On August 7, 2023, PayPal marked a significant milestone with its foray into the cryptocurrency sector. The renowned global digital payment firm launched its inaugural cryptocurrency product, the PayPal USD (PYUSD) stablecoin, backed by a blend of US dollar...
The Canadian Central Bank has indicated that the prospects for widespread adoption of a central bank digital currency (CBDC) in daily transactions are currently limited because of the country' mature payment ecosystem. In a Staff Discussion Paper released on...
The Reserve Bank of Zimbabwe (RBZ) has announced that it is finalizing its plans to introduce Gold-Backed Digital Tokens for everyday transactions. In his presentation of the Mid-Term Monetary Policy Statement (MPS) on August 9, 2023, John Panonesta Mangudya,...
If you're into cryptocurrencies, one of the first things you likely did when you joined the space was set up a wallet. These wallets, especially non-custodial types, are like personal vaults for crypto assets that can only be accessed...
Russia's Central Bank has announced that the anticipated pilot testing program for its central bank digital currency (CBDC), known as the digital ruble, is set to kick off on August 15, 2023. According to the Bank, this testing phase...
Brazil's central Bank, Banco Central do Brasil (BCB), announced on August 7, 2023, that their digital currency (CBDC) will now be called "Drex" instead of "Real Digital." According to the Central Bank’s official statement, the name "Drex" is an...
On July 27, 2023, the Sandbox, a decentralized gaming and metaverse platform, announced its partnership with the British Museum to offer its users extraordinary "immersive experiences" to explore world history in a digital realm. Immerse yourself in a world...
After a successful mainnet launch, Goracle has shifted its focus to the second phase of its Incentivized Testnet to develop new features and integrate new dApps. As part of the Incentivized Testnet Phase II, Goracle is honing in on...
With nearly 200 organizations actively exploring the possibilities of leveraging the Web3 tech stack, the digital marketing landscape seems poised for a major breakthrough. On July 25, 2023, Safary, a leading Web3 marketing analytics company, released a groundbreaking research...
Reddit remains unwavering in its commitment to exploring digital NFT collectibles despite the shifting dynamics in the NFT market. The social media platform recently announced that the launch of its newest collection of collectible avatars, titled "Retro Reimagined," is...
