Reading Time: 2 minutes The U.S. government is trying to get its hand on 300,900 USDT tokens that were reported stolen by two Binance users The Chinese business partners bought the tokens on Binance and sent them to a wallet which was hacked in four minutes The...
Reading Time: 2 minutes Switzerland could launch a proof of concept CBDC this year A retail digital currency is the immediate focus, with international transactions planned for the future The Swiss central bank co-authored a report on CBDCs earlier this month...
A stablecoin is a cryptocurrency that is pegged to the specified stable asset, like gold or the U.S. dollar. In other words, Stablecoins are cryptocurrencies designed to overcome the influences of price resilience. To overcome resilience the value of a stablecoin can be fastened to currency, or exchange- traded assets...
Reading Time: 2 minutes The Central Bank of the Bahamas has announced that the world’s first active CBDC, the Sand Dollar, has gone live The CBDC, which is pegged to the Bahamian dollar, has been tested on Exuma and Abaco in recent months The Bahamas has beaten the...
It is up to new projects to find innovative approaches to reinvigorate the DeFi niche, and BXTB is bringing innovation to DeFi. The Covid pandemic, social unrest, and economic turmoil experienced by countries around the world have resulted in a loss of trust in fiat currencies and traditional finance. This combination of factors has caused [...] The post A Yield-Generating Stablecoin: BXTB’s Vision...
Reading Time: 2 minutes China’s digital yuan test in Shenzhen has resulted in a lukewarm reception Users said that the app was less convenient than the established payment methods and that it had little to offer The government could tie bundles and usage incentives to...
Reading Time: 2 minutes The FSB has published 10 recommendations that it says authorities should consider when it comes to controlling stablecoins These guidelines are meant to ensure that private stablecoins are covered by financial law in all jurisdictions Facebook’s...
Reading Time: 2 minutes One euro’s worth of Bitcoin has been sent to each of Spain’s 350 Congress of Deputies The stunt, which aims to encourage direct use of cryptocurrencies, was instigated by Tutellus and the Blockchain Observatory and Forum With a digital euro...
The body has published a roadmap for the introduction of regulatory guidelines.
Reading Time: 2 minutes China has increased its digital yuan testing to include a public test in Shenzhen 50,000 residents will receive about $30 worth of the CBDC to spend with participating retailers The Shenzhen trials come a week after it was announced that Beijing...
The integration expands the choices for Paxful’s users to directly sell and buy BTC and USDT with over 300 payment options
On Monday, October 5, Switcheo announced the launch of its new decentralized exchange Zilswap, powered by the Zilliqa blockchain network. The fully on- chain Zilswap DEX will help Zilliqa to set its footing is the rapidly growing...
Reading Time: 2 minutes China’s digital yuan is set for a real world test, with 10,000 toy vending machines being deployed in Beijing that will accept the CBDC The vending machines are the first example of public use of the digital yuan The development illustrates...
The cryptocurrency exchange has made the move following trading demand from users.
Reading Time: 2 minutes The People’s Bank of China has stated that it needs to “seize the first track” in CBDC development An article in China Finance describes the digital financial revolution as a “new battlefield” The PBOC sees a digital yuan as a way to reduce...
Stablecoins are gaining popularity as an option to store value in digital assets while avoiding the implications of crypto volatility and swindles. Stablecoins also offers a free flow of value in the market, depending on the economy, unlike cryptos. Most cryptos have a limited supply and set distribution events. One of the most superior stablecoin […] The post...
With a 6% APY on BTC and 8.6% on stablecoins, the BlockFi Interest Account seems like a ray of sunshine for digital asset holders that have grown used to having their holdings slosh around with market volatility. Let's explore in our BlockFi review. The BlockFi Interest Account: It allows users to earn competitive...
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