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CBDC Milestone: Kazakhstan’s Central Bank Introduces Digital Tenge in Pilot Phase
16.11.2023
Source: Adobe/Сергей Шиманович The National Bank of Kazakhstan has initiated a pilot phase for its central bank digital currency (CBDC), becoming the latest bank to jump on the CBDC craze. In a recent announcement, the bank said the pilot phase started with the first retail payment using...
Stablecoin Issuer Paxos Receives Preliminary Nod from Singapore Regulator
16.11.2023
Source: Paxos Blockchain infrastructure firm Paxos has obtained a preliminary license from the Monetary Authority of Singapore (MAS) for its new entity. With the in-principal approval, Paxos Digital Singapore, the new entity, will offer digital payment token services to Singaporeans. Further, Paxos...
'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says
16.11.2023
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value
NHL Dives Into NFT Market With ‘Breakaway’ Platform, Amidst Shifting Digital Collectible Trends
15.11.2023
The National Hockey League, the NHL Players’ Association, and the NHL Alumni Association have collaborated with the non-fungible token (NFT) firm Sweet to introduce NHL Breakaway, a digital collectibles platform. The NHL says the collectibles enable fans globally to collect, gift, trade,...
Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
15.11.2023
Source: Iliya Mitskavets/Adobe Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth. According to a local news outlet report on November 15, Binur Zhalenov, CEO of...
House Financial Services Subcommittee on Digital Assets Tackles Hamas’ Illicit Cryptocurrency
15.11.2023
The House Financial Services Subcommittee on Digital Assets, Financial Technology & Inclusion convened the afternoon of Wednesday, November 15th, to discuss illicit activity in regards to cryptocurrency. Bad actors “We know that bad actors prey on vulnerabilities wherever they can find them,”...
Bakkt Shifts Focus Back to Digital Asset Custody, Adds Support for Six New Coins
15.11.2023
Source: iStock Bakkt Holdings is refocusing on digital asset custody as its primary business, announcing support for six new coins in addition to Bitcoin and Ether. Bakkt has officially relaunched its Bakkt Custody platform, introducing several enhancements and expanding its supported tokens to...
CFX Labs Secures $9.5 Million Seed Round To Expand Solana-based Payment Network
15.11.2023
Source: Pixabay CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network. The US-based fintech firm said in a press release on Wednesday that the fundraising was oversubscribed, with Shima Capital, Decasonic, Antalpha, CMT Digital...
iPhone Sideloading Could Increase Crypto Phishing Attacks, Experts Warn
15.11.2023
Experts predict a rise in crypto phishing scams if Apple enables iPhone sideloading in the EU. Image by weerapat1003, Adobe Stock. According to a recent report by Computer World, Apple is planning to allow iPhone users in the EU to install apps from outside the official App Store to comply with...
Crypto-Friendly Lawmakers Ask Biden, Yellen to Quantify Hamas' Digital Asset Fundraising
15.11.2023
A group of lawmakers led by
Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins
15.11.2023
Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%
German Banking Giant Commerzbank Granted Crypto Custody License
15.11.2023
Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. Commerzbank believes the breakthrough positions the bank at the forefront of the burgeoning crypto market in Germany. The firm discloses that...
Bank of America: CBDC Adoption Grows Globally, but Digital Dollar Not Imminent
15.11.2023
Source: iStock/E_Y_E The United States is working on a digital dollar but is unlikely to actually launch one anytime soon, according to Bank of America. In a Monday report, analysts led by Alkesh Shah said that central banks for 67% of countries are exploring central bank digital currencies...
NHL Launches NFT Collectible Platform
15.11.2023
The National Hockey League launched their digital collectible platform, NHL Breakaway, to the public on Wednesday, November 15th, in collaboration with the National Hockey League Players’ Association (NHLPA), NHL Alumni Association (NHLAA), and end-to-end NFT platform, Sweet. A “groundbreaking...
Ledger and FVCKRENDER Launch Limited-Edition Nano X, More Collabs Coming
15.11.2023
Source: Ledger and FVCKRENDER Hardware wallet giant Ledger has joined hands with the popular tech-digital artist FVCKRENDER to launch a limited-edition bundle. The bundle, says the press release, “redefines the intersection of premium style and security in the realm of digital assets.” We made...
National Hockey League Comes Around to Digital Collectibles, Using Sweet Platform
15.11.2023
NHL Breakaway launches with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet, as well as the Tezos NFT standard
Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment
15.11.2023
The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025
Bitcoin Technical Analysis: BTC Enters a Steady Range-Bound Consolidation Phase
15.11.2023
As bitcoin hovers around $36,209, the cryptocurrency market braces for potential shifts. The day prior, BTC slid to a low of $35,109 per coin but has since managed to rebound back above the $36K range. Bitcoin’s market volatility intensified following the release of the consumer price index...
IMF Director Urges Institutions to Look Toward CBDCs, Highlights Cross-border Utility
15.11.2023
Source: AdobeStock / Kristina Blokhin The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has publicly praised the deployment of Central Bank Digital Currencies (CBDCs) by more countries. Speaking at the Singapore FinTech Festival, on the theme “Financial Inclusion...
Kazakhstan officially launches digital tenge
15.11.2023
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency