South Korean private banks, Hana Bank and Woori Bank, are reportedly exploring the possibilities offered by tokenized deposit technology as a viable alternative to both private stablecoins and Central Bank Digital Currencies (CBDCs). Both banks are actively studying the...
Republican Congressman Warren Davidson has joined a growing number of U.S. politicians to advocate against the creation of central bank digital currencies (CBDCs). He urged Congress to pass legislation that would not only prevent the issuance of CBDCs but...
Utopia Labs is revolutionizing cryptocurrency payments for businesses with the introduction of its groundbreaking service, USDC stablecoin bank transfers. This solution enables companies worldwide to seamlessly transfer USDC to any U.S. bank account, addresses a significant hurdle in the...
During a conference in Singapore on July 19, 2023, Yi Gang, the governor of the People's Bank of China, revealed that the Chinese central bank digital currency (CBDC) had facilitated transactions amounting to 1.8 trillion yuan, equivalent to over...
Aave has successfully launched GHO, an algorithmic stablecoin pegged to the US dollar, on the Ethereum mainnet. The launch follows a positive response from its community of users on its proposal for developing the token. Let's GHO! Congrats to...
DeFi Planet is excited to announce its media partnership with Tezoro, a remarkably innovative non-custodial service designed to eliminate the risk of permanently losing access to stored crypto assets. Typically, investors secure their tokens in digital wallets using cryptography...
Blockchain is highly regarded for its security and decentralized nature. However, the design of its security system creates a restriction that prevents it from interacting with external data sources, making it difficult to incorporate information from outside the blockchain....
Meta is reportedly planning to release a commercial version of its artificial intelligence (AI) model in a move aimed at expanding its use across different industries. The tech giant had previously released its large language model (LLM), LLaMa, in...
Rodeo Finance, a DeFi protocol, has suffered an exploit that resulted in a loss of $888,000 from its coffers. The attacker took advantage of a programming flaw in the protocol's Oracle, manipulated an asset's price, and stole more than...
Luxury watches are now being used as collateral for DeFi loans via the integration of non-fungible tokens (NFTs). CirrusNFT, a pseudonymous NFT collector, shared a story on July 11, 2023, that highlighted how an anonymous borrower successfully secured a...
