Andrew Bailey, the Governor of the Bank of England (BoE) commented that the Stablecoins should be regulated just like commercial bank money and Central Bank Digital Currency (CBDC) won’t be ruled away. This is termed with respect to the country that has started exploring digital pound issuance. Bailey said that
There have been no big setbacks to Hong Kong’s crypto push, so far. All of the predicted growth in the digital asset market seems to be materializing. ZA Bank, Hong Kong’s biggest virtual bank, now supports both fiat and cryptocurrency transactions and provides account services to the city’s burgeoning digital
Texas wants a digital currency that can be traded for gold and cash, while other US authorities have proposed introducing a Central Bank Digital Currency (CBDC) managed by the Federal Reserve, which could be manipulated in the same ways as the dollar. Senator Bryan Hughes submitted Senate Bill 2334, and
Ethernity Chain has seen a significant surge in price over the last 24 hours. According to CoinMarketCap, Ethernity’s price has increased by over 85%, making it one of the biggest gainers in the cryptocurrency market. Ethernity Chain, a blockchain-based platform that provides limited edition non-fungible tokens (NFTs). This sudden surge
Post series of bank collapses and liquidity issues in March, the price of Bitcoin and gold skyrocketed. While both are used to avoid traditional financial institutions, the market was not too startled by the price changes. There are several issues that are currently plaguing the cryptocurrency market and the US
With the debut of its stablecoin pegged to the U.S. dollar, major Brazilian investment bank BTG Pactual keeps adding new cryptocurrency services. Using the bank’s custody services, BTG Pactual is getting ready to introduce the BTG Dol, a new stablecoin tied to the U.S. dollar at a 1:1 ratio. On
dexFreight, a Fintech-enabled logistics market network driven by smart contracts, has been awarded a USPTO patent, which will allow real-world asset-collateralized NFTs to be introduced into the Rootstock DeFi ecosystem. DexFreight received a USPTO patent on March 28, 2023 (Patent No.: US 11615375 B2) for its novel approach to electronic
April 12 cliff-edge for entrepreneur fighting for return of $22 million in crypto assets, currently subject to a freezing order by the BVI court Arman Oyekenov alleges the funds were stolen by Julian Svirsky and Denis Donin, his former partners in the crypto real estate fund Tensigma. The funds are
Marqeta’s new report surveyed 4,000 consumers in the US, UK and Australia, looking at the factors guiding their financial decisions in 2023, with several key takeaways: Over half of respondents (57%) agreed that recent headlines about the economy had changed their household budget. 51% of consumers currently renting reported that
Proprietary software engineering and machine learning combine best-in-class voice AI with third-party Generative AI models, like ChatGPT Platform gives peerless voice access to information domains, including Generative AI models like ChatGPT New proprietary approach intelligently selects the right response to avoid “AI hallucinations” Businesses can access platform to build next-generation
