Search Results for: fiat currency

Peter George, Fintech Entrepreneurial Leader for Digital Currencies, Blockchain Applications, Named Medici Land Governance Board Chairman

WASHINGTON–(BUSINESS WIRE)–Peter George, an entrepreneur who is among the earliest adopters of Blockchain applications for central bank digital currency and investments in digital assets, has been named chairman of the board of directors of Medici Land Governance (MLG). A citizen of Trinidad and Tobago, Peter founded Avatar Capital a decade

December 13, 2023 4 mins read

Crypto.com Hits 100 Million Users, Expands with Strategic Partnerships and Events

Crypto.com Collaborates with Prominent Singapore Charities for Web3 Payment Integration

Today, six significant charities in Singapore signed a Memorandum of Understanding (MOU) with Crypto.com, a renowned global leader in regulatory compliance, security, and privacy with over 80 million customers. The purpose of the MOU is to help foster the acceptability of contributions in digital assets, which Crypto.com will handle and

December 13, 2023 2 mins read

If Bitcoin (Btc) Hits $500,000, What Will Be the Price of Shiba Inu (Shib) and Retik Finance (Retik)? Experts Analyze

Earlier this week, Bitcoin (BTC) surged past $42,000 to a 19-month high, sparking new price bets. Prominent financial figure Bloomberg predicts that Bitcoin is on a long-term rally towards $500,000. According to their report, “Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the

December 12, 2023 4 mins read

3 tokens below $0.1 to buy before December ends: Shiba Inu (SHIB), Retik Finance (RETIK), Pepe (PEPE)

As we enter the final month of 2023, the year’s cryptocurrency market has been a whirlwind, experiencing significant highs and lows. Whether you’re a seasoned investor seeking immediate returns or a newcomer aiming for long-term growth, making informed decisions within this dynamic landscape is crucial. This article delves into the

December 9, 2023 4 mins read

DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore

DigiFT, a digital assets exchange, was admitted into the Monetary Authority of Singapore FinTech Regulatory Sandbox in June 2022 for dealing in capital markets products by facilitating the issuance of security tokens, and for operating an organised market for secondary trading As a Capital Markets Services licence holder and a

December 5, 2023 4 mins read

UAE Central Bank Takes First Steps Towards CBDC Development

Mastercard’s Blockchain and Digital Asset Head Deems CBDCs Unnecessary

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

Crypto Exchange XREX Secures In-principal Approval in Singapore

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

Bank of America Indicates a Near-Term Digital Dollar Unlikely in the U.S

Bank of America (BAC) stated in a research on Monday that central bank digital currencies (CBDCs) are on the horizon, but will not occur in the near future. The report found that 33% of the world’s central banks, representing 67% of nations and 98% of global GDP, are actively investigating

November 15, 2023 2 mins read

Citi Develops Blockchain FX Solution under the Monetary Authority of Singapore’s Project Guardian

SINGAPORE–(BUSINESS WIRE)–Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. The application is a part of Project Guardian(i), a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry. While the current phase of the application tested

November 15, 2023 3 mins read

Tassat® Appoints Zain Saidin as CEO to Spearhead Long-term Growth

Kevin R. Greene to continue role at Tassat as the Chairman of the Board of Directors NEW YORK–(BUSINESS WIRE)–Tassat Group, Inc., the leading provider of real-time digital payments solutions, today announced the appointment of Zain Saidin as Chief Executive Officer (CEO). Saidin assumes the CEO position after serving as Chief

November 8, 2023 3 mins read