Central Banks in the Eurozone are planning to launch a wholesale Central Bank Digital Currency (CBDC) in the near future. This CBDC is designed for financial institutions and businesses, and is intended to streamline financial operations and enhance efficiency in settling transactions. The Central Bank is exploring various protocols, blockchains, and even a proprietary Distributed […]
Ripple has been honored with two awards at Juniper Research’s Future Digital Awards for Fintech & Payments 2023. The company was awarded the “Sustainability in Fintech Innovation of the Year” and the “CBDC Innovation” award. The “Sustainability in Fintech Innovation of the Year” award was rewarded for Ripple’s innovative work on the US Dollar-backed Palau […]
Stars Arena, a decentralized social media (DeSo) application, has caused a major uptick in activity on Avalanche’s C-chain network. This has resulted in an 8% increase in the price of the network’s native AVAX token in the last 24 hours. Launched in late September, Stars Arena has seen the total number of daily transactions on […]
Matt Hougan, the chief investment officer at Bitwise, believes that Ethereum (ETH) is a bigger investment opportunity than Bitcoin (BTC). According to Hougan, Ethereum is the largest investment opportunity in the entire crypto space. He explains that Ethereum is a new global computing platform that could rewire how the entire financial industry and much of […]
The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a data-gathering platform called Project Atlas. This platform will combine off-chain and on-chain data to create novel statistics and vet existing information. It will track and estimate the flow of digital assets across specific geographic locations. The Deutsche Bundesbank and […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]
TMX Group, the largest exchange in Canada, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform, Montréal Exchange (MX). The move is in response to the growing market demand for digital cryptocurrency asset classes. The Bitcoin Price Index Futures will enable investors to hedge exposure to Bitcoin spot trading and explore […]
Elon Musk, founder and CEO of Tesla and SpaceX, recently expressed his criticism of fiat currencies by calling them an “scam” on Twitter. Musk has previously voiced his support for cryptocurrency, stating that “the true battle is between fiat & crypto” and that he “supports the latter.” His own social media platform X plans to […]
Jayanti Kanani, one of the co-founders of Polygon (MATIC), recently announced his departure from the company. His partner, Sandeep Nailwal, expressed his emotions on social media, wishing Kanani well. Polygon has had a successful year, with the launch of Polygon 2.0 and the open-sourcing of its Web3 ID solution. However, the company has faced some […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange, has announced a significant investment in The Open Network (TON) – the largest layer-one investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, a non-profit organization founded in Switzerland in 2023.The Open Network (TON) is putting […]
