The Society for Worldwide Interbank Financial Telecommunication (SWIFT) conducted an 8-month trial on different technologies and central bank digital currencies (CBDCs). It determined that such monetary products could take part in the global financial ecosystem and assist cross-border payments. The CBDC Experiment Earlier this year, SWIFT launched a program whose purpose was to link different...Read More
Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history. An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million. Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary”...Read More
The world’s largest cryptocurrency platform – Binance – received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform and provide custodial services in the country. Earlier this month, the company and the Kazakhstani monetary regulators signed a Memorandum of Understanding (MoU) to create a safe environment for domestic...Read More
The decentralized stablecoin protocol MakerDAO has committed to converting $500 Million of its DAI reserves into bonds and U.S. treasuries. This marks the decentralized autonomous organization (DAO)’s the first investment in high-quality government debt. As MakerDAO explained over Twitter, MKR holders voted to deploy its peg stability module’s USDC on liquid bonds, using its recently...Read More
Gary Gensler made a big announcement on October 3, saying the US media personality and reality star Kim Kardashian had settled with the agency in a fraudulent crypto promotional case. However, a Fox reporter now claimed that the SEC Chair had violated protocol by overhyping the settlement for his personal political agenda. Gensler Did it...Read More
A revolutionary cryptocurrency called Flasko is here to provide an alternative investment opportunity in the trillion-dollar market. Flasko uses cutting-edge non-fungible tokens (NFTs) and decentralized finance (Defi) capabilities to make it happen. This article will also discuss the proof-of-stake (PoS) blockchains TRON (TRX) and Solana (SOL), which inherently consume less energy than the energy-intensive proof-of-work...Read More
[PRESS RELEASE – Please Read Disclaimer] One of the biggest online multiplayer battle tournaments has begun, and all players from 1xBit can take part in the action. Select your heroes carefully because they can bring victory or defeat. Master tacticians or brutal villains, which way will you go? It’s time for combat and finding the...Read More
[PRESS RELEASE – Geneva, Switzerland, 6th October 2022] H.E. Justin Sun, founder of TRON and the Permanent Representative of Grenada to the World Trade Organization, attended TOKEN2049 in Singapore. It took place on 28-29 September. Sun was invited to share his insights on the decade ahead in the panel session titled “The Future of Crypto:...Read More
[PRESS RELEASE – Los Angeles, CA, 5th October 2022] Takeaways: A novel web3 social platform called Diamond is launching on DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz. Diamond is the first product ever to enable all posts, profiles, social graphs, and content to be hosted on a...Read More
After the failure of Celsius Network, Voyager Digital, and Vauld, rumors about lending platforms, in general, being under stress have been rife. Nexo, which has $4 billion of assets under management (AUM), has become the latest target. On Tuesday, the company’s co-founders Antoni Trenchev and Kalin Metodiev publicly dismissed the rumors and revealed that they...Read More
The combined capacity in public channels of Bitcoin Lightning Network’s total capacity in public channels has crossed 5000 BTC for the first time. BTC’s main scaling solution, designed to make transactions cheaper and faster, has made some positive developments in recent times with expansion and development. The new feat comes less than four months after...Read More
After experiencing a descending pattern for weeks, the world’s first cryptocurrency, Bitcoin price has found some relief as BTC reclaimed $20,000 level. The past couple of days have been favorable to most of the cryptocurrencies as they have seen some decent gains. The overall sentiment around Bitcoin appears to be positive where the market participants...Read More
