS Wallet – a Layer 2 smart contract and signature aggregator. Through this integration, dApps building within the
Abu Dhabi, UAE, 20th February, 2023, Chainwire Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses. The collaboration between Venom Foundation and Hub71 will
Mykhailo Fedorov, the minister in charge of Ukraine’s digital transformation, said in an interview that he plans to speed up the process of creating the country’s electronic hryvnia (e-hryvnia). When the pilot phase was first proposed, it was set to begin in 2024, but the government has decided to move
