Stablecoins are a unique category of digital asset known for their stable value, often tied to real-world assets like fiat currencies or gold. They were primarily designed to offer stability and facilitate access to the volatile cryptocurrency market by...
NFTs have grabbed mainstream attention in recent years by challenging our collective perspective on art, ownership, and value. A key moment in this trend occurred in spring 2021 when an anonymous artist named Beeple sold a JPG file containing...
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have completed a collaborative experimental test focused on cross-border trading and settlement involving wholesale central bank digital currencies (CBDCs). According to a report published...
The National Bank of Kazakhstan (NBK) has unveiled plans to establish a dedicated agency to develop and implement the country's central bank digital currency (CBDC), the digital tenge. In an official statement released on September 15, the NBK announced...
Circle has announced a strategic partnership with Grab, a prominent ride-hailing and delivery company in Southeast Asia, to introduce Web3 payment services to consumers in Singapore. 1/ We are excited to unveil our partnership with @GrabSG to pilot #Web3...
The Bank for International Settlements (BIS) Innovation Hub, the Bank of Israel (BoI), and the Hong Kong Monetary Authority (HKMA) have released a comprehensive report detailing the outcomes of their joint central bank digital currency (CBDC) experiment, known as...
Anatoly Aksakov, a Russian lawmaker and chair of the Parliament's financial committee, has predicted that blockchain technology and the adoption of Russia's Central Bank Digital Currency (CBDC), known as the Digital Ruble, would lead to a gradual decline in...
DeFi (Decentralized Finance) is all about allowing more people to participate in the financial system. It achieves this by harnessing the security, immutability, and transparency of blockchain technology. It offers benefits such as reduced transaction costs, speedy resolution of...
The State Bank of India (SBI) has added support for the Unified Payment Interface to its Central Bank Digital Currency (CBDC) app, 'eRupee by SBI'. The integration will allow the app users to conduct swift and secure transactions by...
Following the metaverse boom in 2021, regular and big-shot investors dove headfirst into the industry, all hungry for a slice of the action in this incredible virtual world. Activities in the metaverse were off the charts, with virtual lands...
