Cardano has been struggling to regain its footing in the cryptosphere, especially amidst the market depreciation and proliferation of Layer-2 networks. Despite a 25% price nosedive, the Cardano ensemble has doubled down on enhancing the network’s attributes, readying for a prospective bull market rebound. Data from Santiment reveals a swell in the Cardano Development Activity […]
Binance Japan Inc. and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the possibility of issuing a stablecoin in Japan by the end of 2024. The stablecoin will be pegged to fiat currencies, including the Japanese Yen and other foreign currencies. Binance Japan recently acquired a 100% stake in Sakura Exchange BitCoin (SEBC), a […]
Taiwan’s crypto platforms have established an industrial association to represent the interests of the industry. The association includes nine crypto exchanges, P2P trading platforms, financial investment platforms, wallet hosting companies and other types of crypto businesses. The Financial Supervisory Commission of Taiwan has created a draft of ten guiding principles for the management of virtual […]
Binance, the world’s largest crypto exchange, is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan. The two companies plan to use a platform called “Progmat Coin” to issue yen and other fiat stablecoins in accordance with Japan’s recently revised and enforced […]
