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According to Ravi Menon, managing director of Singapore’s central bank, the Monetary, the country aspires to be a hub for digital assets but not for speculating on cryptocurrencies. Menon said in his opening speech at the Singapore Fintech Festival 2022 on Thursday, “If a crypto hub is about experimenting with programmable money, applying digital assets...Read More

The leading provider of global payments, Mastercard, continues to assist blockchain and cryptocurrency businesses as part of its fintech accelerator, the Mastercard Start Path programme. In order to encourage the adoption of cryptocurrency and blockchain technologies, Mastercard has selected seven additional sector companies for its Start Path initiative, the company said on Nov 3rd.   The...Read More

The 375 million Swiss franc ($370 million) bond issued by UBS AG is the first digital bond ever to be openly traded and paid on both blockchain-based and conventional exchanges, according to the Swiss bank on Thursday. It will be the world’s first public benchmark bond that investors may access in both digital and traditional...Read More

The Merge was successfully completed by Ethereum, ushering in Ethereum 2.0. The proof-of-stake (PoS) model, which aims to increase the security and scalability of the network, has officially replaced the proof-of-work (PoW) model for the Ethereum blockchain. On 15th September. the transition took place at block 15537393. Except for one minor issue, nothing major happened....Read More

Critics argued that the Biden administration’s assessments were more concerned with the negative effects of cryptocurrency on the environment than with the positive aspects of the technology. After US President Joe Biden’s administration released a regulatory framework on digital assets, members of the crypto community and advocacy groups reacted, with many claiming the White House...Read More

The largest bank in Southeast Asia, DBS, disclosed a cooperation with The Sandbox on Friday. The Sandbox is a virtual environment where users can create, control, and make money from their game experiences using the Ethereum blockchain. DBS claims to be “Singapore’s first bank to enter into the metaverse.” “The metaverse presents great prospects to...Read More

Spartan Network, a blockchain infrastructure initiative intended at encouraging companies outside of mainland China to embrace the distributed ledger technology without the use of cryptocurrency, has been officially launched by China’s state-backed Blockchain Service Network (BSN). At a ceremony in Hong Kong on Tuesday, BSN announced that the service’s initial group of users included more...Read More

According to Prime Minister Anthony Albanese, Australia will carry out the cryptocurrency mapping procedure as the first nation. Token mapping entails defining the properties of particular cryptocurrencies, including well-known joke coins like Dogecoin. A method of defining various kinds of digital assets known as “token mapping” will place them all within the appropriate regulatory framework....Read More

Blockchain technology is one of the most popular trends in business, banking, and many other industries this year, according to a study. As a result of cryptocurrencies’ recent popularity spike, new investment opportunities and techniques have emerged. The popularity of blockchain and cryptocurrencies has led to an increase in the number of people who have...Read More